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Unaudited Financial Statements for the Year Ended 31 May 2016 |
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H. A. NEWALL & CO (MERSEYSIDE) LIMITED |
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Unaudited Financial Statements for the Year Ended 31 May 2016 |
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for |
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H. A. NEWALL & CO (MERSEYSIDE) LIMITED |
H. A. NEWALL & CO (MERSEYSIDE) LIMITED (Registered number: 01612600) |
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Contents of the Financial Statements |
for the Year Ended 31 May 2016 |
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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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Chartered Accountants' Report | 8 |
H. A. NEWALL & CO (MERSEYSIDE) LIMITED |
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Company Information |
for the Year Ended 31 May 2016 |
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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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Enterprise House |
The Courtyard |
Old Courthouse Road |
Bromborough |
Merseyside |
CH62 4UE |
H. A. NEWALL & CO (MERSEYSIDE) LIMITED (Registered number: 01612600) |
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Balance Sheet |
31 May 2016 |
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31.5.16 | 31.5.15 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 3 |
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CURRENT ASSETS |
Stocks |
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Debtors | 4 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 5 |
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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 |
6 |
( |
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( |
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PROVISIONS FOR LIABILITIES | ( |
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NET LIABILITIES | ( |
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CAPITAL AND RESERVES |
Called up share capital | 7 |
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Retained earnings | 8 | ( |
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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. |
H. A. NEWALL & CO (MERSEYSIDE) LIMITED (Registered number: 01612600) |
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Balance Sheet - continued |
31 May 2016 |
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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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H. A. NEWALL & CO (MERSEYSIDE) LIMITED (Registered number: 01612600) |
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Notes to the Financial Statements |
for the Year Ended 31 May 2016 |
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1. | STATUTORY INFORMATION |
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H. A. NEWALL & CO (MERSEYSIDE) LIMITED is a
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England and Wales. The 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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The financial statements have been prepared on the basis that the enterprise will continue in |
operational existence for the foreseeable future. This means in particular that the profit and loss |
account and balance sheet assume no intention nor necessity to liquidate nor curtail significantly the |
scale of operation. Further, the financial statements have been prepared on the basis that continued |
support will be given by the company's bankers and creditors. |
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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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Land and buildings | - | 2% on cost |
Plant and machinery etc | - | 33% on cost, 25% on reducing balance and 10% on reducing balance pro rata |
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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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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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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. |
H. A. NEWALL & CO (MERSEYSIDE) LIMITED (Registered number: 01612600) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 May 2016 |
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3. | TANGIBLE FIXED ASSETS |
Fixtures |
Freehold | Plant and | and |
property | machinery | fittings |
£ | £ | £ |
COST |
At 1 June 2015 |
and 31 May 2016 |
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DEPRECIATION |
At 1 June 2015 |
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Charge for year |
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At 31 May 2016 |
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NET BOOK VALUE |
At 31 May 2016 |
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At 31 May 2015 |
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Motor | Computer |
vehicles | equipment | Totals |
£ | £ | £ |
COST |
At 1 June 2015 |
and 31 May 2016 |
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DEPRECIATION |
At 1 June 2015 |
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Charge for year |
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At 31 May 2016 |
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NET BOOK VALUE |
At 31 May 2016 |
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At 31 May 2015 |
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4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.5.16 | 31.5.15 |
£ | £ |
Trade debtors |
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Other debtors |
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5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.5.16 | 31.5.15 |
£ | £ |
Trade creditors |
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Taxation and social security |
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Other creditors |
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H. A. NEWALL & CO (MERSEYSIDE) LIMITED (Registered number: 01612600) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 May 2016 |
