Sunbury Warehousing & Logistics Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09113027 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2018

FOR

SUNBURY WAREHOUSING & LOGISTICS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

W R Glenie

S Glenie

J W White

M N De Brett

REGISTERED OFFICE:

25 Grosvenor Road

Wrexham

LL11 1BT

REGISTERED NUMBER:

09113027 (England and Wales)

ACCOUNTANTS:

M. D. Coxey and Co. Limited

Chartered Accountants

25 Grosvenor Road

Wrexham

LL11 1BT

BANKERS:

Lloyds Bank plc

65-67 Fore Street

Kingsbridge

Devon

TQ7 1PN

FIXED ASSETS

Tangible assets

4

13,128

10,448

CURRENT ASSETS

Stocks

5

44,311

12,735

Debtors

6

717,171

537,230

Cash at bank and in hand

256,093

280,995

1,017,575

830,960

CREDITORS

Amounts falling due within one year

7

431,185

389,384

NET CURRENT ASSETS

586,390

441,576

TOTAL ASSETS LESS CURRENT LIABILITIES

599,518

452,024

PROVISIONS FOR LIABILITIES

9

2,495

985

NET ASSETS

597,023

451,039

CAPITAL AND RESERVES

Called up share capital

10

200,000

200,000

Retained earnings

397,023

251,039

SHAREHOLDERS' FUNDS

597,023

451,039

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2018 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 17th April 2019 and were signed on its behalf by:

S Glenie - Director

1.	STATUTORY INFORMATION

Sunbury Warehousing & Logistics Limited is a private company, limited by shares , registered in England and

Wales. The company's registered number and registered office address can be found on the Company

Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities"

of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of

Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost

convention. The company's functional and presentational currencies are pounds sterling.

Significant judgements and estimates

In the application of the Company’s accounting policies, management is required to make judgements, estimates

and assumptions about carrying values of assets and liabilities that are not readily available from other sources.

The estimates and underlying assumptions are based on historical experience and other factors that are

considered to be relevant. Actual results may differ from these estimates.

The key judgements and sources of estimation uncertainty that have a significant effect on the amounts

recognised in the financial statements are described below:

Estimated useful lives and residual values of fixed assets

Depreciation of tangible and intangible fixed assets has been based on estimated useful lives and residual values

deemed appropriate by the directors. Estimated useful lives and residual values are reviewed annually and

revised as appropriate. Revisions take into account estimated useful lives used by other companies operating in

the sector and actual asset lives and residual values, as evidenced by disposals during current and prior

accounting periods.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Sales of goods

The company recognises revenue when the amount of revenue can be measured reliably, when it is probable that

future economic benefits will flow to the entity and when the risks and rewards of ownership have passed to the

customer. This typically happens when goods are delivered and legal title has passed.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Short leasehold

-

33% on cost

Plant and machinery

-

33% on cost

Fixtures and fittings

-

33% on cost

Computer equipment

-

33% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in

bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at

the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

Financial instruments

The following assets and liabilities are classified as financial instruments - trade debtors and trade creditors.

Trade debtors and trade creditors are measured at the undiscounted amount of cash or other consideration

expected to be paid or received.

Financial assets are assessed at the end of each reporting period for objective evidence of impairment. If

objective evidence of impairment is found, an impairment loss is recognised in profit and loss.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2017 - 11 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Short

Plant and

and

Computer

leasehold

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 1st January 2018

5,886

29,469

7,687

10,368

53,410

Additions

-

13,453

-

-

13,453

At 31st December 2018

5,886

42,922

7,687

10,368

66,863

DEPRECIATION

At 1st January 2018

5,886

25,187

4,173

7,716

42,962

Charge for year

-

7,485

1,699

1,589

10,773

At 31st December 2018

5,886

32,672

5,872

9,305

53,735

NET BOOK VALUE

At 31st December 2018

-

10,250

1,815

1,063

13,128

At 31st December 2017

-

4,282

3,514

2,652

10,448

5.

STOCKS

31.12.18

31.12.17

£

£

Work-in-progress

44,311

12,735

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.18

31.12.17

£

£

Trade debtors

548,879

410,321

Amounts owed by group undertakings

88,946

70,097

Other debtors

31,177

17,507

VAT

7,687

1,876

Prepayments

40,482

37,429

717,171

537,230

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.18

31.12.17

£

£

Trade creditors

243,601

196,853

Trade creditor accruals

74,911

81,784

Amounts owed to group undertakings

17,122

2,252

Tax

47,667

52,860

Social security and other taxes

14,853

17,548

Other creditors

5,819

5,032

Directors' current accounts

13,800

-

Accrued expenses

13,412

33,055

431,185

389,384

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.12.18

31.12.17

£

£

Within one year

59,035

84,426

Between one and five years

-

59,035

59,035

143,461

9.	PROVISIONS FOR LIABILITIES

31.12.18

31.12.17

£

£

Deferred tax

Accelerated capital allowances

2,495

985

Deferred

tax

£

Balance at 1st January 2018

985

Movement in the year due to:

changes in tax allowances

1,510

changes in losses available

Balance at 31st December 2018

2,495

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.18

31.12.17

value:

£

£

51,000

A Ordinary £2

£2

102,000

102,000

49,000

B Ordinary £2

£2

98,000

98,000

200,000

200,000

11.	CAPITAL COMMITMENTS

31.12.18

31.12.17

£

£

Contracted but not provided for in the

financial statements

-

-

12.	RELATED PARTY DISCLOSURES

During the year, total dividends of £25,300 (2017 - £7,840) were paid to the directors .

13.	ULTIMATE CONTROLLING PARTY

The controlling party is Alston Garrard & Co Limited.

The ultimate controlling party is W R Glenie.