Company Registration No. 01386111 (England and Wales)
Walkers of Ashbourne Limited
Unaudited accounts
for the year ended 31 March 2020
Walkers of Ashbourne Limited
Unaudited accounts
Contents
Walkers of Ashbourne Limited
Company Information
for the year ended 31 March 2020
Company Number
01386111 (England and Wales)
Registered Office
Moor End Garage
Bradley
Ashbourne
Derbyshire
DE6 1LQ
United Kingdom
Accountants
RLTP Limited
114 Wood Road
Derby
DE21 4LZ
Walkers of Ashbourne Limited
Statement of financial position
as at
31 March 2020
Tangible assets
271,009
500,151
Inventories
24,368
56,391
Cash at bank and in hand
148,028
147,851
Creditors: amounts falling due within one year
(607,752)
(941,333)
Net current liabilities
(345,039)
(468,297)
Total assets less current liabilities
(74,030)
31,854
Creditors: amounts falling due after more than one year
(5,081)
(62,001)
Net liabilities
(79,111)
(30,147)
Called up share capital
2
2
Profit and loss account
(79,113)
(30,149)
Shareholders' funds
(79,111)
(30,147)
For the year ending 31 March 2020 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.
The financial statements were approved by the Board and authorised for issue on 10 June 2020 and were signed on its behalf by
Mr Kevin Walker
Director
Company Registration No. 01386111
Walkers of Ashbourne Limited
Notes to the Accounts
for the year ended 31 March 2020
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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 2020
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2019
223,586
682,870
59,426
965,882
Additions
-
34,684
-
34,684
Disposals
(69,790)
(287,745)
-
(357,535)
At 31 March 2020
153,796
429,809
59,426
643,031
At 1 April 2019
80,565
363,205
21,961
465,731
Charge for the year
11,519
47,129
5,616
64,264
On disposals
(16,172)
(141,801)
-
(157,973)
At 31 March 2020
75,912
268,533
27,577
372,022
At 31 March 2020
77,884
161,276
31,849
271,009
At 31 March 2019
143,021
319,665
37,465
500,151
Work in progress
15,048
42,190
Finished goods
9,320
14,201
Trade debtors
89,176
263,828
Accrued income and prepayments
1,141
4,966
7
Creditors: amounts falling due within one year
2020
2019
Bank loans and overdrafts
56,823
197,357
Obligations under finance leases and hire purchase contracts
16,931
36,524
Trade creditors
28,150
76,932
Taxes and social security
8,690
30,258
Other creditors
68,167
86,146
Loans from directors
428,191
513,116
Walkers of Ashbourne Limited
Notes to the Accounts
for the year ended 31 March 2020
8
Creditors: amounts falling due after more than one year
2020
2019
Obligations under finance leases and hire purchase contracts
5,081
36,968
9
Share capital
2020
2019
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 9 (2019: 16).