Coverdales Limited - Accounts to registrar (filleted) - small 18.2
Coverdales Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| COVERDALES LIMITED |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 JUNE 2018 |
| COVERDALES LIMITED (REGISTERED NUMBER: 04757267) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 JUNE 2018 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| COVERDALES LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 30 JUNE 2018 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| COVERDALES LIMITED (REGISTERED NUMBER: 04757267) |
| BALANCE SHEET |
| 30 JUNE 2018 |
| 2018 | 2017 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 5 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
| CREDITORS |
| Amounts falling due after more than one year |
7 |
| NET LIABILITIES | ( |
) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| The directors acknowledge their responsibilities for: |
| (a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
| (b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
| COVERDALES LIMITED (REGISTERED NUMBER: 04757267) |
| BALANCE SHEET - continued |
| 30 JUNE 2018 |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the Board of Directors on |
| COVERDALES LIMITED (REGISTERED NUMBER: 04757267) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 JUNE 2018 |
| 1. | STATUTORY INFORMATION |
| Coverdales Limited is a |
| registered number and registered office address can be found on the Company Information page. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
| value added tax and other sales taxes. |
| Tangible fixed assets |
| Plant and machinery etc | - |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
| moving items. |
| Hire purchase and leasing commitments |
| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the |
| lease. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Plant and |
| machinery |
| etc |
| £ |
| COST |
| At 1 July 2017 |
| and 30 June 2018 |
| DEPRECIATION |
| At 1 July 2017 |
| Charge for year |
| At 30 June 2018 |
| NET BOOK VALUE |
| At 30 June 2018 |
| At 30 June 2017 |
| COVERDALES LIMITED (REGISTERED NUMBER: 04757267) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 JUNE 2018 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2018 | 2017 |
| £ | £ |
| Trade debtors |
| Amounts owed by group undertakings |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2018 | 2017 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Amounts owed to group undertakings |
| Taxation and social security |
| Other creditors |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2018 | 2017 |
| £ | £ |
| Bank loans |
| Other creditors |
| 8. | OTHER FINANCIAL COMMITMENTS |
| The total amount of financial commitments, guarantees and contingencies that are not included in the balance |
| sheet is £6,871. |
| 9. | ULTIMATE CONTROLLING PARTY |
| The controlling party is SLO Holdings Limited. |
| The ultimate controlling party is |
| COVERDALES LIMITED (REGISTERED NUMBER: 04757267) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 JUNE 2018 |
| 10. | GOING CONCERN |
| The financial statements have been prepared on a going concern basis, notwithstanding net liabilities of £119,619 |
| (2017:£102,040) which the directors believe to be appropriate for the following reasons:- |
| The company is dependent for its working capital on funds provided to it by its parent undertaking,SLO |
| Holdings Limited. The directors of SLO Holdings Limited have confirmed that SLO Holdings Limited will |
| continue to provide an undertaking that for at least 12 months from the date of approval for these financial |
| statements, it will continue to make available such funds as needed by the company, and in particular it will not |
| seek repayment of the amounts currently made available. This should enable the company to continue in |
| operational existence for the foreseeable future by meeting its liabilities as they fall due for payment. As with any |
| company placing reliance on other group entities for financial support, the directors acknowledge that there can |
| be no certainty that this support will continue, although at the date of approval of these financial statements, they |
| have no reason to believe that it will not do so. |
| Based on this assurance the directors believe that it remains appropriate to prepare the financial statements on a |
| going concern basis. The financial statements do not include any adjustments that would result from the basis of |
| preparation being inappropriate. |