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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 30 APRIL 2017 |
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R T JULIAN & SON LIMITED |
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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 30 APRIL 2017 |
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FOR |
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R T JULIAN & SON LIMITED |
R T JULIAN & SON LIMITED (REGISTERED NUMBER: 04216674) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 APRIL 2017 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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R T JULIAN & SON LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 30 APRIL 2017 |
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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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The Old Carriage Works |
Moresk Road |
TRURO |
Cornwall |
TR1 1DG |
R T JULIAN & SON LIMITED (REGISTERED NUMBER: 04216674) |
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BALANCE SHEET |
30 APRIL 2017 |
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2017 | 2016 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
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 ASSETS/(LIABILITIES) |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
7 |
( |
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( |
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PROVISIONS FOR LIABILITIES | ( |
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NET LIABILITIES | ( |
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CAPITAL AND RESERVES |
Called up share capital |
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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. |
R T JULIAN & SON LIMITED (REGISTERED NUMBER: 04216674) |
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BALANCE SHEET - continued |
30 APRIL 2017 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the director on
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R T JULIAN & SON LIMITED (REGISTERED NUMBER: 04216674) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 APRIL 2017 |
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1. | STATUTORY INFORMATION |
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R T Julian & Son 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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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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The accounts are prepared on the going concern basis. |
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The company has net liabilities of £103,298 at 30 April 2017. (2016: £61,399.) The company has invested |
heavily in recent years in various projects which have begun to generate significant profits and cashflows. The |
company has successfully re-financed it's liabilities in the period which have significantly increased the |
company's net current asset position. |
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The company retains the support of it's significant creditors, including the director, and in the opinion of the |
director, the company will be able to satisfy all liabilities as they fall due within the next 12 months. |
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Turnover |
Turnover represents net invoiced sales of good and services excluding value added tax. |
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Tangible fixed assets |
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Land and buildings | - |
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Plant and machinery etc | - |
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Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to |
the extent that it relates to items recognised in other comprehensive income or directly in equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or |
substantively enacted by the balance sheet date. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
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Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from |
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that |
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the |
timing difference. |
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Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they |
will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
R T JULIAN & SON LIMITED (REGISTERED NUMBER: 04216674) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 APRIL 2017 |
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2. | ACCOUNTING POLICIES - continued |
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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 profit or loss over the relevant period. The capital element |
of the future payments is treated as a liability. |
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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, |
fittings |
Short | Plant and | and |
leasehold | machinery | equipment | Totals |
£ | £ | £ | £ |
COST |
At 1 May 2016 |
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Additions |
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At 30 April 2017 |
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DEPRECIATION |
At 1 May 2016 |
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Charge for year |
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At 30 April 2017 |
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NET BOOK VALUE |
At 30 April 2017 | 2,450,860 | 247,676 | 36,805 | 2,735,341 |
At 30 April 2016 | 1,948,879 | 276,388 | 44,305 | 2,269,572 |
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Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
Short | Plant and |
leasehold | machinery | Totals |
£ | £ | £ |
COST |
At 1 May 2016 |
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Transfer to ownership | ( |
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At 30 April 2017 |
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DEPRECIATION |
At 1 May 2016 |
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Transfer to ownership | ( |
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At 30 April 2017 |
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NET BOOK VALUE |
At 30 April 2017 | - | - | - |
At 30 April 2016 | 1,193,727 | 85,777 | 1,279,504 |
R T JULIAN & SON LIMITED (REGISTERED NUMBER: 04216674) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 APRIL 2017 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Trade debtors |
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Amounts owed by group undertakings |
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Other debtors |
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Directors' current accounts | 31,317 | - |
VAT |
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Prepayments |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Other loans |
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Hire purchase contracts |
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Trade creditors |
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Amounts owed to group undertakings |
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Tax |
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Social security and other taxes |
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VAT | - | 24,973 |
Other creditors |
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Directors' current accounts | - | 179,758 |
Deferred income |
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Accrued expenses |
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7. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
2017 | 2016 |
£ | £ |
Other loans - 1-2 years | 92,682 | - |
Other loans - 2-5 years |
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Other loans - 5 years+ |
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Hire purchase contracts |
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Amounts owed to group undertakings |
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Amounts falling due in more than five years: |
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Repayable by instalments |
Other loans - 5 years+ | 2,614,382 | - |
R T JULIAN & SON LIMITED (REGISTERED NUMBER: 04216674) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 APRIL 2017 |
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8. | SECURED DEBTS |
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The following secured debts are included within creditors: |
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2017 | 2016 |
£ | £ |
Other loans |
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Hire purchase contracts | - | 734,503 |
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The director has provided personal security against the secured debts of the company. |
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9. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
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The following advances and credits to a director subsisted during the years ended 30 April 2017 and |
30 April 2016: |
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2017 | 2016 |
£ | £ |
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Balance outstanding at start of year |
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Amounts advanced |
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Amounts repaid |
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Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
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10. | RELATED PARTY DISCLOSURES |
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The director introduced funds of £14,921 and withdrew funds of £225,226. At 30 April 2017, the director owed |
the company £31,317. (2016: The company owed the director £179,758.) |
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Loans to the company by the director are subject to interest and are repayable on demand. |
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Loans advanced to the director from the company are subject to interest and repayable on demand. |
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11. | ULTIMATE CONTROLLING PARTY |
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The controlling party is R T Julian & Son (Holdings) Limited. |
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The ultimate controlling party is
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