2016-12-01
07465639
2017-11-30
07465639
2016-12-01
2017-11-30
07465639
uk-bus:RegisteredOffice
2016-12-01
2017-11-30
07465639
uk-bus:Director1
2016-12-01
2017-11-30
07465639
uk-bus:Director1
2017-11-30
07465639
2016-11-30
07465639
2015-12-01
2016-11-30
07465639
uk-core:WithinOneYear
2016-11-30
07465639
uk-core:WithinOneYear
2017-11-30
07465639
uk-core:AfterOneYear
2016-11-30
07465639
uk-core:AfterOneYear
2017-11-30
07465639
uk-core:ShareCapital
2017-11-30
07465639
uk-core:ShareCapital
2016-11-30
07465639
uk-core:RetainedEarningsAccumulatedLosses
2017-11-30
07465639
uk-core:RetainedEarningsAccumulatedLosses
2016-11-30
07465639
uk-core:ToolsEquipment
2016-11-30
07465639
uk-core:FurnitureFittings
2016-11-30
07465639
uk-core:PlantMachinery
2016-11-30
07465639
uk-core:ToolsEquipment
2016-12-01
2017-11-30
07465639
uk-core:FurnitureFittings
2016-12-01
2017-11-30
07465639
uk-core:PlantMachinery
2016-12-01
2017-11-30
07465639
uk-core:PlantMachinery
2017-11-30
07465639
uk-core:FurnitureFittings
2017-11-30
07465639
uk-core:ToolsEquipment
2017-11-30
07465639
uk-core:WithinOneYear
2017-11-30
07465639
uk-core:WithinOneYear
2016-11-30
07465639
uk-core:AfterOneYear
uk-core:Secured
2017-11-30
07465639
uk-core:AfterOneYear
uk-core:Secured
2016-11-30
iso4217:GBP
07465639
uk-bus:AuditExemptWithAccountantsReport
2016-12-01
2017-11-30
07465639
uk-bus:FRS102
2016-12-01
2017-11-30
07465639
uk-bus:FullAccounts
2016-12-01
2017-11-30
07465639
uk-bus:PrivateLimitedCompanyLtd
2016-12-01
2017-11-30
West Midlands Industrial Supplies Ltd
|
Registered Number
:
07465639
|
For the year ended 30 November 2017
England and Wales
Report of the Director and Unaudited Financial Statements
2
For the year ended 30 November 2017
West Midlands Industrial Supplies Ltd
Contents Page
2
Director's Report
3
Independent Accountants' Report
4
Income Statement
5
Statement of Financial Position
6 to 8
Notes to the Financial Statements
3
For the year ended 30 November 2017
West Midlands Industrial Supplies Ltd
Company Information
Robert John Jones
Director
07465639
Suite 1 & 2, Business Centre
Hagley golf & Country Club
Wassell Grove Lane
Hagley
DY9 9JW
Harris & Co (Stourbridge) Ltd
Accountants
Suite 1 & 2 Business Centre
Hagley Golf & Country Club
Wassell Grove Lane
Hagley
DY9 9JW
1 of 8
4
For the year ended 30 November 2017
West Midlands Industrial Supplies Ltd
Director's Report
The director presents his report and accounts for the year ended 30 November 2017.
The principal activity of the company continued to be that of Manufacturing.
Director
The director who served the company throughout the year was as follows:
Robert John Jones
Signed on behalf of the board of directors
This report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.
|
30 August 2018
2 of 8
5
For the year ended 30 November 2017
West Midlands Industrial Supplies Ltd
Independent Accountants' Report
Report to the director on the preparation of the unaudited statutory accounts of West Midlands Industrial
|
Supplies Ltd for the year ended
30
November
2017
|
In order to assist you to fulfil your duties under Companies Act
2006
,
we have prepared for your approval the accounts
|
of West Midlands Industrial Supplies Ltd for the year ended
30
November
2017
which comprise the Income
|
Statement
,
the Statement of Financial Position and the related notes from the company
'
s accounting records and from
|
information and explanations you have given us
.
|
As a practising firm of the Association of Chartered Certified Accountants
,
we are subject to its ethical and other
|
professional requirements which are detailed at http
://
rulebook
.
accaglobal
.
com
.
|
This report is made solely to the Board of Directors of West Midlands Industrial Supplies Ltd
,
as a body
,
in accordance
|
with the terms of our engagement letter dated
17
May
2017
.
