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London Shopfitters Limited
|
Registered Number
:
03118973
|
For the year ended 31 October 2016
England and Wales
Report of the Director and Unaudited Financial Statements
2
For the year ended 31 October 2016
London Shopfitters Limited
Contents Page
2
Director's Report
3
Independent Accountant's Report
4
Income Statement
5
Statement of Financial Position
6 to 7
Notes to the Financial Statements
8 to 9
Trading and Profit and Loss Account
3
For the year ended 31 October 2016
London Shopfitters Limited
Company Information
Mr Gurdip Singh Toot
Director
Mr Gurprit Singh Toot
Company Secretary
03118973
Unit 6, Blackwater Close
Marsh Way
Rainham
Essex
RM13 8UA
London Accountancy Limited
Accountant
International Accountants
41 Highwood Gardens
Ilford
Essex
IG5 0AZ
HSBC Bank Plc
Bankers
1 of 7
4
For the year ended 31 October 2016
London Shopfitters Limited
Director's Report
The director presents his report and accounts for the year ended 31 October 2016.
The principal activity of the company continued to be that of manufacturing shopfronts, shutters and security grills.
Director
The director who served the company throughout the year was as follows:
Mr Gurdip Singh Toot
Signed on behalf of the board of directors
This report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.
|
17 March 2017
2 of 7
5
For the year ended 31 October 2016
London Shopfitters Limited
Independent Accountant's Report
As described on the Statement of Financial Position you are responsible for the preparation of the financial statements
|
for the year ended
31
October
2016
and you consider that the company is exempt from an audit under the Companies
|
Act
2006
.
In accordance with your instructions
,
we have compiled these unaudited financial statements in order to
|
assist you to fulfil your statutory responsibilities
,
from the accounting records and information and explanations
|
supplied to us
.
|
London Accountancy Limited
International Accountants
41 Highwood Gardens
Ilford
Essex
IG5 0AZ
17 March 2017
3 of 7
6
For the year ended 31 October 2016
London Shopfitters Limited
Income Statement
2015
2016
2,986,568
2,703,901
(1,810,159)
(2,023,721)
893,742
Gross profit
962,847
(116,882)
(130,326)
(581,288)
(495,922)
(698,170)
(626,248)
7,200
6,742
Operating profit
271,877
274,236
Other interest receivable and similar income
|
333
695
Interest payable and similar charges
|
(3,544)
(2,651)
268,666
272,280
Profit before taxation
(32,252)
(40,475)
236,414
Profit for the financial year
231,805
4 of 7
7
London Shopfitters Limited
Statement of Financial Position
2015
2016
Property
,
plant and equipment
|
361,424
246,640
2
361,424
246,640
97,300
157,700
Trade and other receivables
|
379,453
678,674
3
357,702
Cash and cash equivalents
|
271,937
1,108,311
834,455
Trade and other payables
:
amounts falling due within one
|
year
|
(324,378)
(484,552)
4
510,077
623,759
Net current assets
Total assets less current liabilities
|
985,183
756,717
Trade and other payables
:
amounts falling due after more
|
than one year
|
(29,369)
(21,421)
5
963,762
Net assets
727,348
9
9
963,751
727,337
2
2
963,762
727,348
Shareholders' funds
For the year ended 31 October 2016 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 of its financial statements for the year ended 31 October 2016 in accordance with Section 476 of the Companies Act 2006
|
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
|
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
.
|
The financial statements have been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.
|
These financial statements were approved and authorised for issue by the Board on 17 March 2017 and were signed by:
|
The notes form part of these financial statements
|
5 of 7
8
For the year ended 31 October 2016
London Shopfitters Limited
Notes to the Financial Statements
Statutory Information
London Shopfitters Limited is a private limited company
,
limited by shares
,
domiciled in England and Wales
,
|
registration number
03118973
.
|
Unit 6, Blackwater Close
Marsh Way
Rainham
Essex
RM13 8UA
The presentation currency is £ sterling
.
|
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section
1
A of Financial
|
Reporting Standard
102
'
The Financial Reporting Standard applicable in the UK and Republic of Ireland
'
and the
|
Companies Act
2006
.
The financial statements have been prepared under the historical costs convention as
|
modified by the revaluation of certain assets
.
|
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
|
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
|
Land and buildings
Plant and machinery
Motor vehicles
Fixtures and fittings
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
|
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term. The finance element of the rental payment is charged to the profit and loss account on a straight line basis.
|
6 of 7
9
For the year ended 31 October 2016
London Shopfitters Limited
Notes to the Financial Statements Continued
2
.
Property
,
plant and equipment
|
Motor vehicles
536,244
42,571
156,610
334,767
2,296
198,434
-
57,855
135,105
5,474
-
(17,000)
-
-
(17,000)
469,872
197,465
42,571
717,678
7,770
Provision for depreciation and impairment
|
289,604
37,374
73,118
176,822
2,290
Charge for year
79,612
780
34,327
43,958
547
(12,962)
-
(12,962)
-
-
356,254
38,154
94,483
220,780
2,837
4,933
249,092
102,982
4,417
361,424
6
157,945
83,492
5,197
246,640
3
.
Trade and other receivables
|
2015
2016
558,517
258,238
120,157
121,215
379,453
678,674
4
.
Trade and other payables
:
amounts falling due within one year
|
2015
2016
329,899
178,300
Taxation and social security
|
124,699
117,822
29,954
28,256
484,552
324,378
5
.
Trade and other payables
:
amounts falling due after more than one year
|
2015
2016
21,421
29,369
7 of 7