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HAYTER & SMYTHE JOINERY LIMITED - Company Information

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Hayter & Smythe Joinery Limited

Registered Number:08440774

For the year ended 31 March 2018

England and Wales

Unaudited Financial Statements

For the year ended 31 March 2018

Hayter & Smythe Joinery Limited

Contents Page

Statement of Financial Position

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Notes to the Financial Statements

As at 31 March 2018

Hayter & Smythe Joinery Limited

Statement of Financial Position

Registered Number :

08440774

2017

2018

Notes

Fixed assets

Property, plant and equipment

12,792

10,001

12,792

10,001

Current assets

Trade and other receivables

16,699

6,495

5,398

Cash and cash equivalents

9,198

15,693

22,097

Trade and other payables: amounts falling due within one

year

(31,307)

(25,864)

(9,210)

(10,171)

Net current liabilities

Total assets less current liabilities

2,621

791

(352)

Provisions for liabilities

2,269

Net assets

791

Capital and reserves

Called up share capital

100

Retained earnings

2,169

691

2,269

791

Shareholders' funds

For the year ended 31 March 2018 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.

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

The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section

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.

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

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Mr Paul Hayter Director

These financial statements were approved and authorised for issue by the Board on 10 December 2018 and were signed by:

The notes form part of these financial statements

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For the year ended 31 March 2018

Hayter & Smythe Joinery Limited

Notes to the Financial Statements

Statutory Information

Hayter & Smythe Joinery Limited is a private limited company, limited by shares, domiciled in England and Wales,

registration number 08440774.

Registered address:

17d Hobbs Industrial Park

New Chapel

Surrey

RH7 6HN

The presentation currency is £ sterling.

1. Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard

102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', including the disclosure and

presentation requirements of Section 1A, and the Companies Act 2006. These financial statements have been

prepared under the historical cost convention.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.

Property, plant and equipment

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Plant and machinery

25% Reducing balance

Computer equipment

25% Reducing balance

Motor vehicles

Hire purchase and leasing commitments

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

2. Property, plant and equipment

Total

Computer

equipment

Motor vehicles

Plant and

machinery

Cost or

valuation

At 01 April 2017

23,255

903

22,352

7,055

1,165

5,890

Additions

At 31 March 2018

22,352

5,890

2,068

30,310

Provision for depreciation and impairment

At 01 April 2017

13,254

255

12,999

Charge for year

4,264

453

1,473

2,338

At 31 March 2018

17,518

708

1,473

15,337

At 31 March 2018

Net book value

7,015

4,417

1,360

12,792

At 31 March 2017

9,353

648

10,001

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For the year ended 31 March 2018

Hayter & Smythe Joinery Limited

Notes to the Financial Statements Continued

3. Trade and other receivables

2017

2018

Trade debtors

6,495

16,499

Other debtors

200

16,699

6,495

4. Trade and other payables: amounts falling due within one year

2017

2018

Bank loans and overdraft

4,776

7,107

Trade creditors

3,695

(1)

Taxation and social security

6,407

6,178

Other creditors

10,986

18,023

25,864

31,307

5. Average number of persons employed

During the year the average number of employees was 2 (2017 : 2).

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