Company Registration No. 01386111 (England and Wales)
Walkers of Ashbourne Limited
Unaudited accounts
for the year ended 31 March 2017
Walkers of Ashbourne Limited
Unaudited accounts
Contents
Walkers of Ashbourne Limited
Company Information
for the year ended 31 March 2017
Company Number
01386111 (England and Wales)
Registered Office
Moor End Garage
Bradley
Ashbourne
Derbyshire
DE6 1LQ
United Kingdom
Accountants
Richard Pilmore t/as RLTP
114 Wood Road
Derby
DE21 4LZ
Walkers of Ashbourne Limited
Statement of financial position
as at
31 March 2017
Tangible assets
565,020
707,509
Inventories
54,060
25,188
Cash at bank and in hand
132,770
133,254
Creditors: amounts falling due within one year
(786,967)
(876,820)
Net current liabilities
(382,214)
(434,440)
Total assets less current liabilities
182,806
273,069
Creditors: amounts falling due after more than one year
(150,264)
(214,428)
Called up share capital
2
2
Profit and loss account
32,540
58,639
Shareholders' funds
32,542
58,641
For the year ending 31 March 2017 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 30 September 2017.
Mr Kevin Walker
Director
Company Registration No. 01386111
Walkers of Ashbourne Limited
Notes to the Accounts
for the year ended 31 March 2017
Walkers of Ashbourne Limited is a private company, limited by shares, registered in England and Wales, registration number 01386111. The registered office is Moor End Garage, Bradley, Ashbourne, Derbyshire, DE6 1LQ, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 March 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 2015.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Walkers of Ashbourne Limited
Notes to the Accounts
for the year ended 31 March 2017
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2016
190,146
840,833
26,011
1,056,990
Additions
64,290
74,020
9,700
148,010
Disposals
(62,820)
(211,407)
-
(274,227)
At 31 March 2017
191,616
703,446
35,711
930,773
At 1 April 2016
39,331
301,161
8,989
349,481
Charge for the year
16,693
92,478
4,008
113,179
On disposals
(7,199)
(89,708)
-
(96,907)
At 31 March 2017
48,825
303,931
12,997
365,753
At 31 March 2017
142,791
399,515
22,714
565,020
At 31 March 2016
150,815
539,672
17,022
707,509
Work in progress
39,257
6,347
Finished goods
14,803
18,841
Trade debtors
211,062
275,766
Accrued income and prepayments
6,861
8,172
7
Creditors: amounts falling due within one year
2017
2016
Bank loans and overdrafts
113,962
95,781
Obligations under finance leases and hire purchase contracts
61,176
118,453
Trade creditors
55,345
62,940
Taxes and social security
31,763
41,769
Other creditors
135,954
125,049
Loans from directors
387,767
431,328
Walkers of Ashbourne Limited
Notes to the Accounts
for the year ended 31 March 2017
8
Creditors: amounts falling due after more than one year
2017
2016
Obligations under finance leases and hire purchase contracts
122,685
162,546
Other creditors
27,579
51,882
9
Share capital
2017
2016
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
10
Average number of employees
During the year the average number of employees was 20 (2016: 23).