Company Registration No. 04419401 (England and Wales)
TOWNEND PLANT & MACHINERY LIMITED
Unaudited accounts
for the year ended 30 April 2017
TOWNEND PLANT & MACHINERY LIMITED
Unaudited accounts
Contents
TOWNEND PLANT & MACHINERY LIMITED
Company Information
for the year ended 30 April 2017
Company Number
04419401 (England and Wales)
Registered Office
LOCKWOODS FARM
SCAPEGOAT HILL
HUDDERSFIELD
HD7 4PE
Accountants
Sara Armitage
Greystones Pike Law Road
Golcar
Huddersfield
HD7 4NL
TOWNEND PLANT & MACHINERY LIMITED
Statement of financial position
as at
30 April 2017
Tangible assets
418,589
286,649
Inventories
227,600
289,457
Creditors: amounts falling due within one year
(123,996)
(421,424)
Net current assets/(liabilities)
184,766
(41,017)
Total assets less current liabilities
603,355
245,632
Creditors: amounts falling due after more than one year
(340,450)
-
Net assets
262,905
245,632
Called up share capital
2
2
Profit and loss account
262,903
245,630
Shareholders' funds
262,905
245,632
For the year ending 30 April 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 15 January 2018.
JOHN TOWNEND
Director
Company Registration No. 04419401
TOWNEND PLANT & MACHINERY LIMITED
Notes to the Accounts
for the year ended 30 April 2017
TOWNEND PLANT & MACHINERY LIMITED is a private company, limited by shares, registered in England and Wales, registration number 04419401. The registered office is LOCKWOODS FARM, SCAPEGOAT HILL, HUDDERSFIELD, HD7 4PE.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 30 April 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 May 2015.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
TOWNEND PLANT & MACHINERY LIMITED
Notes to the Accounts
for the year ended 30 April 2017
4
Tangible fixed assets
Land & buildings
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 May 2016
240,400
87,910
1,168
329,478
Additions
143,503
-
-
143,503
At 30 April 2017
383,903
87,910
1,168
472,981
At 1 May 2016
-
41,695
1,134
42,829
Charge for the year
-
11,554
9
11,563
At 30 April 2017
-
53,249
1,143
54,392
At 30 April 2017
383,903
34,661
25
418,589
At 30 April 2016
240,400
46,215
34
286,649
Finished goods
227,600
289,457
Trade debtors
81,162
90,950
7
Creditors: amounts falling due within one year
2017
2016
Bank loans and overdrafts
37,464
334,229
Obligations under finance leases and hire purchase contracts
14,351
28,778
Trade creditors
20,922
40,303
Taxes and social security
36,608
17,629
Loans from directors
14,651
485
8
Creditors: amounts falling due after more than one year
2017
2016
9
Share capital
2017
2016
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
TOWNEND PLANT & MACHINERY LIMITED
Notes to the Accounts
for the year ended 30 April 2017
10
Average number of employees
During the year the average number of employees was 0 (2016: 0).