|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Financial Statements for the Year Ended 31 January 2017 |
|
for |
|
Herbert Lewis (Drapers & Furnishers) |
Limited |
|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Financial Statements for the Year Ended 31 January 2017 |
|
for |
|
Herbert Lewis (Drapers & Furnishers) |
Limited |
Herbert Lewis (Drapers & Furnishers) |
Limited (Registered number: 00567605) |
|
|
|
|
|
|
Contents of the Financial Statements |
for the Year Ended 31 January 2017 |
|
|
|
|
Page |
|
Company Information | 1 |
|
Balance Sheet | 2 |
|
Notes to the Financial Statements | 3 |
|
Herbert Lewis (Drapers & Furnishers) |
Limited |
|
Company Information |
for the Year Ended 31 January 2017 |
|
|
|
|
|
|
|
DIRECTORS: |
|
|
|
|
|
|
|
|
|
|
|
|
SECRETARY: |
|
|
|
|
|
|
REGISTERED OFFICE: |
|
|
|
|
|
|
|
|
|
REGISTERED NUMBER: |
|
|
|
|
|
|
ACCOUNTANTS: |
|
9 Cider Mill Close |
Chepstow |
Monmouthshire |
NP16 5RY |
Herbert Lewis (Drapers & Furnishers) |
Limited (Registered number: 00567605) |
|
Balance Sheet |
31 January 2017 |
|
31.1.17 | 31.1.16 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
|
|
|
CURRENT ASSETS |
Stocks |
|
|
Debtors | 5 |
|
|
Cash in hand |
|
|
|
|
CREDITORS |
Amounts falling due within one year | 6 |
|
|
NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
|
TOTAL ASSETS LESS CURRENT
LIABILITIES |
|
|
|
CAPITAL AND RESERVES |
Called up share capital |
|
|
Revaluation reserve | 7 |
|
|
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS |
|
|
|
|
|
|
|
The directors acknowledge their 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. |
|
|
|
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
|
The financial statements were approved by the Board of Directors on
|
|
|
|
|
|
|
|
Herbert Lewis (Drapers & Furnishers) |
Limited (Registered number: 00567605) |
|
Notes to the Financial Statements |
for the Year Ended 31 January 2017 |
|
1. | STATUTORY INFORMATION |
|
Herbert Lewis (Drapers & Furnishers) Limited is a
|
and Wales. The company's registered number and registered office address can be found on the Company |
Information page. |
|
2. | ACCOUNTING POLICIES |
|
Basis of preparing the financial statements |
|
|
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
value added tax and other sales taxes. |
|
Tangible fixed assets |
|
Land and buildings | - |
|
Plant and machinery etc | - |
|
|
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
moving items. The cost of stock includes retail discounts from stock mark downs. |
|
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the |
lease. |
|
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. |
|
3. | EMPLOYEES AND DIRECTORS |
|
The average number of employees during the year was
|
Herbert Lewis (Drapers & Furnishers) |
Limited (Registered number: 00567605) |
|
Notes to the Financial Statements - continued |
for the Year Ended 31 January 2017 |
|
4. | TANGIBLE FIXED ASSETS |
Fixtures |
Freehold | and | Motor | Computer |
property | fittings | vehicles | equipment | Totals |
£ | £ | £ | £ | £ |
COST |
At 1 February 2016 |
|
|
|
|
|
Additions |
|
|
|
|
|
At 31 January 2017 |
|
|
|
|
|
DEPRECIATION |
At 1 February 2016 |
|
|
|
|
|
Charge for year |
|
|
|
|
|
At 31 January 2017 |
|
|
|
|
|
NET BOOK VALUE |
At 31 January 2017 |
|
|
|
|
|
At 31 January 2016 |
|
|
|
|
|
|
The revaluation undertaken in August 2016, prior to the signing off of the annual accounts for the year ended |
31st January 2016 is considered to be adequate for the valuation purposes of the year-end accounts. The land |
value of £250,000 will not be depreciated however the building value of £950,000 will be depreciated over the |
next 50 years being the considered life of the building, subject to future revaluations as required. |
|
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.1.17 | 31.1.16 |
£ | £ |
Trade debtors |
|
|
Other debtors |
|
|
|
|
|
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.1.17 | 31.1.16 |
£ | £ |
Bank loans and overdrafts |
|
|
Trade creditors |
|
|
Taxation and social security |
|
|
Other creditors |
|
|
|
|
|
7. | RESERVES |
Revaluation |
reserve |
£ |
At 1 February 2016 |
and 31 January 2017 |
|
Herbert Lewis (Drapers & Furnishers) |
Limited (Registered number: 00567605) |
|
Notes to the Financial Statements - continued |
for the Year Ended 31 January 2017 |
|
8. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
|
A loan of £30,000 was received from Mr AW Griffith and Mrs JD Griffith in the year ended 31st January 2017. |
The balance outstanding as at 31.01.17 was £30,000. The loan has no fixed repayment terms or interest applying. |