Company Registration No. 02420928 (England and Wales)
DOWNSVIEW (SNODLAND) LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2017
PAGES FOR FILING WITH REGISTRAR
DOWNSVIEW (SNODLAND) LTD
COMPANY INFORMATION
Directors
Mr P Misy
Mrs C Lambert
R Bruty
Secretary
Mr P Misy
Company number
02420928
Registered office
19-21 Swan Street
West Malling
Kent
ME19 6JU
Accountants
Perrys Accountants Limited
Chartered Accountants
1 Alpha House
Laser Quay, Culpeper Close
Medway City Estate
Rochester
Kent
ME2 4HU
DOWNSVIEW (SNODLAND) LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
DOWNSVIEW (SNODLAND) LTD (REGISTERED NUMBER: 02420928)
BALANCE SHEET
AS AT
31 MARCH 2017
31 March 2017
- 1 -
2017
2016
Notes
£
£
£
£
Fixed assets
Tangible assets
3
1,142
1,523
Current assets
Stocks
3,685
5,977
Debtors
4
2
2
Cash at bank and in hand
15,922
9,026
19,609
15,005
Creditors: amounts falling due within one year
5
(43,282)
(36,636)
Net current liabilities
(23,673)
(21,631)
Total assets less current liabilities
(22,531)
(20,108)
Provisions for liabilities
-
(225)
Net liabilities
(22,531)
(20,333)
Capital and reserves
Called up share capital
6
2
2
Profit and loss reserves
(22,533)
(20,335)
Total equity
(22,531)
(20,333)
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.
true
For the financial year ended 31 March 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
T
he directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
T
he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
DOWNSVIEW (SNODLAND) LTD (REGISTERED NUMBER: 02420928)
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2017
31 March 2017
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 22 December 2017 and are signed on its behalf by:
Mr P Misy
Director
DOWNSVIEW (SNODLAND) LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2017
- 3 -
1
Accounting policies
Company information
Downsview (Snodland) Ltd is a
private
company
limited by shares
incorporated in England and Wales.
The registered office is
19-21 Swan Street, West Malling, Kent, ME19 6JU.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in
sterling
, which is the functional currency of the company.
Monetary a
mounts
in these financial statements are
rounded to the nearest £
1
.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business
, and
is shown net of VAT and other sales related taxes
.
1.3
Tangible fixed assets
Tangible fixed assets
are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Fixtures, fittings & equipment
25% on reducing balance
1.4
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.
1.5
Cash at bank and in hand
Cash at bank and in hand
are basic financial assets
and
include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts
.
1.6
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
DOWNSVIEW (SNODLAND) LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2017
- 4 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was 3 (2016 - 3).
3
Tangible fixed assets
Fixtures, fittings & equipment
£
Cost
At 1 April 2016 and 31 March 2017
6,596
Depreciation and impairment
At 1 April 2016
5,073
Depreciation charged in the year
381
At 31 March 2017
5,454
Carrying amount
At 31 March 2017
1,142
At 31 March 2016
1,523
4
Debtors
2017
2016
Amounts falling due within one year:
£
£
Other debtors
2
2
5
Creditors: amounts falling due within one year
2017
2016
£
£
Other creditors
43,282
36,636
6
Called up share capital
2017
2016
£
£
Ordinary share capital
Issued and fully paid
2 Ordinary of £1 each
2
2
2
2
DOWNSVIEW (SNODLAND) LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2017
- 5 -
7
Controlling party
The company is controlled by
Snodland Community Centre
by virtue of it's shareholding.