Accounts filed on 31-08-2018


ACCOUNTS
FOR THE YEAR ENDED 31/08/2018





DIRECTORS
S G Harvey
P J Gaitely
D V Hazell


REGISTERED OFFICE
12 Southfield
Welwyn Garden City
Hertfordshire
AL7 4ST


COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 08131153



ACCOUNTANTS
Ratio Business Services Ltd
10 Mardley Hill
Welwyn
Hertfordshire
AL6 0TN


ACCOUNTS
FOR THEYEARENDED31/08/2018



CONTENTS



		Page

Directors' Report		-

Statement Of Comprehensive Income		-

Balance Sheet		3

Notes To The Accounts		4


The following do not form part of the statutory financial statements:

Trading And Profit And Loss Account		-

Profit And Loss Account Summaries		-


BALANCE SHEET AT 31/08/2018

			2018		2017
	Notes		£		£

FIXED ASSETS
Tangible assets	2		1,337,702		1,467,373

CURRENT ASSETS
Stock		8,343		8,343
Debtors	4	236,260		268,428
Cash at bank and in hand		34,354		28,587
		278,957		305,358
CREDITORS: Amounts falling due within one year	5	691,714		772,840
NET CURRENT LIABILITIES			(412,757)		(467,482)
TOTAL ASSETS LESS CURRENT LIABILITIES			924,945		999,891


CREDITORS: Amounts falling due after more than one year	6		554,875		651,454

NET ASSETS			370,070		348,437

CAPITAL AND RESERVES

Called up share capital	8		12		12
Profit and loss account			370,058		348,425
SHAREHOLDERS' FUNDS			370,070		348,437

For the year ending 31/08/2018 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.

Approved by the board on 23/05/2019 and signed on their behalf by



.............................
S G Harvey
Director

1. ACCOUNTING POLICIES




1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .




1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant and Machinery		25%
Fixtures and Fittings		25%




1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.




1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.




4. DEBTORS	2018	2017
	£	£
Amounts falling due within one year
Trade debtors	228,443	260,863
UK corporation tax	5,331	5,331
Prepayments	2,486	2,234
	236,260	268,428




5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
	2018	2017
	£	£
VAT	77,746	55,998
PAYE control	8,101	7,923
Directors current account	114,000	138,000
Hire purchase	425,410	502,955
Trade creditors	59,175	61,964
Other creditors	1,282	-
Accruals	6,000	6,000
	691,714	772,840




6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
	2018	2017
	£	£
Hire purchase >1yr	554,875	651,454
	554,875	651,454




8. SHARE CAPITAL	2018	2017
	£	£
Allotted, issued and fully paid:
12 Ordinary shares of £1 each	12	12
	12	12