Workspace & Storage Limited - Accounts to registrar (filleted) - small 18.2
Workspace & Storage Limited - Accounts to registrar (filleted) - small 18.2
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 SEPTEMBER 2019 |
FOR |
WORKSPACE & STORAGE LIMITED |
WORKSPACE & STORAGE LIMITED (REGISTERED NUMBER: 07798528) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 SEPTEMBER 2019 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
WORKSPACE & STORAGE LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 30 SEPTEMBER 2019 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Accountants |
Hadrian House |
Front Street |
Chester le Street |
County Durham |
DH3 3DB |
WORKSPACE & STORAGE LIMITED (REGISTERED NUMBER: 07798528) |
BALANCE SHEET |
30 SEPTEMBER 2019 |
2019 | 2018 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investment property | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
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. |
WORKSPACE & STORAGE LIMITED (REGISTERED NUMBER: 07798528) |
BALANCE SHEET - continued |
30 SEPTEMBER 2019 |
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 and authorised for issue on and were signed on its behalf by: |
WORKSPACE & STORAGE LIMITED (REGISTERED NUMBER: 07798528) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 SEPTEMBER 2019 |
1. | STATUTORY INFORMATION |
Workspace & Storage Limited is a |
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 (£). |
Rounding is to the nearest whole pound. |
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 |
Land | - |
Plant and machinery | - |
Motor vehicles | - |
Computer equipment | - |
Investment property |
Investment properties are valued at their fair value. Any aggregate surplus or deficit arising from |
changes in fair value us recognised in the statement of income. No depreciation is provided on |
freehold investment properties. |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of |
Income and Retained Earnings, 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. |
WORKSPACE & STORAGE LIMITED (REGISTERED NUMBER: 07798528) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 SEPTEMBER 2019 |
2. | ACCOUNTING POLICIES - continued |
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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | TANGIBLE FIXED ASSETS |
Plant and | Motor | Computer |
Land | machinery | vehicles | equipment | Totals |
£ | £ | £ | £ | £ |
COST |
At 1 October 2018 |
Additions |
At 30 September 2019 |
DEPRECIATION |
At 1 October 2018 |
Charge for year |
At 30 September 2019 |
NET BOOK VALUE |
At 30 September 2019 |
At 30 September 2018 |
Land is not depreciated. |
5. | INVESTMENT PROPERTY |
Total |
£ |
COST OR VALUATION |
At 1 October 2018 |
Additions |
Revaluations |
At 30 September 2019 |
NET BOOK VALUE |
At 30 September 2019 |
At 30 September 2018 |
WORKSPACE & STORAGE LIMITED (REGISTERED NUMBER: 07798528) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 SEPTEMBER 2019 |
5. | INVESTMENT PROPERTY - continued |
Investment property, which is held to earn rentals and/or capital appreciation, is measured using the |
fair value model at the period date. The surplus or deficit on revaluation is recognised in the |
statement of income. |
The director considers that the valuation of the investment properties represents their fair value at the |
year end. |
Cost or valuation at 30 September 2019 is represented by: |
£ |
Valuation in 2015 | 1,332,846 |
Valuation in 2019 | 946,246 |
Cost | 1,920,908 |
4,200,000 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Trade debtors |
Other debtors |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Taxation and social security |
Other creditors |
8. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
The following advances and credits to a director subsisted during the years ended |
30 September 2019 and 30 September 2018: |
2019 | 2018 |
£ | £ |
Balance outstanding at start of year |
Amounts advanced |
Amounts repaid |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |