Registered Number
:
01571655
|
For the year ended 31 March 2018
England and Wales
Unaudited Financial Statements
For the year ended 31 March 2018
Melvyn Rutter Limited
Contents Page
1
Statement of Financial Position
2 to 6
Notes to the Financial Statements
Melvyn Rutter Limited
Statement of Financial Position
2017
2018
Property
,
plant and equipment
|
375,903
369,383
2
375,903
369,383
339,764
378,188
3
Trade and other receivables
|
721,198
594,658
4
99,938
Cash and cash equivalents
|
198,701
1,171,547
1,160,900
Trade and other payables
:
amounts falling due within one
|
year
|
(897,839)
(840,961)
5
263,061
330,586
Net current assets
Total assets less current liabilities
|
706,489
632,444
Trade and other payables
:
amounts falling due after more
|
than one year
|
(87,767)
(59,125)
6
(15,179)
(16,772)
Provisions for liabilities
|
632,185
Net assets
527,905
4
4
55,985
55,985
7
576,196
471,916
632,185
527,905
Shareholders' funds
For the year ended 31 March 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 of its financial statements for the year ended 31 March 2018 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.
|
1 of 6
For the year ended 31 March 2018
Melvyn Rutter Limited
Statement of Financial Position Continued
These financial statements were approved and authorised for issue by the Board on 05 December 2018 and were signed by:
|
The notes form part of these financial statements
|
2 of 6
For the year ended 31 March 2018
Melvyn Rutter Limited
Notes to the Financial Statements
Statutory Information
Melvyn Rutter Limited is a private limited company
,
limited by shares
,
domiciled in England and Wales
,
registration
|
number
01571655
.
|
The Morgan Garage, Lower Road
Little Hallingbury
Nr. Bishop's Stortford
Herts
CM22 7RA
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 as
|
modified by the revaluation of certain assets
.
|
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:
|
The company
''
s freehold properties were professionally valued in
1994
.
This valuation has been reduced by
|
subsequent depreciation
.
Under the transitional provisions of the Financial Reporting Standard for Smaller Entities
|
(
effective January
2015
)
the properties continue to be stated at that valuation less accumulated depreciation to date
|
and that valuation has not been updated
.
|
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
|
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.
|
3 of 6
For the year ended 31 March 2018
Melvyn Rutter Limited
Notes to the Financial Statements Continued
2
.
Property
,
plant and equipment
|
Motor vehicles
750,712
38,145
131,602
102,535
478,430
39,480
7,810
-
31,670
-
(9,477)
-
(25,777)
-
(35,254)
108,428
131,602
36,478
754,938
478,430
Provision for depreciation and impairment
|
381,329
33,713
123,905
43,038
180,673
Charge for year
27,590
2,355
1,171
16,140
7,924
(29,884)
(9,477)
-
(20,407)
-
379,035
26,591
125,076
38,771
188,597
289,833
69,657
6,526
9,887
375,903
297,757
59,497
7,697
4,432
369,383
2017
2018
378,188
339,764
4
.
Trade and other receivables
|
2017
2018
31,870
101,673
562,788
619,525
721,198
594,658
4 of 6
For the year ended 31 March 2018
Melvyn Rutter Limited
Notes to the Financial Statements Continued
5
.
Trade and other payables
:
amounts falling due within one year
|
2017
2018
Bank loans and overdraft
(
secured
)
|
29,672
29,672
273,571
341,622
Taxation and social security
|
43,147
16,910
494,571
509,635
840,961
897,839
6
.
Trade and other payables
:
amounts falling due after more than one year
|
2017
2018
Bank loans and overdraft
(
secured
)
|
59,125
87,767
Revaluation reserve at
01
April
2017
|
55,985
55,985
Revaluation reserve at
31
March
2018
|
8
.
Related party transactions
|
Include in the accounts are sales of £
156
,
092
(
2017
-
£
155
,
583
)
and management charges of £
8
,
586
(
2017
-
|
£
8
,
383
)
to Melvyn Rutter Overseas Ltd
,
a company in which M
.
T
.
Rutter and S
.
R
.
Rutter are directors and
|
shareholders
.
The amount due to this company at
31
st March
2018
of £
92
,
026
(
2017
-
£
96
,
768
)
is included in
|
creditors due within one year
.
Interest of £
423
(
2017
-
£
410
)
was payable to Melvyn Rutter Overseas Ltd for the
|
year
.
|
There are sales of £
1
,
108
(
2017
-
£
4
,
508
)
to Plus
2
Engineering Ltd
,
a company in which M
.
T
.
Rutter and S
.
R
.
|
Rutter are directors and shareholders
.
The amount due to this company at
31
st March
2018
of £
16
,
185
(
2017
-
|
£
10
,
342
)
is included in creditors due within one year
.
|
Interest of £
1
,
459
(
2017
-
£
917
)
was payable to M
.
T
.
Rutter for the year on amounts loaned to the company
.
At
|
31
st March
2018
M
.
T
.
Rutter was owed £
93
,
781
(
2017
-
£
82
,
458
)
by the company which is included in creditors due
|
within one year
.
|
Interest of £
1
,
908
(
2017
-
£
1
,
841
)
was payable to S
.
R
.
Rutter for the year on amounts loaned to the company
.
At
|
31
st March
2018
S
.
R
.
Rutter was owed £
79
,
313
(
2017
-
£
79
,
569
)
by the company which is included in creditors due
|
within one year
.
|
The company paid rent of £
18
,
000
(
2017
-
£
18
,
000
)
to the Rutter Childrens
'
Trust
.
At
31
st March
2018
the amount
|
due from the Trust was £
502
,
884
(
2017
-
£
519
,
456
).
|
The company is controlled by M
.
T
.
Rutter by virtue of his own shareholding and day to day management of the
|
company
.
|
5 of 6
For the year ended 31 March 2018
Melvyn Rutter Limited
Notes to the Financial Statements Continued
6 of 6