|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
UNAUDITED FINANCIAL STATEMENTS |
|
FOR THE YEAR ENDED |
|
30 APRIL 2018 |
|
FOR |
|
NEWMARKET GARDEN MACHINERY SERVICES |
LIMITED |
DRAFT |
|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
UNAUDITED FINANCIAL STATEMENTS |
|
FOR THE YEAR ENDED |
|
30 APRIL 2018 |
|
FOR |
|
NEWMARKET GARDEN MACHINERY SERVICES |
LIMITED |
NEWMARKET GARDEN MACHINERY SERVICES |
LIMITED (REGISTERED NUMBER: 01036634) |
|
|
|
|
|
|
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 APRIL 2018 |
|
DRAFT |
|
|
|
Page |
|
Company Information | 1 |
|
Chartered Certified Accountants' Report | 2 |
|
Statement of Financial Position | 3 |
|
Notes to the Financial Statements | 5 |
|
NEWMARKET GARDEN MACHINERY SERVICES |
LIMITED |
|
COMPANY INFORMATION |
FOR THE YEAR ENDED 30 APRIL 2018 |
|
|
|
|
|
|
|
DRAFT |
DIRECTOR: |
|
|
|
|
|
|
SECRETARY: |
|
|
|
|
|
|
REGISTERED OFFICE: |
|
|
|
|
|
|
|
|
|
|
|
REGISTERED NUMBER: |
|
|
|
|
|
|
ACCOUNTANTS: |
|
Chartered Certified Accountants |
Abbey House |
51 High Street |
Saffron Walden |
Essex |
CB10 1AF |
CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE DIRECTOR |
ON THE UNAUDITED FINANCIAL STATEMENTS OF |
NEWMARKET GARDEN MACHINERY SERVICES |
LIMITED |
|
DRAFT |
The following reproduces the text of the report prepared for the director in respect of the company's annual |
unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to |
file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other |
primary statements and the Report of the Director are not required to be filed with the Registrar of Companies. |
|
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the |
financial statements of Newmarket Garden Machinery Services Limited for the year ended 30 April 2018 which |
comprise the Income Statement, 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 member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook. |
|
This report is made solely to the director of Newmarket Garden Machinery Services Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Newmarket Garden Machinery Services Limited and state those matters that we have agreed to state to the director of Newmarket Garden Machinery Services Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report. |
|
It is your duty to ensure that Newmarket Garden Machinery Services Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Newmarket Garden Machinery Services Limited. You consider that Newmarket Garden Machinery Services Limited is exempt from the statutory audit requirement for the year. |
|
We have not been instructed to carry out an audit or a review of the financial statements of Newmarket Garden Machinery Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
|
|
|
|
|
|
|
Chartered Certified Accountants |
Abbey House |
51 High Street |
Saffron Walden |
Essex |
CB10 1AF |
|
|
|
NEWMARKET GARDEN MACHINERY SERVICES |
LIMITED (REGISTERED NUMBER: 01036634) |
|
STATEMENT OF FINANCIAL POSITION |
30 APRIL 2018 |
|
2018 | 2017 |
Notes | £ | £ | £ | £ |
DRAFT |
FIXED ASSETS |
Tangible assets | 3 |
|
|
|
CURRENT ASSETS |
Stocks | 4 |
|
|
Debtors | 5 |
|
|
Cash at bank and in hand |
|
|
|
|
CREDITORS |
Amounts falling due within one year | 6 |
|
|
NET CURRENT ASSETS |
|
|
TOTAL ASSETS LESS CURRENT
LIABILITIES |
|
|
|
PROVISIONS FOR LIABILITIES | 7 |
|
|
NET ASSETS |
|
|
|
CAPITAL AND RESERVES |
Called up share capital | 8 |
|
|
Retained earnings | 9 |
|
|
SHAREHOLDERS' FUNDS |
|
|
|
|
|
|
|
The director acknowledges her 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. |
NEWMARKET GARDEN MACHINERY SERVICES |
LIMITED (REGISTERED NUMBER: 01036634) |
|
STATEMENT OF FINANCIAL POSITION - continued |
30 APRIL 2018 |
|
DRAFT |
|
|