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6. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
31.5.16 | 31.5.15 |
£ | £ |
Other creditors |
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7. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.5.16 | 31.5.15 |
value: | £ | £ |
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Ordinary Shares | £1 | 1,000 | 1,000 |
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8. | RESERVES |
Retained |
earnings |
£ |
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At 1 June 2015 | ( |
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Profit for the year |
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At 31 May 2016 | ( |
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H. A. NEWALL & CO (MERSEYSIDE) LIMITED (Registered number: 01612600) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 May 2016 |
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9. | RELATED PARTY DISCLOSURES |
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During the year under review the company has purchased materials and equipment to the value of |
£5,869 and made sales to the value of £77,662 from/to Intergrated Communication Systems Ltd. The |
company is an associated company which director John Smith had full control until April 2016. |
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The company also owes £83,145 to Intergrated Communication Systems Ltd. The transaction is a |
short to medium term loan which bears no interest. |
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Amounts owed from and to Intergrated Communications Systems Ltd at the year end were £6,446 and |
£1,634 respectively. |
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Also in the year under review the company has purchased materials and equipment to the value of |
£1,854 and made sales to the value of £2,065 from/to Plettac Security UK Ltd. The company is a |
subsidiary of Intergrated Communication Systems which director John Smith had full control until April |
2016. |
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The company also owes £15,000 to Intergrated Communication Systems Ltd. The transaction is a |
short to medium term loan which bears no interest. |
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Amounts owed from and to Plettac Security UK Ltd at the year end were £4,832 and £18,575 |
respectively. |
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Also in the year under review the company has purchased materials and equipment to the value of |
£740 and made sales to the value of £Nil from/to Orchard Fire & Security Ltd. The company is a |
subsidiary of Plettac Security UK Ltd which director John Smith ultimately had full control through his |
ownership of Intergrated Communication Systems Ltd until April 2016. |
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Amounts owed from and to Orchard Fire & Security Ltd Ltd at the year end were Nil and £480 |
respectively. |
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Also in the year under review the company has purchased materials and equipment to the value of Nil |
and made sales to the value of £4,178 from/to The Salutations Public House Ltd.The company is an |
associated company which director John Smith has full control. The company ceased to be an |
associate in April 2016. |
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Amounts owed from and to The Salutations Public House Ltd at the year end were £5,013 and Nil |
respectively. |
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All transactions detailed above are considered to be on an arm's length basis. |
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10. | ULTIMATE CONTROLLING PARTY |
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Director J.Smith is deemed to be the ultimate controlling party by virtue of his controlling influence. |
Chartered Accountants' Report to the Director |
on the Unaudited Financial Statements of |
H. A. NEWALL & CO (MERSEYSIDE) LIMITED |
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The following reproduces the text of the report prepared for the director and members in respect of |
the company's annual unaudited financial statements. In accordance with the Companies Act 2006, |
the company is only required to file a Balance Sheet. Readers are cautioned that the Income |
Statement and certain other primary statements and the Report of the Director are not required to be |
filed with the Registrar of Companies. |
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In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval |
the financial statements of H. A. NEWALL & CO (MERSEYSIDE) LIMITED for the year ended 31 May 2016 |
which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting |
records and from information and explanations you have given us. |
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As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
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This report is made solely to the director of H. A. NEWALL & CO (MERSEYSIDE) LIMITED in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of H. A. NEWALL & CO (MERSEYSIDE) LIMITED and state those matters that we have agreed to state to the director of H. A. NEWALL & CO (MERSEYSIDE) LIMITED in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than H. A. NEWALL & CO (MERSEYSIDE) LIMITED director for our work or for this report. |
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It is your duty to ensure that H. A. NEWALL & CO (MERSEYSIDE) LIMITED has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of H. A. NEWALL & CO (MERSEYSIDE) LIMITED. You consider that H. A. NEWALL & CO (MERSEYSIDE) LIMITED is exempt from the statutory audit requirement for the year. |
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We have not been instructed to carry out an audit or a review of the financial statements of H. A. NEWALL & CO (MERSEYSIDE) LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
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Enterprise House |
The Courtyard |
Old Courthouse Road |
Bromborough |
Merseyside |
CH62 4UE |
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Date: ............................................. |