P & J Roberts Limited - Accounts to registrar (filleted) - small 18.2
P & J Roberts Limited - Accounts to registrar (filleted) - small 18.2
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 31 July 2018 |
for |
P & J Roberts Limited |
P & J Roberts Limited (Registered number: 01935096) |
Contents of the Financial Statements |
for the Year Ended 31 July 2018 |
Page |
Company Information | 1 |
Abridged Statement of Financial Position | 2 |
Notes to the Financial Statements | 4 |
Chartered Certified Accountants' Report | 7 |
P & J Roberts Limited |
Company Information |
for the Year Ended 31 July 2018 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Certified Accountants |
Onward Chambers |
34 Market Street |
Hyde |
Cheshire |
SK14 1AH |
BANKERS: |
190 Stamford Street |
Oldham |
Lancashire |
OL6 7PT |
P & J Roberts Limited (Registered number: 01935096) |
Abridged Statement of Financial Position |
31 July 2018 |
31.7.18 | 31.7.17 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Stocks |
Debtors |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
P & J Roberts Limited (Registered number: 01935096) |
Abridged Statement of Financial Position - continued |
31 July 2018 |
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 |
P & J Roberts Limited (Registered number: 01935096) |
Notes to the Financial Statements |
for the Year Ended 31 July 2018 |
1. | STATUTORY INFORMATION |
P & J Roberts Limited is a |
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 |
Significant judgements and estimates |
The preparation of the financial statements requires management to make estimates, judgements and assumptions that affect |
the amounts reported. These judgements and estimates are continually reviewed and are based on experience and other |
factors, including expectations of future events that are believed to be reasonable under the circumstances. |
There are no significant judgements or estimates. |
Turnover |
Turnover comprises the invoiced value of goods and services supplied by the company net of discounts and value added |
tax. Turnover is recognised upon completion of a job. |
Tangible fixed assets |
Fixtures and fittings | - |
Motor vehicles | - |
Tools & equipment | - |
Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and |
impairment losses. |
Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent |
accumulated depreciation and subsequent accumulated impairment losses. |
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and |
accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously |
recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other |
comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves |
in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and |
reserves in respect of that asset, the excess shall be recognised in profit or loss. |
Stocks |
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs |
of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition. |
P & J Roberts Limited (Registered number: 01935096) |
Notes to the Financial Statements - continued |
for the Year Ended 31 July 2018 |
2. | ACCOUNTING POLICIES - continued |
Financial instruments |
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of |
the instrument. |
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing |
transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a |
similar debt instrument. |
Debt instruments are subsequently measured at amortised cost. |
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of |
each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss |
immediately. |
For all equity instruments regardless of significance, and other financial assets that are individually significant, these are |
assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of |
similar credit risk characteristics. |
Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a |
carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not |
previously been recognised. |
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 statement of financial position date. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of |
financial position 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. |
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. |
Impairment |
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated |
where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. |
Prior impairments are also reviewed for possible reversal at each reporting date. |
When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable |
amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group |
of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other |
assets or groups of assets. |
P & J Roberts Limited (Registered number: 01935096) |
Notes to the Financial Statements - continued |
for the Year Ended 31 July 2018 |
2. | ACCOUNTING POLICIES - continued |
Provisions |
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable |
that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated |
reliably. Provisions are recognised as a liability in the Balance sheet and the amount of the provision as an expense. |
Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and |
subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be |
required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss |
unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present |
value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance |
costs in profit or loss in the period it arises. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1 August 2017 |
and 31 July 2018 |
DEPRECIATION |
At 1 August 2017 |
Charge for year |
At 31 July 2018 |
NET BOOK VALUE |
At 31 July 2018 |
At 31 July 2017 |
5. | ULTIMATE CONTROLLING PARTY |
The company is controlled by Mr J C Roberts and Mr P R Roberts by virtue of their majority shareholding in the holding |
company - Rob-Co Holdings Limited, a company registered in England and Wales. |
Chartered Certified Accountants' Report to the Board of Directors |
on the Unaudited Financial Statements of |
P & J Roberts Limited |
The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited |
financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of |
Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report |
of the Directors are not required to be filed with the Registrar of Companies. |
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial |
statements of P & J Roberts Limited for the year ended 31 July 2018 which comprise the Statement of Income and Retained |
Earnings, Abridged Statement of Financial Position and the related notes from the company's accounting records and from |
information and explanations you have given us. |
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook. |
This report is made solely to the Board of Directors of P & J Roberts Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of P & J Roberts Limited and state those matters that we have agreed to state to the Board of Directors of P & J Roberts Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report. |
It is your duty to ensure that P & J Roberts Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of P & J Roberts Limited. You consider that P & J Roberts Limited is exempt from the statutory audit requirement for the year. |
We have not been instructed to carry out an audit or a review of the financial statements of P & J Roberts Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
Chartered Certified Accountants |
Onward Chambers |
34 Market Street |
Hyde |
Cheshire |
SK14 1AH |