Our work has been undertaken solely to prepare for your
|
approval the accounts of West Midlands Industrial Supplies Ltd and state those matters that we have agreed to state
|
to the Board of Directors of West Midlands Industrial Supplies Ltd
,
as a body
,
in this report in accordance with the
|
requirements of the Association of Chartered Certified Accountants and as detailed at
|
http
://
www
.
accaglobal
.
com
/
factsheet
163
.
To the fullest extent permitted by law
,
we do not accept or assume
|
responsibility to anyone other than West Midlands Industrial Supplies Ltd and its Board of Directors as a body for our
|
work or for this report
.
|
It is your duty to ensure that West Midlands Industrial Supplies Ltd has kept adequate accounting records and to
|
prepare statutory accounts that give a true and fair view of the assets
,
liabilities
,
financial position and loss of West
|
Midlands Industrial Supplies Ltd
.
You consider that West Midlands Industrial Supplies Ltd is exempt from the statutory
|
audit requirement for the year
.
|
Harris & Co (Stourbridge) Ltd
Suite 1 & 2 Business Centre
Hagley Golf & Country Club
Wassell Grove Lane
Hagley
DY9 9JW
30 August 2018
3 of 8
6
For the year ended 30 November 2017
West Midlands Industrial Supplies Ltd
Income Statement
2016
2017
222,484
224,731
(160,787)
(164,060)
63,944
Gross profit
58,424
(58,321)
(62,958)
Operating profit
103
986
103
986
Profit before taxation
103
Profit for the financial year
986
4 of 8
7
West Midlands Industrial Supplies Ltd
Statement of Financial Position
2016
2017
Property
,
plant and equipment
|
32,114
18,923
2
32,114
18,923
73,046
100,331
3
Trade and other receivables
|
47,756
47,659
4
464
Cash and cash equivalents
|
869
148,859
121,266
Trade and other payables
:
amounts falling due within one
|
year
|
(94,307)
(55,750)
5
26,959
93,109
Net current assets
Total assets less current liabilities
|
125,223
45,882
Trade and other payables
:
amounts falling due after more
|
than one year
|
(19,966)
(51,941)
6
73,282
Net assets
25,916
1
1
73,281
25,915
73,282
25,916
Shareholders' funds
For the year ended 30 November 2017 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
|
The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2017 in accordance with Section 476 of the Companies Act 2006
|
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
|
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
.
|
The financial statements have been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.
|
These financial statements were approved and authorised for issue by the Board on 30 August 2018 and were signed by:
|
The notes form part of these financial statements
|
5 of 8
8
For the year ended 30 November 2017
West Midlands Industrial Supplies Ltd
Notes to the Financial Statements
Statutory Information
West Midlands Industrial Supplies Ltd is a private limited company
,
limited by shares
,
domiciled in England and
|
Wales
,
registration number
07465639
.
|
Suite 1 & 2, Business Centre
Hagley golf & Country Club
Wassell Grove Lane
Hagley
DY9 9JW
The presentation currency is £ sterling
.
|
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section
1
A of Financial
|
Reporting Standard
102
'
The Financial Reporting Standard applicable in the UK and Republic of Ireland
'
and the
|
Companies Act
2006
.
The financial statements have been prepared under the historical costs convention as
|
modified by the revaluation of certain assets
.
|
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
|
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
|
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
|
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the profit and loss account.
|
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
6 of 8
9
For the year ended 30 November 2017
West Midlands Industrial Supplies Ltd
Notes to the Financial Statements Continued
2
.
Property
,
plant and equipment
|
18,923
4,927
13,996
-
13,213
1,148
-
12,065
-
(22)
-
(22)
12,065
13,974
6,075
32,114
12,065
13,974
6,075
32,114
-
13,996
4,927
18,923
2016
2017
100,331
73,046
4
.
Trade and other receivables
|
2016
2017
47,659
47,756
5
.
Trade and other payables
:
amounts falling due within one year
|
2016
2017
1,706
1,706
39,838
37,221
Taxation and social security
|
6,843
53,930
7,363
1,450
55,750
94,307
6
.
Trade and other payables
:
amounts falling due after more than one year
|
2016
2017
51,941
19,966
7 of 8
10
For the year ended 30 November 2017
West Midlands Industrial Supplies Ltd
Notes to the Financial Statements Continued
8 of 8