Company Registration No. 3638002 (England and Wales)
TAILORED & MAT SUPPLIES LIMITED
Unaudited accounts
for the year ended 31 August 2017
TAILORED & MAT SUPPLIES LIMITED
Unaudited accounts
Contents
TAILORED & MAT SUPPLIES LIMITED
Company Information
for the year ended 31 August 2017
Company Number
3638002 (England and Wales)
Registered Office
LLOYDS BANK CHAMBERS
HIGH STREET
CREDITON
DEVON
EX17 3AH
TAILORED & MAT SUPPLIES LIMITED
Statement of financial position
as at
31 August 2017
Tangible assets
48,559
28,402
Inventories
48,375
38,040
Cash at bank and in hand
51,373
11,476
Creditors: amounts falling due within one year
(406,845)
(405,991)
Net current assets
279,659
287,387
Total assets less current liabilities
328,218
315,789
Creditors: amounts falling due after more than one year
(21,728)
(8,693)
Net assets
306,490
307,096
Called up share capital
1,000
1,000
Share premium
43,910
43,910
Profit and loss account
261,580
262,186
Shareholders' funds
306,490
307,096
For the year ending 31 August 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 16 February 2018.
T S White
Director
Company Registration No. 3638002
TAILORED & MAT SUPPLIES LIMITED
Notes to the Accounts
for the year ended 31 August 2017
TAILORED & MAT SUPPLIES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 3638002. The registered office is LLOYDS BANK CHAMBERS, HIGH STREET, CREDITON, DEVON, EX17 3AH.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 August 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 September 2015.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance
Motor vehicles
25% reducing balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
At 1 September 2016
50,000
At 1 September 2016
50,000
TAILORED & MAT SUPPLIES LIMITED
Notes to the Accounts
for the year ended 31 August 2017
5
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At cost
At 1 September 2016
-
56,692
36,329
93,021
Additions
6,083
29,879
14,678
50,640
Disposals
-
(4,999)
(29,045)
(34,044)
At 31 August 2017
6,083
81,572
21,962
109,617
At 1 September 2016
-
44,414
20,205
64,619
Charge for the year
-
7,432
3,187
10,619
On disposals
-
-
(14,180)
(14,180)
At 31 August 2017
-
51,846
9,212
61,058
At 31 August 2017
6,083
29,726
12,750
48,559
At 31 August 2016
-
12,278
16,124
28,402
Raw materials
38,997
28,064
Work in progress
9,378
9,976
Trade debtors
343,129
304,591
Amounts due from group undertakings etc.
241,444
339,121
8
Creditors: amounts falling due within one year
2017
2016
Obligations under finance leases and hire purchase contracts
10,362
5,608
Trade creditors
269,431
314,702
Taxes and social security
122,944
82,257
Loans from directors
274
4
9
Creditors: amounts falling due after more than one year
2017
2016
Obligations under finance leases and hire purchase contracts
21,728
8,693
TAILORED & MAT SUPPLIES LIMITED
Notes to the Accounts
for the year ended 31 August 2017
10
Average number of employees
During the year the average number of employees was 36 (2016: 35).