Registered number |
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Registered number: |
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Director's Report | |||||||
The director presents his report and accounts for the year ended |
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Principal activities | |||||||
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Directors | |||||||
The following persons served as directors during the year: | |||||||
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Small company provisions | |||||||
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. | |||||||
This report was approved by the board on |
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Mr I C Critcher | |||||||
Director | |||||||
Mighty Oak Carpentry Limited | ||||
Accountants' Report | ||||
Accountants' report to the director of | ||||
Mighty Oak Carpentry Limited | ||||
You consider that the company is exempt from an audit for the year ended 31 August 2015. You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year. | ||||
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us. | ||||
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts. | ||||
Peter Findlay CTA | ||||
Chartered Tax Adviser and Accountant | ||||
Unit 2, Dotton Farm Business Units | ||||
Newton Poppleford | ||||
Sidmouth | ||||
Devon | ||||
EX10 0JY | ||||
19 February 2016 | ||||
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Profit and Loss Account | ||||||||
for the year ended |
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Notes | 2015 | 2014 | ||||||
£ | £ | |||||||
Turnover |
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Cost of sales | ( |
( |
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Gross profit |
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Administrative expenses | ( |
( |
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Operating profit | 2 |
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Interest payable | 3 | ( |
- | |||||
Profit on ordinary activities before taxation |
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Tax on profit on ordinary activities | 4 | ( |
( |
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Profit for the financial year |
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Balance Sheet | |||||||
as at |
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Notes | 2015 | 2014 | |||||
£ | £ | ||||||
Fixed assets | |||||||
Tangible assets | 5 |
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Current assets | |||||||
Stocks |
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Debtors | 6 |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year | 7 | ( |
( |
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Net current assets |
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Net assets |
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Capital and reserves | |||||||
Called up share capital | 8 |
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Profit and loss account | 9 |
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Shareholder's funds |
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Mr I C Critcher | |||||||
Director | |||||||
Approved by the board on |
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Notes to the Accounts | ||||||||
for the year ended |
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1 | Accounting policies | |||||||
Basis of preparation | ||||||||
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Turnover | ||||||||
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Depreciation | ||||||||
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. | ||||||||
Plant and machinery |
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Stocks | ||||||||
Stock is valued at the lower of cost and net realisable value. | ||||||||
2 | Operating profit | 2015 | 2014 | |||||
£ | £ | |||||||
This is stated after charging: | ||||||||
Depreciation of owned fixed assets |
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3 | Interest payable | 2015 | 2014 | |||||
£ | £ | |||||||
Interest payable | 14 | - | ||||||
4 | Taxation | 2015 | 2014 | |||||
£ | £ | |||||||
UK corporation tax |
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5 | Tangible fixed assets | |||||||
Plant and machinery etc | ||||||||
£ | ||||||||
Cost | ||||||||
At 1 September 2014 |
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At 31 August 2015 |
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Depreciation | ||||||||
At 1 September 2014 |
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Charge for the year |
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At 31 August 2015 |
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Net book value | ||||||||
At 31 August 2015 |
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At 31 August 2014 |
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6 | Debtors | 2015 | 2014 | |||||
£ | £ | |||||||
Trade debtors |
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- | ||||||
7 | Creditors: amounts falling due within one year | 2015 | 2014 | |||||
£ | £ | |||||||
Corporation tax |
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Other creditors |
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8 | Share capital | Nominal | 2015 | 2015 | 2014 | |||
value | Number | £ | £ | |||||
Allotted, called up and fully paid: | ||||||||
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£ |
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9 | Profit and loss account | 2015 | ||||||
£ | ||||||||
At 1 September 2014 | 1,125 | |||||||
Profit for the year |
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Dividends | ( |
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At 31 August 2015 |
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10 | Dividends | 2015 | 2014 | |||||
£ | £ | |||||||
Dividends for which the company became liable during the year: | ||||||||
Dividends paid |
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11 | Related party transactions | 2015 | 2014 | |||||
£ | £ | |||||||
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Director's loan account | ( |
(99) | ||||||
12 | Ultimate controlling party | |||||||
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Detailed profit and loss account | ||||
for the year ended |
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2015 | 2014 | |||
£ | £ | |||
Sales |
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Cost of sales | (15,890) | (1,261) | ||
Gross profit |
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Administrative expenses | (4,104) | (1,634) | ||
Operating profit |
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Interest payable | ( |
- | ||
Profit before tax |
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Detailed profit and loss account | ||||
for the year ended |
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2015 | 2014 | |||
£ | £ | |||
Sales | ||||
Sales | 23,254 | 7,001 | ||
Cost of sales | ||||
Purchases |
16,461
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1,510
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Increase in stocks | ( 1,121 ) |
( 249 ) |
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Direct labour |
550
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15,890 | 1,261 | |||
Administrative expenses | ||||
Employee costs: | ||||
Motor expenses |
1,657
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100
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1,657 | 100 | |||
Premises costs: | ||||
Rent |
520
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Cleaning |
234
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234
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Use of home |
520
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520
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1,274 | 754 | |||
General administrative expenses: | ||||
Telephone and fax |
183
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- | ||
Subscriptions |
40
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Insurance |
48
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- | ||
Repairs and maintenance | - |
77
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Depreciation |
332
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415
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Sundry expenses |
21
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- | ||
624 | 492 | |||
Legal and professional costs: | ||||
Accountancy fees |
332
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288
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Consultancy fees |
181
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Other legal and professional |
36
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- | ||
549 | 288 | |||
4,104 | 1,634 | |||