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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 JANUARY 2017 |
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FRED WINTER,LIMITED |
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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 JANUARY 2017 |
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FOR |
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FRED WINTER,LIMITED |
FRED WINTER,LIMITED (REGISTERED NUMBER: 00207641) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
for the year ended 31 January 2017 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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FRED WINTER,LIMITED |
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COMPANY INFORMATION |
for the year ended 31 January 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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Chartered Certified Accountants |
and Registered Auditors |
3 Pegasus House |
Pegasus Court |
Olympus Avenue |
Warwick |
Warwickshire |
CV34 6LW |
FRED WINTER,LIMITED (REGISTERED NUMBER: 00207641) |
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BALANCE SHEET |
31 January 2017 |
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2017 | 2016 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Stocks |
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Debtors | 5 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one
year |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital |
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Other reserves |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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The directors acknowledge their responsibilities for: |
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ensuring that the company keeps accounting records which comply with Sections 386 and
387 of the Companies Act 2006 and |
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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. |
FRED WINTER,LIMITED (REGISTERED NUMBER: 00207641) |
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BALANCE SHEET - continued |
31 January 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
signed on its behalf by: |
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FRED WINTER,LIMITED (REGISTERED NUMBER: 00207641) |
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NOTES TO THE FINANCIAL STATEMENTS |
for the year ended 31 January 2017 |
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1. | STATUTORY INFORMATION |
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Fred Winter,Limited is a
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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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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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Freehold property | - |
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Long leasehold | - |
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Fixtures and fittings | - |
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Motor vehicles | - |
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Computer equipment | - |
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Stocks |
Stocks 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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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 balance sheet date. |
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FRED WINTER,LIMITED (REGISTERED NUMBER: 00207641) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 31 January 2017 |
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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 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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Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to |
the company's pension scheme are charged to profit or loss in the period to which they |
relate. |
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Going concern |
The company has experienced difficulties in the current economic climate, as have many |
other retailers. However, the company continues to have the financial support of its |
creditors and are confident that the company will be in a position to meet its financial |
liabilities as and when they fall due. |
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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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FRED WINTER,LIMITED (REGISTERED NUMBER: 00207641) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 31 January 2017 |
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4. | TANGIBLE FIXED ASSETS |
Fixtures |
Freehold | Long | and |
property | leasehold | fittings |
£ | £ | £ |
COST |
At 1 February 2016 |
and 31 January 2017 |
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DEPRECIATION |
At 1 February 2016 |
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Charge for year |
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At 31 January 2017 |
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NET BOOK VALUE |
At 31 January 2017 |
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At 31 January 2016 |
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Motor | Computer |
vehicles | equipment | Totals |
£ | £ | £ |
COST |
At 1 February 2016 |
and 31 January 2017 |
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DEPRECIATION |
At 1 February 2016 |
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Charge for year |
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At 31 January 2017 |
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NET BOOK VALUE |
At 31 January 2017 |
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At 31 January 2016 |
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Included in cost of land and buildings is freehold land of £ 228,645 (2016 - £ 228,645 ) |
which is not depreciated. |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Trade debtors |
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Other debtors |
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FRED WINTER,LIMITED (REGISTERED NUMBER: 00207641) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 31 January 2017 |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Bank loans and overdrafts |
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Trade creditors |
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Amounts owed to group undertakings |
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Taxation and social security |
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Other creditors |
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7. | SECURED DEBTS |
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The following secured debts are included within creditors: |
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2017 | 2016 |
£ | £ |
Bank overdrafts |
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There is a charge held by National Westminster Bank PLC, containing fixed and floating |
charges. The floating charge covers all of the property or undertaking of the company. |
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8. | RELATED PARTY DISCLOSURES |
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Ultimate Parent Company |
Fred Winter Group Ltd is regarded buy the directors as being the company's ultimate |
parent company. |
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Fred Winter Group Ltd |
The ultimate parent company of Fred Winter Ltd. |
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The company was advanced amounts from Fred Winter Group Ltd to the value of |
£24,739 (2016:£75) during the year. |
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2017 | 2016 |
£ | £ |
Amount due to related party at balance sheet date | 197,228 | 172,490 |
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Fred Winter Farms Ltd |
A member of the Fred Winter Group Ltd. |
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The company was advanced amounts from Fred Winter Farms Ltd to the value of |
£27,363 (2016:£24,200) during the year. |
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2017 | 2016 |
£ | £ |
Amount due to related party at balance sheet date | 48,768 | 21,405 |
FRED WINTER,LIMITED (REGISTERED NUMBER: 00207641) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 31 January 2017 |
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9. | ULTIMATE CONTROLLING PARTY |
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The ultimate controlling party is
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