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REGISTERED NUMBER:
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SHOECARE (CARDIFF) LIMITED |
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 30 APRIL 2018 |
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REGISTERED NUMBER:
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SHOECARE (CARDIFF) LIMITED |
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 30 APRIL 2018 |
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SHOECARE (CARDIFF) LIMITED (REGISTERED NUMBER: 03998928) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 APRIL 2018 |
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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 | 3 |
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SHOECARE (CARDIFF) LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 30 APRIL 2018 |
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DIRECTOR: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
Elfed House |
Oak Tree Court |
Cardiff Gate Business Park |
CARDIFF |
County of Cardiff |
CF23 8RS |
SHOECARE (CARDIFF) LIMITED (REGISTERED NUMBER: 03998928) |
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BALANCE SHEET |
30 APRIL 2018 |
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2018 | 2017 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Stocks |
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Debtors | 5 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 6 | ( |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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PROVISIONS FOR LIABILITIES | ( |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 8 |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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The director acknowledges his responsibilities for: |
(a) |
ensuring that the company keeps 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 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. |
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In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered. |
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The financial statements were approved for issue by the director on
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SHOECARE (CARDIFF) LIMITED (REGISTERED NUMBER: 03998928) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 APRIL 2018 |
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1. | STATUTORY INFORMATION |
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Shoecare (Cardiff) Limited is a
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company's registered number and registered office address can be found on the Company Information page. |
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The financial statements are presented in sterling which is the functional currency of the company and rounded |
to the nearest £. |
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The significant accounting policies applied in the presentation of these financial statements are set out below. |
These policies have been consistently applied to all years presented unless otherwise stated. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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There have been no material departures from FRS 102 1A small entities. |
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Turnover |
Turnover comprises the invoice value of shoe repairs and key cutting, engraving and embroidery services |
supplied by the company, exclusive of trade discounts and value added tax. |
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Tangible fixed assets |
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful |
life or, if held under a finance lease, over the lease term, whichever is the shorter. |
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Fixtures, fittings and equipment | 20% straight line |
Motor Vehicles | 25% straight line |
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The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes |
in circumstances indicate the carrying value may not be recoverable. |
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Stocks |
Stocks are valued at the lower of cost and estimated selling price less cost to sell. Cost comprises expenditure |
incurred in the normal course of business in bringing stocks to their present location and condition. Full provision |
is made for obsolete and slow moving items. |
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Taxation |
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the year |
and is calculated using the tax rates and laws that have been enacted or substantively enacted at the balance |
sheet date. |
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Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
balance sheet date where transactions or events have occurred at that date that will result in an obligation to |
pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences |
between the company's taxable profits and its results as stated in the financial statements. |
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Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods |
in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or |
substantively enacted by the balance sheet date. |
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Hire purchase and leasing commitments |
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those |
held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance |
leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
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The interest element of these obligations is charged to the profit and loss account over the relevant period. The |
capital element of the future payments is treated as a liability. |
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Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the |
period of the lease. |
SHOECARE (CARDIFF) LIMITED (REGISTERED NUMBER: 03998928) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 APRIL 2018 |
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2. | ACCOUNTING POLICIES - continued |
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Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's |
pension scheme are charged to profit or loss in the period to which they relate. |
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Non-derivative financial instruments |
Basic financial instruments are recognised at amortised cost. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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4. | TANGIBLE FIXED ASSETS |
Fixtures |
and | Motor |
fittings | vehicles | Totals |
£ | £ | £ |
COST |
At 1 May 2017 |
and 30 April 2018 |
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DEPRECIATION |
At 1 May 2017 |
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Charge for year |
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At 30 April 2018 |
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NET BOOK VALUE |
At 30 April 2018 |
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At 30 April 2017 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Other debtors |
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Prepayments |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Amounts owed to connected parties |
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Hire purchase contracts |
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Trade creditors |
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Corporation tax |
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Social security and other taxes |
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VAT |
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Wages and salaries control |
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Pension creditor |
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Accrued expenses |
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SHOECARE (CARDIFF) LIMITED (REGISTERED NUMBER: 03998928) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 APRIL 2018 |
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7. | SECURED DEBTS |
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The following secured debts are included within creditors: |
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2018 | 2017 |
£ | £ |
Hire purchase contracts | - | 428 |
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Hire purchase contracts are secured on the asset that they relate. |
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8. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2018 | 2017 |
value: | £ | £ |
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Ordinary Shares | £1 |
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9. | OTHER FINANCIAL COMMITMENTS |
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The following operating lease payments are committed to be paid in: |
2018 | 2017 |
£ | £ |
Less than 1 year | 36,300 | 30,238 |
1 to 5 years | 139,700 | 101,200 |
More than 5 years | 70,800 | 96,100 |
246,800 | 227,538 |