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London Shopfitters Limited
|
Registered Number
:
03118973
|
For the year ended 31 October 2017
England and Wales
Report of the Directors and Unaudited Financial Statements
2
For the year ended 31 October 2017
London Shopfitters Limited
Contents Page
2
Directors' Report
3
Independent Accountant's Report
4
Income Statement
5
Statement of Financial Position
6 to 8
Notes to the Financial Statements
9 to 10
Trading and Profit and Loss Account
3
For the year ended 31 October 2017
London Shopfitters Limited
Company Information
Mr Gurdip Singh Toot
Director
Surjit Singh (appointed on 1 March 2017)
Gurprit Singh Toot (appointed on 1 March 2017)
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 8
4
For the year ended 31 October 2017
London Shopfitters Limited
Directors' Report
The directors present their report and accounts for the year ended 31 October 2017.
The principal activity of the company continued to be that of manufacturing shopfronts, shutters and security grills.
Directors
The directors who served the company throughout the year were as follows:
Mr Gurdip Singh Toot
Surjit Singh (appointed on 01/03/2017)
Gurprit Singh Toot (appointed on 01/03/2017)
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.
|
12 February 2018
2 of 8
5
For the year ended 31 October 2017
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
2017
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
12 February 2018
3 of 8
6
For the year ended 31 October 2017
London Shopfitters Limited
Income Statement
2016
2017
3,587,464
2,986,568
(2,023,721)
(2,580,297)
962,847
Gross profit
1,007,167
(136,337)
(116,882)
(750,966)
(581,288)
(887,303)
(698,170)
5,200
7,200
Operating profit
125,064
271,877
Other interest receivable and similar income
|
-
333
Interest payable and similar charges
|
(3,221)
(3,544)
121,843
268,666
Profit before taxation
(21,998)
(32,252)
99,845
Profit for the financial year
236,414
4 of 8
7
London Shopfitters Limited
Statement of Financial Position
2016
2017
Property
,
plant and equipment
|
361,914
361,424
2
361,914
361,424
157,700
186,200
3
Trade and other receivables
|
678,674
555,190
4
271,937
Cash and cash equivalents
|
355,939
1,097,329
1,108,311
Trade and other payables
:
amounts falling due within one
|
year
|
(484,552)
(392,228)
5
623,759
705,101
Net current assets
Total assets less current liabilities
|
1,067,015
985,183
Trade and other payables
:
amounts falling due after more
|
than one year
|
(21,421)
(3,408)
6
1,063,607
Net assets
963,762
9
9
1,063,596
963,751
2
2
1,063,607
963,762
Shareholders' funds
For the year ended 31 October 2017 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 2017 in accordance with Section 476 of the Companies Act 2006
|
The directors acknowledge their 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 12 February 2018 and were signed by:
|
The notes form part of these financial statements
|
5 of 8
8
For the year ended 31 October 2017
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.
|
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable.
|
6 of 8
9
For the year ended 31 October 2017
London Shopfitters Limited
Notes to the Financial Statements Continued
2
.
Property
,
plant and equipment
|
Motor vehicles
717,678
42,571
197,465
469,872
7,770
78,755
16,172
21,230
41,353
-
511,225
218,695
58,743
796,433
7,770
Provision for depreciation and impairment
|
356,254
38,154
94,483
220,780
2,837
Charge for year
78,265
3,089
31,062
43,567
547
434,519
41,243
125,545
264,347
3,384
4,386
246,878
93,150
17,500
361,914
4,933
249,092
102,982
4,417
361,424
2016
2017
186,200
157,700
4
.
Trade and other receivables
|
2016
2017
427,614
558,517
127,576
120,157
678,674
555,190
5
.
Trade and other payables
:
amounts falling due within one year
|
2016
2017
274,171
329,899
Taxation and social security
|
92,294
124,699
25,763
29,954
392,228
484,552
7 of 8
10
For the year ended 31 October 2017
London Shopfitters Limited
Notes to the Financial Statements Continued
6
.
Trade and other payables
:
amounts falling due after more than one year
|
2016
2017
3,408
21,421
8 of 8