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Unaudited Financial Statements for the Year Ended 28 February 2017 |
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STUART HENRY KITCHENS LIMITED |
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Unaudited Financial Statements for the Year Ended 28 February 2017 |
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for |
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STUART HENRY KITCHENS LIMITED |
STUART HENRY KITCHENS LIMITED (Registered number: 06127810) |
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Contents of the Financial Statements |
for the Year Ended 28 February 2017 |
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Page |
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Company Information | 1 |
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Statement of Financial Position | 2 |
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Notes to the Financial Statements | 4 |
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Chartered Accountants' Report | 7 |
STUART HENRY KITCHENS LIMITED |
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Company Information |
for the Year Ended 28 February 2017 |
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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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Enterprise House |
The Courtyard |
Old Courthouse Road |
Bromborough |
Merseyside |
CH62 4UE |
STUART HENRY KITCHENS LIMITED (Registered number: 06127810) |
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Statement of Financial Position |
28 February 2017 |
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28.2.17 | 29.2.16 |
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 |
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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 ASSETS |
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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 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. |
STUART HENRY KITCHENS LIMITED (Registered number: 06127810) |
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Statement of Financial Position - continued |
28 February 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 Board of Directors on
behalf by: |
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STUART HENRY KITCHENS LIMITED (Registered number: 06127810) |
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Notes to the Financial Statements |
for the Year Ended 28 February 2017 |
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1. | STATUTORY INFORMATION |
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STUART HENRY KITCHENS 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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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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These financial statements for the year ended 31 January 2016 are the first financial statements that |
comply with FRS 102. The date of transition is 1 March 2014. |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, |
rebates, value added tax and other sales taxes. |
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Tangible fixed assets |
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Plant and machinery etc | - | 33% on cost and 15% on reducing balance |
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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 that have been |
enacted or substantively enacted by the statement of financial position 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 statement of financial position 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. |
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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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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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STUART HENRY KITCHENS LIMITED (Registered number: 06127810) |
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Notes to the Financial Statements - continued |
for the Year Ended 28 February 2017 |
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4. | TANGIBLE FIXED ASSETS |
Fixtures, |
fittings | Computer |
& displays | equipmt/website | Totals |
£ | £ | £ |
COST |
At 1 March 2016 |
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Additions |
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Disposals | ( |
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At 28 February 2017 |
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DEPRECIATION |
At 1 March 2016 |
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Charge for year |
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Eliminated on disposal | ( |
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At 28 February 2017 |
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NET BOOK VALUE |
At 28 February 2017 |
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At 29 February 2016 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
28.2.17 | 29.2.16 |
£ | £ |
Trade debtors |
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Other debtors |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
28.2.17 | 29.2.16 |
£ | £ |
Bank loans and overdrafts |
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Trade creditors |
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Taxation and social security |
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Other creditors |
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7. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
28.2.17 | 29.2.16 |
£ | £ |
Bank loans |
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Other creditors |
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8. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
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Included in other creditors is an amount of £267 owed jointly to Directors and Shareholders Mr & Mrs |
Buckley. |
STUART HENRY KITCHENS LIMITED (Registered number: 06127810) |
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Notes to the Financial Statements - continued |
for the Year Ended 28 February 2017 |
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9. | RELATED PARTY DISCLOSURES |
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During the year, total dividends of £29,000 (2016 - £40,000) were paid to the directors . |
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10. | ULTIMATE CONTROLLING PARTY |
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Due to common control and equal shareholdings, there is no ultimate controlling party in the year |
under review. |
Chartered Accountants' Report to the Board of Directors |
on the Unaudited Financial Statements of |
STUART HENRY KITCHENS LIMITED |
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The following reproduces the text of the report prepared for the directors and members 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 Statement of Financial Position. 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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In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval |
the financial statements of STUART HENRY KITCHENS LIMITED for the year ended 28 February 2017 |
which comprise the Income Statement, Statement of Financial Position and the related notes from the |
company's accounting records and from information and explanations you have given us. |
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As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
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This report is made solely to the Board of Directors of STUART HENRY KITCHENS LIMITED, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of STUART HENRY KITCHENS LIMITED and state those matters that we have agreed to state to the Board of Directors of STUART HENRY KITCHENS LIMITED, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than STUART HENRY KITCHENS LIMITED Board of Directors, as a body, for our work or for this report. |
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It is your duty to ensure that STUART HENRY KITCHENS LIMITED has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of STUART HENRY KITCHENS LIMITED. You consider that STUART HENRY KITCHENS LIMITED is exempt from the statutory audit requirement for the year. |
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We have not been instructed to carry out an audit or a review of the financial statements of STUART HENRY KITCHENS LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
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Enterprise House |
The Courtyard |
Old Courthouse Road |
Bromborough |
Merseyside |
CH62 4UE |
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Date: ............................................. |