S R Cladding Services Limited 30/06/2018 iXBRL
S R Cladding Services Limited 30/06/2018 iXBRL
Company registration number:
02460667
Unaudited filleted financial statements
Contents
Statement of financial position
Notes to the financial statements
Statement of financial position
30 June 2018
2018 | 2017 | ||||||||
Note | £ | £ | £ | £ | |||||
Fixed assets | |||||||||
Tangible assets | 5 |
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Current assets | |||||||||
Stocks | 6 |
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Debtors | 7 |
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Cash at bank and in hand |
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Creditors: amounts falling due | |||||||||
within one year | 8 |
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Net current assets |
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Total assets less current liabilities |
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Creditors: amounts falling due | |||||||||
after more than one year | 9 |
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Provisions for liabilities |
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Net assets |
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Capital and reserves | |||||||||
Called up share capital |
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Profit and loss account |
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Shareholders funds |
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Director's responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
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The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
05 November 2018
, and are signed on behalf of the board by:
Director
Company registration number:
02460667
Notes to the financial statements
Year ended 30 June 2018
1.
General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is 7 Christie Way, Christie Fields, Manchester, M21 7QY.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fittings fixtures and equipment | - |
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Motor vehicles | - |
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Stocks
Financial instruments
A financial asset or a financial liability is recognised only when the company 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.
Defined contribution plans
4.
Staff costs
The average number of persons employed by the company during the year amounted to
11
(2017:
11
).
5.
Tangible assets
Fixtures, fittings and equipment | Motor vehicles | Total | ||
£ | £ | £ | ||
Cost | ||||
At 1 July 2017 |
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Additions | 3,153 | 7,938 | 11,091 | |
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At 30 June 2018 |
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Depreciation | ||||
At 1 July 2017 |
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Charge for the year |
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At 30 June 2018 |
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Carrying amount | ||||
At 30 June 2018 |
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At 30 June 2017 |
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6.
Stocks
2018 | 2017 | |||
£ | £ | |||
Finished goods and goods for resale |
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7.
Debtors
2018 | 2017 | |||
£ | £ | |||
Trade debtors |
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Other debtors |
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8.
Creditors: amounts falling due within one year
2018 | 2017 | |||
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Bank loans and overdrafts |
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Trade creditors |
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Corporation tax |
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Social security and other taxes |
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Other creditors |
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The bank overdraft and bank loan is secured by a fixed and floating charge over the assets of the company. The overdraft is also personally guaranteed by the directors for £60,000. The hire purchase liabilities are secured over the assets to which they relate.
9.
Creditors: amounts falling due after more than one year
2018 | 2017 | |||
£ | £ | |||
Bank loans and overdrafts |
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Other creditors |
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The bank overdraft and bank loan is secured by a fixed and floating charge over the assets of the company. The overdraft is also personally guaranteed by the directors for £60,000. The hire purchase liabilities are secured over the assets to which they relate.