|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
Unaudited Financial Statements |
|
for the Year Ended 31 January 2019 |
|
for |
|
T. Poxon Engineering Limited |
|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
Unaudited Financial Statements |
|
for the Year Ended 31 January 2019 |
|
for |
|
T. Poxon Engineering Limited |
T. Poxon Engineering Limited (Registered number: 02220547) |
|
|
|
|
|
|
Contents of the Financial Statements |
for the Year Ended 31 January 2019 |
|
|
|
|
Page |
|
Balance Sheet | 1 |
|
Notes to the Financial Statements | 3 |
|
T. Poxon Engineering Limited (Registered number: 02220547) |
|
Balance Sheet |
31 January 2019 |
|
31.1.19 | 31.1.18 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
|
|
|
CURRENT ASSETS |
Stocks |
|
|
Debtors | 5 |
|
|
|
|
CREDITORS |
Amounts falling due within one year | 6 | ( |
) | ( |
) |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
|
|
|
CREDITORS |
Amounts falling due after more than one
year |
7 |
( |
) |
( |
) |
NET ASSETS |
|
|
|
CAPITAL AND RESERVES |
Called up share capital |
|
|
Share premium |
|
|
Revaluation reserve |
|
|
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS |
|
|
|
|
|
|
|
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. |
T. Poxon Engineering Limited (Registered number: 02220547) |
|
Balance Sheet - continued |
31 January 2019 |
|
|
|
|
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
|
The financial statements were approved by the director on
|
|
|
|
|
|
|
|
T. Poxon Engineering Limited (Registered number: 02220547) |
|
Notes to the Financial Statements |
for the Year Ended 31 January 2019 |
|
1. | STATUTORY INFORMATION |
|
T. Poxon Engineering Limited is a
|
company's registered number and registered office address are as below: |
|
Registered number: | 02220547 |
|
Registered office: | The Creamery |
Hilton Road |
Eggington Junction |
Eggington |
Derbyshire |
DE65 6GU |
|
2. | ACCOUNTING POLICIES |
|
Basis of preparing the financial statements |
|
|
Turnover |
Turnover is recognised when the company obtains the right to consideration. |
|
Stocks |
Work in progress is valued at the lower of cost and net realisable value. |
|
Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in |
bringing stocks to their present location and condition. |
|
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. |
|
Current or deferred taxation assets and liabilities are not discounted. |
|
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. |
|
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
balance sheet date. |
|
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
|
T. Poxon Engineering Limited (Registered number: 02220547) |
|
Notes to the Financial Statements - continued |
for the Year Ended 31 January 2019 |
|
4. | TANGIBLE FIXED ASSETS |
Freehold | Plant and | Motor | Computer |
property | machinery | vehicles | equipment | Totals |
£ | £ | £ | £ | £ |
COST OR VALUATION |
At 1 February 2018 |
and 31 January 2019 |
|
|
|
|
|
DEPRECIATION |
At 1 February 2018 |
and 31 January 2019 |
|
|
|
|
|
NET BOOK VALUE |
At 31 January 2019 |
|
|
|
|
|
At 31 January 2018 |
|
|
|
|
|
|
I |
|
Cost or valuation at 31 January 2019 is represented by: |
|
Freehold | Plant and | Motor | Computer |
property | machinery | vehicles | equipment | Totals |
£ | £ | £ | £ | £ |
Valuation in 2009 | 650,000 | - | - | - | 650,000 |
Cost | - | 63,565 | 9,200 | 17,848 | 90,613 |
650,000 | 63,565 | 9,200 | 17,848 | 740,613 |
|
If the freehold property had not been revalued it would have been included at the following historical cost: |
|
31.1.19 | 31.1.18 |
£ | £ |
Cost | 277,583 | 277,583 |
Aggregate depreciation | 48,155 | 48,155 |
|
Value of land in freehold land and buildings | 92,528 | 92,528 |
|
Freehold property valued on an open market basis on 11 February 2009 by Morgan & Company, Chartered Surveyors |
. |
|
The directors do not consider that the value of the property at 31 January 2019 |
to be significantly different to that stated in 2009, and accordingly have reversed the Impairment provided in |
prior years. |
|
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.1.19 | 31.1.18 |
£ | £ |
Trade debtors |
|
|
Other debtors |
|
|
|
|
T. Poxon Engineering Limited (Registered number: 02220547) |
|
Notes to the Financial Statements - continued |
for the Year Ended 31 January 2019 |
|
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.1.19 | 31.1.18 |
£ | £ |
Bank loans and overdrafts |
|
|
Trade creditors |
|
|
Taxation and social security |
|
|
Other creditors |
|
|
|
|
|
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
31.1.19 | 31.1.18 |
£ | £ |
Other creditors |
|
|
|
8. | SECURED DEBTS |
|
The following secured debts are included within creditors: |
|
31.1.19 | 31.1.18 |
£ | £ |
Bank overdraft |
|
|
Bank loans |
|
|
|
|
|
The bank loan is secured by a mortgage dated 16 September 1999 on the company's freehold property and |
fixed and floating charges over the company's other assets and undertakings. |