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REGISTERED NUMBER:
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Plantation Shutters Limited |
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Unaudited Financial Statements for the Year Ended 30 April 2017 |
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REGISTERED NUMBER:
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Plantation Shutters Limited |
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Unaudited Financial Statements for the Year Ended 30 April 2017 |
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Plantation Shutters Limited (Registered number: 03070306) |
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Contents of the Financial Statements |
for the Year Ended 30 April 2017 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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Plantation Shutters Limited |
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Company Information |
for the Year Ended 30 April 2017 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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3 Southernhay West |
Exeter |
Devon |
EX1 1JG |
Plantation Shutters Limited (Registered number: 03070306) |
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Balance Sheet |
30 April 2017 |
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2017 | 2016 |
Notes | £ | £ |
FIXED ASSETS |
Intangible assets | 5 |
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Tangible assets | 6 |
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CURRENT ASSETS |
Stocks | 7 |
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Debtors | 8 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 9 | ( |
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NET CURRENT ASSETS/(LIABILITIES) |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital | 10 |
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Retained earnings |
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The directors acknowledge their responsibilities for: |
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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. |
Plantation Shutters Limited (Registered number: 03070306) |
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Balance Sheet - continued |
30 April 2017 |
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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
behalf by: |
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Plantation Shutters Limited (Registered number: 03070306) |
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Notes to the Financial Statements |
for the Year Ended 30 April 2017 |
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1. | STATUTORY INFORMATION |
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Plantation Shutters Limited is a
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Wales. The company's registered number and registered office address can be found on the |
Company Information page. |
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2. | STATEMENT OF COMPLIANCE |
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3. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding |
discounts, rebates, value added tax and other sales taxes. |
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Goodwill |
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Tangible fixed assets |
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Plant and machinery etc | - |
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Stocks |
Stocks 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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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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4. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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Plantation Shutters Limited (Registered number: 03070306) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 April 2017 |
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5. | INTANGIBLE FIXED ASSETS |
Goodwill |
£ |
COST |
At 1 May 2016 |
and 30 April 2017 |
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AMORTISATION |
At 1 May 2016 |
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Amortisation for year |
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At 30 April 2017 |
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NET BOOK VALUE |
At 30 April 2017 |
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At 30 April 2016 |
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6. | TANGIBLE FIXED ASSETS |
Fixtures |
and | Motor | Computer |
fittings | vehicles | equipment | Totals |
£ | £ | £ | £ |
COST |
At 1 May 2016 |
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Additions |
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At 30 April 2017 |
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DEPRECIATION |
At 1 May 2016 |
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Charge for year |
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At 30 April 2017 |
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NET BOOK VALUE |
At 30 April 2017 |
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At 30 April 2016 |
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7. | STOCKS |
2017 | 2016 |
£ | £ |
Stocks |
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8. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Other debtors |
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Prepayments |
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Plantation Shutters Limited (Registered number: 03070306) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 April 2017 |
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9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Trade creditors |
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Wages control | 650 | 2,849 |
Tax |
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Social security and other taxes |
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VAT | 85,782 | 71,361 |
Other creditors |
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Directors' current accounts | 154 | 368,423 |
Accrued expenses |
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10. | CALLED UP SHARE CAPITAL |
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Class of share: | Nominal value | Shares issued |
£ |
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Ordinary A Shares | 1.50 | 150 |
Ordinary B Shares | 0.10 | 10 |
Ordinary C Shares | 0.10 | 10 |
Ordinary D Shares | 0.10 | 10 |
Ordinary E Shares | 0.10 | 10 |
Ordinary F Shares | 0.10 | 10 |
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11. | RELATED PARTY DISCLOSURES |
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During the year the company entered into transactions for the purchase and return of stock |
amounting to £1,444,000 (2015: £1,507,455) with Shuttercraft Limited, a company in which the |
directors have a material interest .Included in trade creditors is an amount of £139,741 (2015: |
£199,781) due to shuttercraft. |
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12. | FIRST YEAR ADOPTION |
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There were no changes to accounting policies or adjustments to comparative figures, as a result of |
the transition to FRS102. |
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