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Unaudited Financial Statements for the Year Ended 31 January 2017 |
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D.H.Wood (Shopfitting) Limited |
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REGISTERED NUMBER:
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Unaudited Financial Statements for the Year Ended 31 January 2017 |
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for |
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D.H.Wood (Shopfitting) Limited |
D.H.Wood (Shopfitting) Limited (Registered number: 00895875) |
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Contents of the Financial Statements |
for the Year Ended 31 January 2017 |
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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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D.H.Wood (Shopfitting) Limited |
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Company Information |
for the Year Ended 31 January 2017 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Certified Accountants |
2 Clarendon Road |
Ashford |
Middlesex |
TW15 2QE |
D.H.Wood (Shopfitting) Limited (Registered number: 00895875) |
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Balance Sheet |
31 January 2017 |
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31.1.17 | 31.1.16 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Debtors | 5 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
7 |
( |
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( |
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PROVISIONS FOR LIABILITIES | ( |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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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 |
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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. |
D.H.Wood (Shopfitting) Limited (Registered number: 00895875) |
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Balance Sheet - continued |
31 January 2017 |
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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 Board of Directors on
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D.H.Wood (Shopfitting) Limited (Registered number: 00895875) |
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Notes to the Financial Statements |
for the Year Ended 31 January 2017 |
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1. | STATUTORY INFORMATION |
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D.H.Wood (Shopfitting) 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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Tangible fixed assets |
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Plant and machinery etc | - |
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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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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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Operating leases |
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with |
the lessor are charged to profit and loss as incurred. |
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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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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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D.H.Wood (Shopfitting) Limited (Registered number: 00895875) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 January 2017 |
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4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
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COST |
At 1 February 2016 |
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Additions |
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Disposals | ( |
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At 31 January 2017 |
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DEPRECIATION |
At 1 February 2016 |
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Charge for year |
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Eliminated on disposal | ( |
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At 31 January 2017 |
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NET BOOK VALUE |
At 31 January 2017 |
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At 31 January 2016 |
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Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
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Plant and |
machinery |
etc |
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COST |
At 1 February 2016 |
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Additions |
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Disposals | ( |
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At 31 January 2017 |
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DEPRECIATION |
At 1 February 2016 |
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Charge for year |
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Eliminated on disposal | ( |
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At 31 January 2017 |
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NET BOOK VALUE |
At 31 January 2017 |
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At 31 January 2016 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.1.17 | 31.1.16 |
£ | £ |
Trade debtors |
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Other debtors |
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D.H.Wood (Shopfitting) Limited (Registered number: 00895875) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 January 2017 |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.1.17 | 31.1.16 |
£ | £ |
Bank loans and overdrafts |
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Hire purchase contracts (see note 8) |
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Trade creditors |
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Taxation and social security |
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Other creditors |
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7. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
31.1.17 | 31.1.16 |
£ | £ |
Bank loans |
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Hire purchase contracts (see note 8) |
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Amounts falling due in more than five years: |
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Repayable by instalments |
Bank loans more than 5 years |
by instalments | - | 2,851 |
- | 2,851 |
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8. | LEASING AGREEMENTS |
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The company has an operating lease, expiring on 4th December 2022, in respect of rent payable at a rate of |
£22000 per annum or the fair market rent whichever is the higher. |
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9. | SECURED DEBTS |
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The following secured debts are included within creditors: |
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31.1.17 | 31.1.16 |
£ | £ |
Bank loans |
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D.H.Wood (Shopfitting) Limited (Registered number: 00895875) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 January 2017 |
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10. | RELATED PARTY DISCLOSURES |
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During the year the company paid rent of £6,600 (2016: £6,600) to the director and shareholder N D Wood. |
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During the year the company paid rent of £4,400 (2016: £4,400) to a self-invested personal pension scheme held |
for the benefit of N D Wood. |
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During the year the company paid rent of £6,600 (2016: £6,600) to the director and shareholder I Wood. |
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During the year the company paid rent of £4,400 (2016: £4,400) to a self-invested personal pension scheme held |
for the benefit of I Wood. |
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Included in Debtors is a loan of £91,930 due from Ashwood Properties Ltd a company in which N D Wood and I |
Wood are directors. |
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Of the above £12,000 arose from sums paid during the year to D H Wood & Mrs M P Wood in part settlement of |
a loan due to them from Ashwood Properties Limited. |
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11. | CONTINGENT GAIN |
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The company has been involved in a legal trade dispute. The company won the case and in January 2013 was |
awarded costs. The company estimates that they will recover costs, incurred over the period of the dispute, in the |
region of £40,000 to £50,000. This contingent gain is subject to final assessment and settlement. |