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Unaudited Financial Statements for the Year Ended 30 April 2018 |
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Thompson Crabtree Limited |
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REGISTERED NUMBER:
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Unaudited Financial Statements for the Year Ended 30 April 2018 |
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for |
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Thompson Crabtree Limited |
Thompson Crabtree Limited (Registered number: 00656043) |
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Contents of the Financial Statements |
for the Year Ended 30 April 2018 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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Thompson Crabtree Limited |
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Company Information |
for the Year Ended 30 April 2018 |
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DIRECTOR: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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176 Monton Road |
Monton |
Greater Manchester |
M30 9GA |
Thompson Crabtree Limited (Registered number: 00656043) |
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Balance Sheet |
30 April 2018 |
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30.4.18 | 30.4.17 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
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Tangible assets | 5 |
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CURRENT ASSETS |
Stocks | 6 |
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Debtors | 7 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 8 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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PROVISIONS FOR LIABILITIES | 11 |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 12 |
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Retained earnings | 13 |
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SHAREHOLDERS' FUNDS |
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The director acknowledges his 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. |
Thompson Crabtree Limited (Registered number: 00656043) |
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Balance Sheet - continued |
30 April 2018 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the director on
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Thompson Crabtree Limited (Registered number: 00656043) |
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Notes to the Financial Statements |
for the Year Ended 30 April 2018 |
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1. | STATUTORY INFORMATION |
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Thompson Crabtree Limited is a
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company's registered number and registered office address can be found on the Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
value added tax and other sales taxes. |
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Goodwill |
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Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost |
less any accumulated amortisation and any accumulated impairment losses. |
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Tangible fixed assets |
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Freehold property | - |
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Long leasehold | - |
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Plant and machinery | - |
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Fixtures and fittings | - |
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Motor vehicles | - |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and |
slow moving items. |
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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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 balance sheet date. |
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Thompson Crabtree Limited (Registered number: 00656043) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 April 2018 |
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2. | ACCOUNTING POLICIES - continued |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
balance sheet date. |
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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. |
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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. |
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Hire purchase and leasing commitments |
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those |
held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance |
leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
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The interest element of these obligations is charged to profit or loss over the relevant period. The capital |
element of the future payments is treated as a liability. |
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Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the |
lease. |
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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. |
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Leased assets |
Where assets are financed by leasing agreements that give rights approximating to ownership ('finance leases') |
the assets are treated as if they had been purchased outright. The amount capitalised is the fair value of the |
asset concerned. |
The corresponding liability to the leasing company is included as an obligation under finance leases. |
Depreciation on leased assets is charged to the profit and loss account over the shorter of the lease terms and |
their useful lives. |
Leasing payments are treated as consisting of capital and interest: interest is charged to the profit and loss |
account on a basis which is considered to be a reasonable approximation to a constant rate of charge on the |
outstanding balance. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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Thompson Crabtree Limited (Registered number: 00656043) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 April 2018 |
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4. | INTANGIBLE FIXED ASSETS |
Goodwill |
£ |
COST |
At 1 May 2017 |
and 30 April 2018 |
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AMORTISATION |
At 1 May 2017 |
and 30 April 2018 |
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NET BOOK VALUE |
At 30 April 2018 |
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At 30 April 2017 |
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5. | TANGIBLE FIXED ASSETS |
Freehold | Long | Plant and |
property | leasehold | machinery |
£ | £ | £ |
COST |
At 1 May 2017 |
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Additions |
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Disposals |
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At 30 April 2018 |
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DEPRECIATION |
At 1 May 2017 |
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Charge for year |
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Eliminated on disposal |
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At 30 April 2018 |
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NET BOOK VALUE |
At 30 April 2018 |
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At 30 April 2017 |
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Thompson Crabtree Limited (Registered number: 00656043) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 April 2018 |
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5. | TANGIBLE FIXED ASSETS - continued |
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Fixtures |
and | Motor |
fittings | vehicles | Totals |
£ | £ | £ |
COST |
At 1 May 2017 |
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Additions |
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Disposals |
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At 30 April 2018 |
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DEPRECIATION |
At 1 May 2017 |
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Charge for year |
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Eliminated on disposal |
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( |
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At 30 April 2018 |
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NET BOOK VALUE |
At 30 April 2018 |
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At 30 April 2017 |
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6. | STOCKS |
30.4.18 | 30.4.17 |
£ | £ |
Stocks |
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7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.4.18 | 30.4.17 |
£ | £ |
Trade debtors |
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Other debtors |
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VAT |
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Prepayments and accrued income |
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8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.4.18 | 30.4.17 |
£ | £ |
Bank loans and overdrafts (see note 9) |
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Trade creditors |
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Tax |
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Social security and other taxes |
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Other creditors |
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Directors' current accounts | 92,013 | 200 |
Accrued expenses |
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Thompson Crabtree Limited (Registered number: 00656043) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 April 2018 |
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9. | LOANS |
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An analysis of the maturity of loans is given below: |
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30.4.18 | 30.4.17 |
£ | £ |
Amounts falling due within one year or on demand: |
Bank loans |
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Bank loans and overdraft are secured by a first legal charge over 225 & 225A Monton Road and 2A Francis |
Street, Eccles Manchester. |
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10. | LEASING AGREEMENTS |
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Minimum lease payments under non-cancellable operating leases fall due as follows: |
30.4.18 | 30.4.17 |
£ | £ |
In more than five years |
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11. | PROVISIONS FOR LIABILITIES |
30.4.18 | 30.4.17 |
£ | £ |
Deferred tax | 1,652 | 4,454 |
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Deferred |
tax |
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Balance at 1 May 2017 |
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Credit to Statement of Comprehensive Income during year | ( |
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Balance at 30 April 2018 |
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12. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 30.4.18 | 30.4.17 |
value: | £ | £ |
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Ordinary | £1 | 500 | 500 |
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13. | RESERVES |
Retained |
earnings |
£ |
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At 1 May 2017 |
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Profit for the year |
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At 30 April 2018 |
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Thompson Crabtree Limited (Registered number: 00656043) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 April 2018 |
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14. | CONTINGENT LIABILITIES |
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The company has a possible contingent liability with its landlord, in that following the last rent review the |
anticipated increase has not yet been charged to the company. No provision has been made in the financial |
statements as the precise amount of the increase is unknown. |
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15. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
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The following advances and credits to a director subsisted during the years ended 30 April 2018 and |
30 April 2017: |
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30.4.18 | 30.4.17 |
£ | £ |
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Balance outstanding at start of year |
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Amounts advanced |
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Amounts repaid |
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Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
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The loan is subject to interest at 2.5%, repayable within one year. |
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16. | RELATED PARTY DISCLOSURES |
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The company is under the control of the director V E Smith. |
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Included in creditors is a director's loan to the company from Mr V E Smith of £92,014 ( 2017 - £152). The |
loan is interest free and repayable on demand. |