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Unaudited Financial Statements for the Year Ended 31 May 2018 |
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Armitage Clegg & Co Limited |
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REGISTERED NUMBER:
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Unaudited Financial Statements for the Year Ended 31 May 2018 |
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for |
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Armitage Clegg & Co Limited |
Armitage Clegg & Co Limited (Registered number: 00882809) |
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Contents of the Financial Statements |
for the Year Ended 31 May 2018 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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Armitage Clegg & Co Limited |
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Company Information |
for the Year Ended 31 May 2018 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Horley Green House |
Horley Green Road |
Claremount |
Halifax |
West Yorkshire |
HX3 6AS |
Armitage Clegg & Co Limited (Registered number: 00882809) |
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Balance Sheet |
31 May 2018 |
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31.5.18 | 31.5.17 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Stocks | 5 |
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Debtors | 6 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 7 |
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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 | 8 | ( |
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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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Share premium |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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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 |
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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. |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors on
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Armitage Clegg & Co Limited (Registered number: 00882809) |
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Notes to the Financial Statements |
for the Year Ended 31 May 2018 |
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1. | STATUTORY INFORMATION |
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Armitage Clegg & Co Limited is a
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registered number and registered office address can be found on the Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover represents the net amount receivable for goods supplied and services provided, excluding value added tax, except |
in respect of service contracts where turnover is recognised when the company obtains the right to consideration. |
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Tangible fixed assets |
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Plant and Machinery | - |
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Fixtures and Fittings | - |
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Motor Vehicles | - |
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Computer Equipment | - |
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Stocks |
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete |
and slow moving items. |
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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. |
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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
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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. |
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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. |
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Pension costs and other post-retirement benefits |
Pensions contributions are charged to the profit and loss account in the year in which they arise. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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Armitage Clegg & Co Limited (Registered number: 00882809) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 May 2018 |
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4. | TANGIBLE FIXED ASSETS |
Fixtures |
Plant and | and | Motor | Computer |
Machinery | Fittings | Vehicles | Equipment | Totals |
£ | £ | £ | £ | £ |
COST |
At 1 June 2017 |
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Additions |
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At 31 May 2018 |
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DEPRECIATION |
At 1 June 2017 |
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Charge for year |
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At 31 May 2018 |
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NET BOOK VALUE |
At 31 May 2018 |
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At 31 May 2017 |
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Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
Motor |
Vehicles |
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COST |
At 1 June 2017 |
and 31 May 2018 |
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DEPRECIATION |
At 1 June 2017 |
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Charge for year |
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At 31 May 2018 |
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NET BOOK VALUE |
At 31 May 2018 |
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At 31 May 2017 |
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5. | STOCKS |
31.5.18 | 31.5.17 |
£ | £ |
Stock |
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Work in Progress |
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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.5.18 | 31.5.17 |
£ | £ |
Trade Debtors |
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Other debtors |
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Prepayments and Accrued Income |
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Armitage Clegg & Co Limited (Registered number: 00882809) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 May 2018 |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.5.18 | 31.5.17 |
£ | £ |
Bank loans and overdrafts |
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Hire purchase contracts |
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Trade Creditors |
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Tax |
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Social security and other taxes |
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VAT | 13,239 | 18,862 |
Other creditors |
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Directors' loan accounts | 9,172 | 8,092 |
Accruals |
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8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
31.5.18 | 31.5.17 |
£ | £ |
Hire purchase contracts |
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9. | RELATED PARTY DISCLOSURES |
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During the year, total dividends of £30,072,018 were paid to the directors . |
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The company is controlled by the company director. |