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Company registration number: |
02935746
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S.ANDREWS & SON (PWLLHELI) LIMITED
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REPORT OF THE DIRECTORS' AND |
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FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 January 2020
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S.ANDREWS & SON (PWLLHELI) LIMITED |
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BALANCE SHEET |
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AS AT 31 January 2020
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2020 |
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2019 |
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Notes |
£ |
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£ |
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£ |
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£ |
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FIXED ASSETS |
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Tangible assets |
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3 |
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7,974,755
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7,890,258
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Financial assets |
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4 |
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0
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1
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7,974,755
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7,890,259
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CURRENT ASSETS |
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Debtors |
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69,801
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202,583
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Cash at bank and in hand |
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292,884
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347,899
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362,685
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550,482
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CREDITORS |
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Amounts falling due within one year |
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(181,022) |
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(284,434) |
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NET CURRENT ASSETS |
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181,663
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266,048
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TOTAL ASSETS LESS |
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CURRENT LIABILITIES |
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8,156,418
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8,156,307
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Creditors falling due after one year |
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(3,980,116) |
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(4,013,441) |
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NET ASSETS |
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4,176,302
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4,142,866
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CAPITAL AND RESERVES |
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Called-up equity share capital |
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511,752
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511,752
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Revaluation Reserve |
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1,458,095
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1,458,095
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Profit and loss account |
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2,206,455
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2,173,019
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SHAREHOLDERS FUNDS |
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4,176,302
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4,142,866
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For the year ending 31 January 2020 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
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The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of the accounts.
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All the members have consented to the preparation of abridged financial statements for the year ended 31 January 2020 in accordance with Section 444(2A) of the Companies Act 2006.
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The profit and loss account has not been delivered to the Registrar of Companies in accordance with the special provisions applicable to companies subject to the small companies' regime. |
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These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006. Approved by the board of directors on 27 July 2020 and signed on its behalf.
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.......................................................................... |
G W Edwards - Director
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27 July 2020
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The annexed notes form part of these financial statements. |
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S.ANDREWS & SON (PWLLHELI) LIMITED |
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NOTES TO THE FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 JANUARY 2020 |
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1. |
Accounting policies |
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Basis of preparing the financial statements |
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The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).
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Turnover |
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Turnover represents rental income, service charges and commission
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Fixed Assets |
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Depreciation is calculated using the reducing balance method on the gross values of fixed assets without any deduction for government grants. The following rates are used:
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Plant25%
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Fixtures25%
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Deferred Taxation |
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Deferred Taxation is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
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Investment properties |
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No depreciation is provided on investment properties in order to give a true and fair view, in accordance with Statement of Standard Accounting Practice 19. The valuation of the investment properties has been provided by an independent firm of Chartered Surveyors, Bruton Knowles,who were instructed by the lenders. |
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2. |
Employees |
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The average number of employees during the year, including the directors was 5. (2019:5.)
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3. |
Tangible fixed assets |
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Total |
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Cost |
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At start of period |
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8,446,458
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Additions |
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112,656
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At end of period |
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8,559,114
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Depreciation |
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At start of period |
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556,200
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Provided during the period |
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28,160
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At end of period |
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584,360
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Net Book Value |
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At start of period |
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7,890,258
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At end of period |
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7,974,755
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