|
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
|
The financial statements were approved by the director on
|
|
|
|
|
|
|
|
NEWMARKET GARDEN MACHINERY SERVICES |
LIMITED (REGISTERED NUMBER: 01036634) |
|
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 APRIL 2018 |
DRAFT |
|
1. | ACCOUNTING POLICIES |
|
Basis of preparing the financial statements |
|
|
Turnover |
Turnover comprises the value of goods and services supplied by the company, net of Value Added Tax and |
trade discounts. |
|
Tangible fixed assets |
|
Plant and machinery | - |
|
Fixtures and fittings | - |
|
Computer equipment | - |
|
|
The leasehold improvements have been amortised on a straight line basis, over the remaining period of the |
lease. |
|
Stocks |
Stocks have been valued at the lower of cost and net realisable value. |
|
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. |
|
Current or deferred taxation assets and liabilities are not discounted. |
|
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 statement of financial position date. |
|
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. |
|
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. |
|
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. |
|
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. |
NEWMARKET GARDEN MACHINERY SERVICES |
LIMITED (REGISTERED NUMBER: 01036634) |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 APRIL 2018 |
DRAFT |
|
2. | EMPLOYEES AND DIRECTORS |
|
The average number of employees during the year was
|
|
3. | TANGIBLE FIXED ASSETS |
Fixtures |
Plant and | and | Motor | Computer |
machinery | fittings | vehicles | equipment | Totals |
£ | £ | £ | £ | £ |
COST |
At 1 May 2017 |
and 30 April 2018 |
|
|
|
|
|
DEPRECIATION |
At 1 May 2017 |
|
|
|
|
|
Charge for year |
|
|
|
|
|
At 30 April 2018 |
|
|
|
|
|
NET BOOK VALUE |
At 30 April 2018 |
|
|
|
|
|
At 30 April 2017 |
|
|
|
|
|
|
4. | STOCKS |
2018 | 2017 |
£ | £ |
Stocks |
|
|
Work-in-progress |
|
|
|
|
|
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Trade debtors |
|
|
Owed from related undertaking | - | 12,000 |
Prepayments and accrued income |
|
|
|
|
NEWMARKET GARDEN MACHINERY SERVICES |
LIMITED (REGISTERED NUMBER: 01036634) |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 APRIL 2018 |
DRAFT |
|
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Trade creditors |
|
|
Amounts owed to group undertakings |
|
|
Corporation tax |
|
|
Social security and other taxes |
|
|
VAT | 13,560 | 13,545 |
Other creditors |
|
|
Accrued expenses |
|
|
|
|
|
7. | PROVISIONS FOR LIABILITIES |
2018 | 2017 |
£ | £ |
Deferred tax | - | 979 |
|
Deferred |
tax |
£ |
Balance at 1 May 2017 |
|
Credit to Income Statement during year | ( |
) |
Balance at 30 April 2018 |
|
|
8. | CALLED UP SHARE CAPITAL |
|
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2018 | 2017 |
value: | £ | £ |
|
Ordinary | £1 | 2 | 2 |
|
9. | RESERVES |
Retained |
earnings |
£ |
|
At 1 May 2017 |
|
Deficit for the year | ( |
) |
At 30 April 2018 |
|
NEWMARKET GARDEN MACHINERY SERVICES |
LIMITED (REGISTERED NUMBER: 01036634) |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 APRIL 2018 |
DRAFT |
|
10. | RELATED PARTY DISCLOSURES |
|
The company
occupies property
owned by
£8,000 per annum. This is not on a commercial basis. |
|
Amounts are lent to the company by
Camweavers Limited
, the company's
parent company
, from time to time.
At the balance sheet date the company owed £0 in loans and on the inter company acc ount (2017 £43,203). |
|
11. | ULTIMATE CONTROLLING PARTY |
|
The controlling party is
Mrs J M E Pedley
by virtue of her ownership of 100% of the issued share capital of
Camweavers Limited, the company's ultimat e parent company. |