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London Shopfitters Limited
|
Registered Number
:
03118973
|
For the year ended 31 October 2018
England and Wales
Report of the Directors and Unaudited Financial Statements
2
For the year ended 31 October 2018
London Shopfitters Limited
Contents Page
2
Directors' Report
3
Independent Accountant's Report
4
Income Statement
5
Statement of Financial Position
6
Statement of Changes in Equity
7 to 9
Notes to the Financial Statements
3
For the year ended 31 October 2018
London Shopfitters Limited
Company Information
Surjit Singh
Directors
Gurdip Singh Toot
Gurprit Singh Toot
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
Barclays Bank Plc
Bankers
1 of 9
4
For the year ended 31 October 2018
London Shopfitters Limited
Directors' Report
The directors present their report and accounts for the year ended 31 October 2018.
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:
Surjit Singh
Gurdip Singh Toot
Gurprit Singh Toot
Gurprit Singh Toot Secretary
|
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.
|
07 January 2019
2 of 9
5
For the year ended 31 October 2018
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
2018
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
07 January 2019
3 of 9
6
For the year ended 31 October 2018
London Shopfitters Limited
Income Statement
2017
2018
3,479,030
3,587,464
(2,580,297)
(2,432,145)
1,007,167
Gross profit
1,046,885
(154,349)
(136,337)
(785,817)
(750,966)
106,719
119,864
-
5,200
Operating profit
106,719
125,064
Other interest receivable and similar income
|
487
-
Interest payable and similar charges
|
(2,635)
(3,221)
104,571
121,843
Profit before taxation
(29,429)
(21,998)
75,142
Profit for the financial year
99,845
4 of 9
7
London Shopfitters Limited
Statement of Financial Position
2017
2018
Property
,
plant and equipment
|
313,336
361,914
2
313,336
361,914
186,200
269,600
3
Trade and other receivables
|
555,190
588,289
4
355,939
Cash and cash equivalents
|
536,045
1,393,934
1,097,329
Trade and other payables
:
amounts falling due within one
|
year
|
(392,228)
(568,521)
5
705,101
825,413
Net current assets
Total assets less current liabilities
|
1,138,749
1,067,015
Trade and other payables
:
amounts falling due after more
|
than one year
|
(3,408)
-
6
1,138,749
Net assets
1,063,607
9
9
1,138,738
1,063,596
2
2
1,138,749
1,063,607
Shareholders' funds
For the year ended 31 October 2018 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 2018 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 applicable to companies subject to the small companies regime.
|
These financial statements were approved and authorised for issue by the Board on 07 January 2019 and were signed by:
|
The notes form part of these financial statements
|
5 of 9
8
For the year ended 31 October 2018
London Shopfitters Limited
Statement of Changes in Equity
Share capital
Capital
|
redemption
|
reserve
|
Total
Balance at
01
November
2016
|
9
963,751
2
963,762
-
99,845
-
99,845
Profit for the year
Balance at
31
October
2017
and
01
November
|
2017
|
1,063,607
2
1,063,596
9
-
75,142
-
75,142
Profit for the year
Balance at
31
October
2018
|
9
1,138,738
2
1,138,749
6 of 9
9
For the year ended 31 October 2018
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.
|
7 of 9
10
For the year ended 31 October 2018
London Shopfitters Limited
Notes to the Financial Statements Continued
2
.
Property
,
plant and equipment
|
Motor vehicles
796,433
58,743
218,695
511,225
7,770
17,543
1,315
-
16,228
-
527,453
218,695
60,058
813,976
7,770
Provision for depreciation and impairment
|
434,519
41,243
125,545
264,347
3,384
Charge for year
66,121
2,822
23,286
39,466
547
500,640
44,065
148,831
303,813
3,931
3,839
223,640
69,864
15,993
313,336
4,386
246,878
93,150
17,500
361,914
2017
2018
269,600
186,200
4
.
Trade and other receivables
|
2017
2018
576,615
427,614
11,674
127,576
555,190
588,289
5
.
Trade and other payables
:
amounts falling due within one year
|
2017
2018
420,051
274,171
Taxation and social security
|
137,407
92,294
11,063
25,763
568,521
392,228
8 of 9
11
For the year ended 31 October 2018
London Shopfitters Limited
Notes to the Financial Statements Continued
6
.
Trade and other payables
:
amounts falling due after more than one year
|
2017
2018
-
3,408
9 of 9