|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
WILLIAM COLE LIMITED |
|
UNAUDITED FINANCIAL STATEMENTS |
|
FOR THE YEAR ENDED 31 MAY 2017 |
|
|
|
|
|
|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
WILLIAM COLE LIMITED |
|
UNAUDITED FINANCIAL STATEMENTS |
|
FOR THE YEAR ENDED 31 MAY 2017 |
|
|
|
|
|
WILLIAM COLE LIMITED (REGISTERED NUMBER: 02965839) |
|
|
|
|
|
|
CONTENTS OF THE FINANCIAL STATEMENTS |
for the year ended 31 May 2017 |
|
|
|
|
Page |
|
Company Information | 1 |
|
Balance Sheet | 2 |
|
Notes to the Financial Statements | 3 |
|
WILLIAM COLE LIMITED |
|
COMPANY INFORMATION |
for the year ended 31 May 2017 |
|
|
|
|
|
|
|
DIRECTORS: |
|
|
|
|
|
SECRETARY: |
|
|
|
|
REGISTERED OFFICE: |
|
|
|
|
|
|
|
|
REGISTERED NUMBER: |
|
|
|
|
ACCOUNTANT: |
|
Chartered Accountant |
Malvern |
|
|
|
BANKERS: |
|
RBS Commercial Banking |
Princess Street |
Wolverhampton |
WV1 9UP |
WILLIAM COLE LIMITED (REGISTERED NUMBER: 02965839) |
|
BALANCE SHEET |
31 May 2017 |
|
31.5.17 | 31.5.16 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
|
|
|
CURRENT ASSETS |
Stocks |
|
|
Debtors | 5 |
|
|
Cash at bank and in hand |
|
|
|
|
CREDITORS |
Amounts falling due within one year | 6 |
|
|
NET CURRENT ASSETS |
|
|
TOTAL ASSETS LESS CURRENT
LIABILITIES |
|
|
|
CREDITORS |
Amounts falling due after more than
one year |
7 |
|
|
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. |
|
|
|
In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
|
The financial statements were approved by the Board of Directors on
its behalf by: |
|
|
|
|
|
WILLIAM COLE LIMITED (REGISTERED NUMBER: 02965839) |
|
NOTES TO THE FINANCIAL STATEMENTS |
for the year ended 31 May 2017 |
|
1. | STATUTORY INFORMATION |
|
William Cole Limited is a private company, limited by shares, number 02965839, registered in |
England and Wales. Its registered office is at Level Street, Brierley Hill, West Midlands DY5 1UA. |
|
2. | ACCOUNTING POLICIES |
|
Basis of preparing the financial statements |
|
|
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding |
discounts, rebates, value added tax and other sales taxes. |
|
Tangible fixed assets |
|
Long leasehold | - |
|
Fixtures and fittings | - |
|
Motor vehicles | - |
|
Computer equipment | - |
|
|
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for |
obsolete and slow moving items. |
|
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss |
Account, except to the extent that it relates to items recognised in other comprehensive income or |
directly in equity. |
|
Current tax is recognised at the amount of tax payable using the tax rates and laws that that have |
been enacted or substantively enacted by the balance sheet date. |
|
Deferred tax is recognised in respect of all timing differences that have originated but not reversed |
at the balance sheet date. |
|
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. |
|
3. | EMPLOYEES AND DIRECTORS |
|
The average number of employees during the year was
|
WILLIAM COLE LIMITED (REGISTERED NUMBER: 02965839) |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 31 May 2017 |
|
4. | TANGIBLE FIXED ASSETS |
Fixtures |
Long | and | Motor | Computer |
leasehold | fittings | vehicles | equipment | Totals |
£ | £ | £ | £ | £ |
COST |
At 1 June 2016 |
and 31 May 2017 |
|
|
|
|
|
DEPRECIATION |
At 1 June 2016 |
|
|
|
|
|
Charge for year |
|
|
|
|
|
At 31 May 2017 |
|
|
|
|
|
NET BOOK VALUE |
At 31 May 2017 |
|
|
|
|
|
At 31 May 2016 |
|
|
|
|
|
|
|
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.5.17 | 31.5.16 |
£ | £ |
Trade debtors |
|
|
Other debtors |
|
|
Prepayments and accrued income |
|
|
|
|
|
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.5.17 | 31.5.16 |
£ | £ |
Trade creditors |
|
|
Social security and other taxes |
|
|
Other creditors |
|
|
Accruals and deferred income |
|
|
|
|
|
7. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
|
31.5.17 | 31.5.16 |
£ | £ |
Other loan |
|
731,490 |
|
The other loan is due to the
William Cole Family Trust
and is unsecured, interest free and is
repayable on not less than one year's notice. Under FR S102 it is stated at a value to reflect an appropriate discount rate for the interest foregone. |