Arthur H Stockwell Limited
|
Registered Number
:
00209422
|
For the year ended 31 March 2020
England and Wales
Unaudited Financial Statements
For the year ended 31 March 2020
Arthur H Stockwell Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
Arthur H Stockwell Limited
Statement of Financial Position
2019
2020
Property
,
plant and equipment
|
4,035
3,610
2
4,035
3,610
52,073
52,183
3
Trade and other receivables
|
9,335
8,871
4
90,004
Cash and cash equivalents
|
49,999
111,053
151,412
Trade and other payables
:
amounts falling due within
|
one year
|
(150,697)
(125,294)
5
715
(14,241)
Net current liabilities
Total assets less current liabilities
|
(10,206)
4,325
(10,206)
Net assets/liabilities
4,325
1,000
1,000
(11,206)
3,325
(10,206)
4,325
Shareholders' funds
For the year ended 31 March 2020 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 31 March 2020 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
.
|
In accordance with Section
444
of the Companies Act
2006
,
the Income Statement has not been delivered
.
|
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
|
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For the year ended 31 March 2020
Arthur H Stockwell Limited
Statement of Financial Position Continued
Mr Richard Jonathan George Stockwell Director
|
These financial statements were approved and authorised for issue by the Board on 07 August 2020 and were signed by:
|
The notes form part of these financial statements
|
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For the year ended 31 March 2020
Arthur H Stockwell Limited
Notes to the Financial Statements
Statutory Information
Arthur H Stockwell Limited is a private limited company
,
limited by shares
,
domiciled in England and
|
Wales
,
registration number
00209422
.
|
Torrs Park
Ilfracombe
Devon
EX34 8BA
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
.
|
Property, plant and equipment
Property, plant and equipment, 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:
|
Land and Buildings
Plant and Machinery
Furniture and Fittings
Inventories
Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
|
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.
|
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable.
|
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For the year ended 31 March 2020
Arthur H Stockwell Limited
Notes to the Financial Statements Continued
2
.
Property
,
plant and equipment
|
186,986
5,291
178,183
3,512
1,549
-
1,549
-
3,512
179,732
5,291
188,535
Provision for depreciation and impairment
|
183,376
5,291
174,573
3,512
Charge for year
1,124
-
1,124
-
184,500
5,291
175,697
3,512
-
4,035
-
4,035
-
3,610
-
3,610
2019
2020
52,183
52,073
4
.
Trade and other receivables
|
2019
2020
1,977
2,417
6,894
6,918
9,335
8,871
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For the year ended 31 March 2020
Arthur H Stockwell Limited
Notes to the Financial Statements Continued
5
.
Trade and other payables
:
amounts falling due within one year
|
2019
2020
7,719
9,706
Taxation and social security
|
2,816
3,238
114,759
137,753
125,294
150,697
6
.
Related party transactions
|
The company director Richard Stockwell received £
5
,
600
(
2019
£
4
,
800
)
rent from the company for use
|
of it
'
s premises
.
This was the total amount due for the year
,
none of which was outstanding at the year
|
end
(
2019
nil
).
|
Rent paid to the other two property owners both of which are connected parties totalled £
11
,
200
(
2019
|
£
9
,
600
)
,
there being no amount outstanding at the year end
(
2019
nil
).
|
The Director Mr R H Stockwell and his two sisters each own
660
shares
.
The remaining
20
shares are
|
held by Mrs S Stockwell
(
Richard Stockwell
'
s wife
)
hence he has a controlling interest in the company
.
|
7
.
Guarantees and other financial commitments
|
Other financial commitments
|
The company rents it's premises at an annual rental of £11,200 (2019 £9,600).
8
.
Average number of persons employed
|
During the year the average number of employees was 8 (2019 : 8)
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