|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unaudited Financial Statements for the Year Ended 31 August 2017 |
|
for |
|
Concept Tooling Limited |
|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unaudited Financial Statements for the Year Ended 31 August 2017 |
|
for |
|
Concept Tooling Limited |
Concept Tooling Limited (Registered number: 04225726) |
|
|
|
|
|
|
Contents of the Financial Statements |
for the Year Ended 31 August 2017 |
|
|
|
|
Page |
|
Company Information | 1 |
|
Balance Sheet | 2 |
|
Notes to the Financial Statements | 4 |
|
Concept Tooling Limited |
|
Company Information |
for the Year Ended 31 August 2017 |
|
|
|
|
|
|
|
DIRECTORS: |
|
|
|
|
|
|
|
SECRETARY: |
|
|
|
|
|
|
REGISTERED OFFICE: |
|
|
|
|
|
|
|
|
|
REGISTERED NUMBER: |
|
|
|
|
|
|
ACCOUNTANTS: |
|
10 Manor Park |
Banbury |
Oxfordshire |
OX16 3TB |
Concept Tooling Limited (Registered number: 04225726) |
|
Balance Sheet |
31 August 2017 |
|
31.8.17 | 31.8.16 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
|
|
|
CURRENT ASSETS |
Stocks |
|
|
Debtors | 5 |
|
|
Cash at bank |
|
|
|
|
CREDITORS |
Amounts falling due within one year | 6 |
|
|
NET CURRENT ASSETS |
|
|
TOTAL ASSETS LESS CURRENT
LIABILITIES |
|
|
|
CREDITORS |
Amounts falling due after more than
one year |
7 |
( |
) |
( |
) |
|
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
|
|
|
CAPITAL AND RESERVES |
Called up share capital |
|
|
Retained earnings |
|
|
|
|
Concept Tooling Limited (Registered number: 04225726) |
|
Balance Sheet - continued |
31 August 2017 |
|
|
|
|
|
|
The directors acknowledge their 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. |
|
|
|
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
|
The financial statements were approved by the Board of Directors on
signed on its behalf by: |
|
|
|
|
|
|
|
Concept Tooling Limited (Registered number: 04225726) |
|
Notes to the Financial Statements |
for the Year Ended 31 August 2017 |
|
1. | STATUTORY INFORMATION |
|
Concept Tooling Limited is a
|
Wales. The company's registered number and registered office address can be found on |
the Company Information page. |
|
The presentation currency of the financial statements is the Pound Sterling (£). |
|
|
2. | ACCOUNTING POLICIES |
|
Basis of preparing the financial statements |
|
|
First year adoption of Financial Reporting Standard 102 ( FRS 102) Section 1A |
These financial statements for the year ended 31 August 2017 are the first that are |
prepared in accordance with FRS 102 Section 1A. The previous financial statements were |
prepared in accordance with UK GAAP, the date of transition to FRS 102 Section 1A is |
1 September 2015. |
|
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding |
discounts, rebates, value added tax and other sales taxes. |
|
Tangible fixed assets |
|
|
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance |
for obsolete and slow moving items. |
|
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. |
|
Current or deferred taxation assets and liabilities are not discounted. |
|
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. |
|
Concept Tooling Limited (Registered number: 04225726) |
|
Notes to the Financial Statements - continued |
for the Year Ended 31 August 2017 |
|
2. | ACCOUNTING POLICIES - continued |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not |
reversed at the balance sheet date. |
|
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. |
|
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. |
|
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis |
over the period of the lease. |
|
3. | EMPLOYEES AND DIRECTORS |
|
The average number of employees during the year was NIL. |
|
4. | TANGIBLE FIXED ASSETS |
Plant and | Computer |
machinery | equipment | Totals |
£ | £ | £ |
COST |
At 1 September 2016 |
and 31 August 2017 |
|
|
|
DEPRECIATION |
At 1 September 2016 |
|
|
|
Charge for year |
|
|
|
At 31 August 2017 |
|
|
|
NET BOOK VALUE |
At 31 August 2017 |
|
|
|
At 31 August 2016 |
|
|
|
|
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.8.17 | 31.8.16 |
£ | £ |
Trade debtors |
|
|
Other debtors |
|
|
|
|
Concept Tooling Limited (Registered number: 04225726) |
|
Notes to the Financial Statements - continued |
for the Year Ended 31 August 2017 |
|
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.8.17 | 31.8.16 |
£ | £ |
Bank loans and overdrafts |
|
|
Trade creditors |
|
|
Taxation and social security |
|
|
Other creditors |
|
|
|
|
|
7. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR |
31.8.17 | 31.8.16 |
£ | £ |
Bank loans |
|
|
|
8. | RELATED PARTY DISCLOSURES |
|
Included within creditors is £396 (2016: £89) owed to the directors Mr & Mrs Dorney. |
|
The following transactions took place with Concept Model Pattern & Tooling Engineers: |
Rent £16,200 (2016: £16,200), Machine costs £42,000 (2016: £42,000) and Hire of plant |
and machinery £12,000 (2016: £12,000). |
|
Included within creditors is £1,987 (2016: £0) owed to Lucidity Service (Banbury) Ltd, a |
company controlled by Mr B & Mr L Dorney. |
|
The following transactions took place with Lucidity Services (Banbury) Ltd: Subcontract |
work £50,445 (2016: £21,946). |