Company Registration No. NI011754 (Northern Ireland)
RAYMOND TURKINGTON (DECORATIONS) LIMITED
Unaudited accounts
for the year ended 30 June 2018
RAYMOND TURKINGTON (DECORATIONS) LIMITED
Unaudited accounts
Contents
RAYMOND TURKINGTON (DECORATIONS) LIMITED
Company Information
for the year ended 30 June 2018
Directors
Raymond Turkington
Hilary Turkington
Neil Turkington
Company Number
NI011754 (Northern Ireland)
Registered Office
18 Sweep Road
Cookstown
Co Tyrone
BT80 8JW
Accountants
A D Pottie & Co Ltd
1 Church Street
Fintona
Tyrone
BT78 2BR
RAYMOND TURKINGTON (DECORATIONS) LIMITED
Statement of financial position
as at
30 June 2018
Tangible assets
1,539,507
1,615,708
Inventories
309,532
290,361
Cash at bank and in hand
256,275
250,609
Creditors: amounts falling due within one year
(1,277,138)
(1,163,728)
Net current liabilities
(204,507)
(137,541)
Total assets less current liabilities
1,335,090
1,478,257
Creditors: amounts falling due after more than one year
(268,307)
(337,554)
Net assets
1,066,783
1,140,703
Called up share capital
15,000
15,000
Revaluation reserve
(193,419)
(193,419)
Profit and loss account
1,245,202
1,319,122
Shareholders' funds
1,066,783
1,140,703
For the year ending 30 June 2018 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 directors acknowledge their 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 28 March 2019.
Raymond Turkington
Director
Company Registration No. NI011754
RAYMOND TURKINGTON (DECORATIONS) LIMITED
Notes to the Accounts
for the year ended 30 June 2018
RAYMOND TURKINGTON (DECORATIONS) LIMITED is a private company, limited by shares, registered in Northern Ireland, registration number NI011754. The registered office is 18 Sweep Road, Cookstown, Co Tyrone, BT80 8JW.
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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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
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Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At cost
At 1 July 2017
1,724,032
492,448
10,500
2,226,980
Additions
-
3,000
-
3,000
At 30 June 2018
1,724,032
495,448
10,500
2,229,980
At 1 July 2017
300,000
301,612
9,660
611,272
Charge for the year
50,000
29,075
126
79,201
At 30 June 2018
350,000
330,687
9,786
690,473
At 30 June 2018
1,374,032
164,761
714
1,539,507
At 30 June 2017
1,424,032
190,836
840
1,615,708
RAYMOND TURKINGTON (DECORATIONS) LIMITED
Notes to the Accounts
for the year ended 30 June 2018
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Investments
Subsidiary undertakings
Valuation at 1 July 2017
90
Valuation at 30 June 2018
90
Raw materials
309,532
290,361
Trade debtors
13,267
95,102
Amounts due from group undertakings etc.
2,963
2,963
Other debtors
490,594
387,152
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Creditors: amounts falling due within one year
2018
2017
Bank loans and overdrafts
304,120
285,646
Trade creditors
294,891
228,373
Amounts owed to group undertakings and other participating interests
501,952
567,435
Taxes and social security
71,693
59,774
Other creditors
104,482
22,500
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Creditors: amounts falling due after more than one year
2018
2017
Bank loans
268,307
337,554
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Average number of employees
During the year the average number of employees was 0 (2017: 0).