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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE PERIOD 1 APRIL 2018 TO 31 MAY 2019 |
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UPTON WOOD BUILDING AND CONTRACTING |
LIMITED |
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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE PERIOD 1 APRIL 2018 TO 31 MAY 2019 |
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FOR |
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UPTON WOOD BUILDING AND CONTRACTING |
LIMITED |
UPTON WOOD BUILDING AND CONTRACTING |
LIMITED (REGISTERED NUMBER: 05293332) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1 APRIL 2018 TO 31 MAY 2019 |
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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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Report of the Accountants | 6 |
UPTON WOOD BUILDING AND CONTRACTING |
LIMITED |
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COMPANY INFORMATION |
FOR THE PERIOD 1 APRIL 2018 TO 31 MAY 2019 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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45 Queen Street |
Deal |
Kent |
CT14 6EY |
UPTON WOOD BUILDING AND CONTRACTING |
LIMITED (REGISTERED NUMBER: 05293332) |
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BALANCE SHEET |
31 MAY 2019 |
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2019 | 2018 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Stocks |
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Debtors | 5 |
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Cash in hand |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT (LIABILITIES)/ASSETS | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital | 7 |
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Retained earnings | ( |
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SHAREHOLDERS' FUNDS | ( |
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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. |
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The financial statements were approved by the Board of Directors on
by: |
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UPTON WOOD BUILDING AND CONTRACTING |
LIMITED (REGISTERED NUMBER: 05293332) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1 APRIL 2018 TO 31 MAY 2019 |
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1. | STATUTORY INFORMATION |
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Upton Wood Building and Contracting Limited is a
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and Wales. The 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 round pounds sterling £ |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates |
and value added tax |
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Turnover is net invoiced sale, excluding value added tax. This is recognised when the service provided is |
complete. |
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Tangible fixed assets |
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Fixtures and fittings | - |
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Motor vehicles | - |
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Computer equipment | - |
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Tangible fixed assets are tested for impairment annually. |
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It is the Company's policy to capitalise items with an estimated useful life in excess of two years, and for |
amounts in excess of £150. |
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The assets were depreciated for a full year in the year of disposal. |
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Stocks |
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance |
for obsolete and slow moving items. |
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Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in |
bringing stocks to their present location and condition. |
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Taxation |
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and |
Retained Earnings, 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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UPTON WOOD BUILDING AND CONTRACTING |
LIMITED (REGISTERED NUMBER: 05293332) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1 APRIL 2018 TO 31 MAY 2019 |
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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. |
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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 period 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. |
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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. |
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Statement of going concern |
The accounts are prepared on a winding up basis. |
The Company ceased trading on the 31st March 2019 |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the period was
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4. | TANGIBLE FIXED ASSETS |
Fixtures |
and | Motor | Computer |
fittings | vehicles | equipment | Totals |
£ | £ | £ | £ |
COST |
At 1 April 2018 |
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Disposals | ( |
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At 31 May 2019 |
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DEPRECIATION |
At 1 April 2018 |
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Charge for period |
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Eliminated on disposal | ( |
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At 31 May 2019 |
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NET BOOK VALUE |
At 31 May 2019 |
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At 31 March 2018 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Trade debtors |
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Related party loan |
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Directors' current accounts | - | 2 |
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UPTON WOOD BUILDING AND CONTRACTING |
LIMITED (REGISTERED NUMBER: 05293332) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1 APRIL 2018 TO 31 MAY 2019 |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Bank loans and overdrafts |
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Trade creditors |
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Tax |
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Social security and other taxes |
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VAT | - | 10,468 |
Other creditors |
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Directors' current accounts |
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Accrued expenses |
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7. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2019 | 2018 |
value: | £ | £ |
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Ordinary | £1 | 100 | 100 |
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8. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
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During the year the following Directors Loan Accounts subsisted; |
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Directors Loan Account |
A member of key management personnel |
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During the period the Company advanced the Director £8,247 (2018:£525) |
During the period the Director repaid the Company £5,620 (2018:£Nil) |
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As at the period end the Director owed the Company £8,641 (2018:£4,371) |
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The loan is interest free and repayable upon demand. |
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9. | RELATED PARTY DISCLOSURES |
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The following related party loans subsisted during the year; |
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Upton Wood Management Ltd |
A Company under common control. |
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The related party advanced the Company £882 (2018: £2,498) |
The Company repaid the related party £2,652 (2018: £4,350) |
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As at the period end the Company owed the related party £21,489 (2018: £19,719). |
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The loan is interest free and repayable upon demand. |
The loan has been settled in full subsequent to the period end. |
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10. | POST BALANCE SHEET EVENTS |
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After the period end at winding up, the only remaining creditor of the Company was the Director. |
The Director controls the related party, and will derecognise his Directors loan against the loan with the related |
party. |
UPTON WOOD BUILDING AND CONTRACTING |
LIMITED |
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REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF |
UPTON WOOD BUILDING AND CONTRACTING |
LIMITED |
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The following reproduces the text of the report prepared for the directors in respect of the company's annual |
unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file |
a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the |
Report of the Directors are not required to be filed with the Registrar of Companies. |
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As described on the Balance Sheet you are responsible for the preparation of the financial statements for the period ended 31 May 2019 set out on pages nil to nil and you consider that the company is exempt from an audit. |
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In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us. |
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45 Queen Street |
Deal |
Kent |
CT14 6EY |
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