Registered number: 05217595 | ||||||||
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FOR THE YEAR ENDED 31/08/2017 | ||||||||
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Prepared By: | ||||||||
Marie-Anne Rose Ltd | ||||||||
Chartered Accountants |
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P.L.H.Farriers Limited | ||||||||
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ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31/08/2017 | ||||||||
DIRECTORS | ||||||||
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SECRETARY | ||||||||
Mrs L Hayden | ||||||||
REGISTERED OFFICE | ||||||||
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Dorset | ||||||||
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COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number 05217595 | ||||||||
ACCOUNTANTS | ||||||||
Marie-Anne Rose Ltd | ||||||||
Chartered Accountants |
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P.L.H.Farriers Limited | ||||||||
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ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31/08/2017 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Directors' Report | - | |||||||
Accountants' Report | - | |||||||
Statement Of Comprehensive Income | - | |||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
The following do not form part of the statutory financial statements: | ||||||||
Trading And Profit And Loss Account | - | |||||||
Profit And Loss Account Summaries | - |
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P.L.H.Farriers Limited | ||||||||
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BALANCE SHEET AT
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2017 | 2016 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 2 |
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CURRENT ASSETS | ||||||||||
Stock | 5,500 | 5,250 | ||||||||
Debtors | 4 | 3,127 | 4,226 | |||||||
Cash at bank and in hand |
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21,237 | 25,092 | |||||||||
CREDITORS: Amounts falling due within one year | 5 | 20,692 | 21,702 | |||||||
NET CURRENT ASSETS | 545 | 3,390 | ||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | 2,223 | 5,488 | ||||||||
PROVISIONS FOR LIABILITIES AND CHARGES | 7 | 272 | - | |||||||
NET ASSETS | 1,951 | 5,488 | ||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 8 | 100 | 100 | |||||||
Profit and loss account | 1,851 | 5,388 | ||||||||
SHAREHOLDERS' FUNDS |
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5,488 | ||||||||
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The directors have decided not to deliver to the registrar a copy of the company's profit and loss account. | ||||||||||
Approved by the board on
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Director | ||||||||||
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P.L.H.Farriers Limited | ||||||||
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NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 31/08/2017 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . |
1b. Depreciation | ||||||||
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Commercial Vehicles | reducing balance 25% | |||||||
Equipment | reducing balance 15% |
1c. Stocks | ||||||||
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs. | ||||||||
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs. |
1d. Taxation | ||||||||
Corporation tax payable is provided on taxable profits at the current rates. | ||||||||
Full provision is made for deferred tax assets and liabilities arising from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. |
2. TANGIBLE FIXED ASSETS | ||||||
Commercial | ||||||
Vehicles | Equipment | Total | ||||
£ | £ | £ | ||||
Cost | ||||||
At 01/09/2016 | 10,495 | 3,437 | 13,932 | |||
At 31/08/2017 | 10,495 | 3,437 | 13,932 | |||
Depreciation | ||||||
At 01/09/2016 | 9,444 | 2,390 | 11,834 | |||
For the year | 263 | 157 | 420 | |||
At 31/08/2017 | 9,707 | 2,547 | 12,254 | |||
Net Book Amounts | ||||||
At 31/08/2017 |
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At 31/08/2016 |
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P.L.H.Farriers Limited | ||||||||
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3. STOCK | 2017 | 2016 | ||||
£ | £ | |||||
Stock comprises: | ||||||
Stock |
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4. DEBTORS | 2017 | 2016 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Trade debtors | 3,127 | 4,226 | ||||||
3,127 | 4,226 | |||||||
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2017 | 2016 | |||||||
£ | £ | |||||||
UK corporation tax | 10,982 | 12,079 | ||||||
VAT | 3,167 | 3,584 | ||||||
PAYE control | 133 | 117 | ||||||
Directors current account | 5,520 | 5,027 | ||||||
Accruals | 890 | 895 | ||||||
20,692 | 21,702 | |||||||
6. EMPLOYEES | ||||||
2017 | 2016 | |||||
No. | No. | |||||
Average number of employees | 2 | 2 | ||||
7. PROVISIONS FOR LIABILITIES | 2017 | 2016 | ||||||
£ | £ | |||||||
Deferred taxation | 272 | - | ||||||
272 | - | |||||||
8. SHARE CAPITAL | 2017 | 2016 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
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100 | 100 | ||||||
100 | 100 | |||||||
9. RELATED PARTY TRANSACTIONS | ||||||||
Dividends of £24,000 were paid to each of the directors in 2017 (2016 - £24,000). | ||||||||