Boxall Ward Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 06615729 (England and Wales)

Financial Statements for the Year Ended 31 August 2017

for

Boxall Ward Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs R Ward

A J Boxall

REGISTERED OFFICE:

Bank House

Southwick Square

Southwick

West Sussex

BN42 4FN

REGISTERED NUMBER:

06615729 (England and Wales)

ACCOUNTANTS:

Style and Silver

Bank House

Southwick Square

Southwick

West Sussex

BN42 4FN

FIXED ASSETS

Tangible assets

4

12,625

17,872

CURRENT ASSETS

Stocks

15,200

-

Debtors

5

36,370

55,491

Cash at bank

23,211

97,837

74,781

153,328

CREDITORS

Amounts falling due within one year

6

87,289

145,181

NET CURRENT (LIABILITIES)/ASSETS

(12,508

)

8,147

TOTAL ASSETS LESS CURRENT LIABILITIES

117

26,019

CREDITORS

Amounts falling due after more than one year

7

-

2,099

NET ASSETS

117

23,920

CAPITAL AND RESERVES

Called up share capital

4

4

Retained earnings

113

23,916

SHAREHOLDERS' FUNDS

117

23,920

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2017 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 8 May 2018 and were signed on its behalf by:

Mrs R Ward - Director

1.	STATUTORY INFORMATION

Boxall Ward 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.

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.

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

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

25% on reducing balance

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet.

Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held

under finance leases are depreciated over their estimated useful lives or the lease term, whichever is

the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The

capital element of the future payments is treated as a liability.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 September 2016

47,711

Disposals

(2,583

)

At 31 August 2017

45,128

DEPRECIATION

At 1 September 2016

29,839

Charge for year

4,157

Eliminated on disposal

(1,493

)

At 31 August 2017

32,503

NET BOOK VALUE

At 31 August 2017

12,625

At 31 August 2016

17,872

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 September 2016

27,785

Transfer to ownership

(19,390

)

At 31 August 2017

8,395

DEPRECIATION

At 1 September 2016

16,077

Charge for year

885

Transfer to ownership

(11,223

)

At 31 August 2017

5,739

NET BOOK VALUE

At 31 August 2017

2,656

At 31 August 2016

11,708

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.17

31.8.16

£

£

Trade debtors

34,293

49,476

Other debtors

2,077

6,015

36,370

55,491

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.17

31.8.16

£

£

Hire purchase contracts

2,099

7,590

Trade creditors

74,504

125,474

Taxation and social security

6,480

8,791

Other creditors

4,206

3,326

87,289

145,181

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.17

31.8.16

£

£

Hire purchase contracts

-

2,099

Amounts falling due in more than five years:

Repayable by instalments

Hire purchase

-

2,099