Terrence Paul Cabinet Makers Limited
|
Registered Number
:
04822472
|
For the year ended 30 June 2019
England and Wales
Unaudited Financial Statements
For the year ended 30 June 2019
Terrence Paul Cabinet Makers Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
Terrence Paul Cabinet Makers Limited
Statement of Financial Position
2018
2019
Property
,
plant and equipment
|
35,979
11,117
2
35,979
11,117
11,375
13,936
Trade and other receivables
|
12,801
14,085
3
141,709
Cash and cash equivalents
|
92,083
120,104
165,885
Trade and other payables
:
amounts falling due within one
|
year
|
(85,862)
(70,155)
4
80,023
49,949
Net current assets
Total assets less current liabilities
|
85,928
91,140
Trade and other payables
:
amounts falling due after more
|
than one year
|
-
(19,488)
5
(6,836)
(1,999)
Provisions for liabilities
|
59,604
Net assets
89,141
100
100
59,504
89,041
59,604
89,141
Shareholders' funds
For the year ended 30 June 2019 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 30 June 2019 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.
|
These financial statements were approved and authorised for issue by the Board on 18 March 2020 and were signed by:
|
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For the year ended 30 June 2019
Terrence Paul Cabinet Makers Limited
Statement of Financial Position Continued
The notes form part of these financial statements
|
2 of 5
For the year ended 30 June 2019
Terrence Paul Cabinet Makers Limited
Notes to the Financial Statements
Statutory Information
Terrence Paul Cabinet Makers Limited is a private limited company
,
limited by shares
,
domiciled in England and
|
Wales
,
registration number
04822472
.
|
274 Knightsfield
Welwyn Garden City
Hertfordshire
AL8 7RB
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
.
|
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
|
Property, plant and equipment
Tangible fixed assets, 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:
|
Plant and machinery
Motor vehicles
Fixtures and fittings
Inventories
Inventories are valued at the lower of cost and estimated selling price less costs to sell. Work in progress includes costs on orders as well as an appropriate amount of profit accoding to the level of completion of said contract
|
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.
|
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
3 of 5
For the year ended 30 June 2019
Terrence Paul Cabinet Makers Limited
Notes to the Financial Statements Continued
2
.
Property
,
plant and equipment
|
Motor vehicles
34,751
3,919
16,178
14,654
36,700
-
36,700
-
14,654
52,878
3,919
71,451
Provision for depreciation and impairment
|
23,634
3,046
14,285
6,303
Charge for year
11,838
219
9,649
1,970
35,472
3,265
23,934
8,273
6,381
28,944
654
35,979
8,351
1,893
873
11,117
3
.
Trade and other receivables
|
2018
2019
520
4
13,565
12,797
12,801
14,085
4
.
Trade and other payables
:
amounts falling due within one year
|
2018
2019
17,511
16,269
Taxation and social security
|
8,346
38,677
44,298
30,916
70,155
85,862
5
.
Trade and other payables
:
amounts falling due after more than one year
|
2018
2019
19,488
-
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For the year ended 30 June 2019
Terrence Paul Cabinet Makers Limited
Notes to the Financial Statements Continued
6
.
Directors advances and guarantees
|
Loaned
Repaid
P R Groves
-
-
6,000
6,000
-
-
6,000
6,000
The director's loan account was unsecured and payable on demand. No interest was charged.
7
.
Guarantees and other financial commitments
|
At
30
June
2019
the company had annual commitments under non
-
cancellable operating leases as set out below
:
|
2018
2019
Operating leases which expire
:
|
9,750
9,600
9,750
9,600
8
.
Average number of persons employed
|
During the year the average number of employees was 4 (2018 : 4)
5 of 5