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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE PERIOD 1 MAY 2018 TO 31 OCTOBER 2019 |
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FOR
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WAKEMAN & STEARNS LTD |
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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE PERIOD 1 MAY 2018 TO 31 OCTOBER 2019 |
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FOR
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WAKEMAN & STEARNS LTD |
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WAKEMAN & STEARNS LTD (REGISTERED NUMBER: 11163282)
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CONTENTS OF THE FINANCIAL STATEMENTS
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FOR THE PERIOD 1 MAY 2018 TO 31 OCTOBER 2019
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Page
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Company Information
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1
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Balance Sheet
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2
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Notes to the Financial Statements
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3
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WAKEMAN & STEARNS LTD
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COMPANY INFORMATION
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FOR THE PERIOD 1 MAY 2018 TO 31 OCTOBER 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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Bryant House
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Bryant Road
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Strood
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Rochester
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Kent
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ME2 3EW
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WAKEMAN & STEARNS LTD (REGISTERED NUMBER: 11163282)
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BALANCE SHEET
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31 OCTOBER 2019
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2019
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2018
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Notes
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£
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£
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CURRENT ASSETS
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Stocks
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Debtors
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5
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Cash at bank and in hand
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CREDITORS
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Amounts falling due within one year
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6
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NET CURRENT (LIABILITIES)/ASSETS
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(
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TOTAL ASSETS LESS CURRENT
LIABILITIES
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(
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CAPITAL AND RESERVES
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Called up share capital
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Retained earnings
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7
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(
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(
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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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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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WAKEMAN & STEARNS LTD (REGISTERED NUMBER: 11163282)
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NOTES TO THE FINANCIAL STATEMENTS
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FOR THE PERIOD 1 MAY 2018 TO 31 OCTOBER 2019
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1.
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STATUTORY INFORMATION
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Wakeman & Stearns Ltd is a
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The company's registered number and registered office address can be found on the Company
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Information page.
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The presentation currency of the financial statements is the Pound Sterling (£). |
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2.
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STATEMENT OF COMPLIANCE
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3.
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ACCOUNTING POLICIES
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Basis of preparing the financial statements
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Stocks
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Work in progress is valued at the lower of cost and net realisable value. |
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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
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Taxation for the period 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 have been |
enacted or substantively enacted by the balance sheet date. |
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4.
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EMPLOYEES AND DIRECTORS
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The average number of employees during the period was
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5.
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DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
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2019
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2018
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£
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£
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VAT
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6.
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CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
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2019
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2018
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£
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£
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Trade creditors
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Form C.T.61 taxes (not A.C.T)
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9,820
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-
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Other creditors
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Directors' current accounts
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2,001,440
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-
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Accrued expenses
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WAKEMAN & STEARNS LTD (REGISTERED NUMBER: 11163282)
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NOTES TO THE FINANCIAL STATEMENTS - continued
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FOR THE PERIOD 1 MAY 2018 TO 31 OCTOBER 2019
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7.
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RESERVES
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Retained
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earnings
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£
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Deficit for the period
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(
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At 31 October 2019
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(
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8.
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DIRECTORS' ADVANCES, CREDITS AND GUARANTEES
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The following advances and credits to directors subsisted during the periods ended 31 October 2019
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and 30 April 2018:
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2019
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2018
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£
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£
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Balance outstanding at start of period
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Amounts repaid
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(
1,944,162
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)
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Amounts written off
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-
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-
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Amounts waived
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-
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-
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Balance outstanding at end of period
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(
1,944,162
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)
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Balance outstanding at start of period
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Amounts repaid
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(
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Amounts written off
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-
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-
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Amounts waived
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-
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-
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Balance outstanding at end of period
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(
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Balance outstanding at start of period
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Amounts repaid
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(
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Amounts written off
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-
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-
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Amounts waived
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-
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-
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Balance outstanding at end of period
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(
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The first loan from A G Edmeades-Stearns to the company is unsecured and repayable on demand |
with interest charged at 10% to 5th April 2019 and 6% thereafter. |
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The loan from G D Wakeman to the company is unsecured, interest free and repayable on demand. |
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The second loan from A G Edmeades-Stearns to the company is unsecured, interest free and |
repayable on demand. |