Registered number: 02965839 | ||||||||
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FOR THE YEAR ENDED 31 MAY 2019 | ||||||||
Prepared By: | ||||||||
Paul Clixby Chartered Accountant | ||||||||
27 Hornyold Road | ||||||||
Malvern | ||||||||
WR14 1QQ |
William Cole Limited | ||||||||
ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31 MAY 2019 | ||||||||
DIRECTORS | ||||||||
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SECRETARY | ||||||||
W S Cole | ||||||||
REGISTERED OFFICE | ||||||||
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West Midlands | ||||||||
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COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number 02965839 | ||||||||
BANKERS | ||||||||
Royal Bank of Scotland | ||||||||
ACCOUNTANTS | ||||||||
Paul Clixby Chartered Accountant | ||||||||
27 Hornyold Road | ||||||||
Malvern | ||||||||
WR14 1QQ |
William Cole Limited | ||||||||
ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31 MAY 2019 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Directors' Report | - | |||||||
Accountants' Report | - | |||||||
Statement Of Comprehensive Income | - | |||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
The following do not form part of the statutory financial statements: | ||||||||
Trading And Profit And Loss Account | - | |||||||
Profit And Loss Account Summaries | - |
William Cole Limited | ||||||||
BALANCE SHEET AT
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2019 | 2018 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 2 |
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CURRENT ASSETS | ||||||||||
Stock |
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Debtors | 3 |
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Cash at bank and in hand |
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97,728 | 878,480 | |||||||||
CREDITORS: Amounts falling due within one year | 4 |
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NET CURRENT ASSETS |
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162,526 | ||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES |
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CREDITORS: Amounts falling due after more than one year | 5 | 731,490 | 731,490 | |||||||
NET ASSETS |
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CAPITAL AND RESERVES | ||||||||||
Called up share capital |
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Profit and loss account | (46,743) | 59,387 | ||||||||
SHAREHOLDERS' FUNDS |
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Approved by the board on
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............................. | ||||||||||
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Director | ||||||||||
William Cole Limited | ||||||||
NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 31 MAY 2019 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . |
1b. Depreciation | ||||||||
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Long Leasehold Properties | straight line 2% |
1c. Stocks |
1d. Pension Costs |
1e. Turnover | ||||||||
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
2. TANGIBLE FIXED ASSETS | ||||||
Land And | Plant and | |||||
Buildings | Machinery Etc. | Total | ||||
£ | £ | £ | ||||
Cost | ||||||
At 1 June 2018 | 1,236,876 | 418,201 | 1,655,077 | |||
Disposals | - | (408,350) | (408,350) | |||
At 31 May 2019 | 1,236,876 | 9,851 | 1,246,727 | |||
Depreciation | ||||||
At 1 June 2018 | 508,525 | 418,201 | 926,726 | |||
Disposals | - | (408,350) | (408,350) | |||
For the year | 24,738 | - | 24,738 | |||
At 31 May 2019 | 533,263 | 9,851 | 543,114 | |||
Net Book Amounts | ||||||
At 31 May 2019 | 703,613 | - | 703,613 | |||
At 31 May 2018 | 728,351 | - | 728,351 | |||
William Cole Limited | ||||||||
3. DEBTORS | 2019 | 2018 | ||||||
£ | £ | |||||||
Amounts falling due within one year: | ||||||||
Trade debtors | - | 2,620 | ||||||
VAT | 1,184 | - | ||||||
Other debtors |
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4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2019 | 2018 | |||||||
£ | £ | |||||||
Trade creditors | 16,594 | 544,868 | ||||||
Taxation and social security | - | 82,549 | ||||||
Other creditors | - | 88,537 | ||||||
16,594 | 715,954 | |||||||
5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||||||||
2019 | 2018 | |||||||
£ | £ | |||||||
Bank loans and overdrafts | 731,490 | 731,490 | ||||||
731,490 | 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 FRS102 it is stated at a value to reflect an appropriate discount rate for the interest foregone. | ||||||||