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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 28 FEBRUARY 2019 |
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STEELE'S REMOVALS LIMITED |
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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 28 FEBRUARY 2019 |
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FOR |
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STEELE'S REMOVALS LIMITED |
STEELE'S REMOVALS LIMITED (REGISTERED NUMBER: 03082686) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 28 FEBRUARY 2019 |
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Page |
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Company Information | 1 |
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Abridged Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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STEELE'S REMOVALS LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 28 FEBRUARY 2019 |
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DIRECTOR: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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BANKERS: |
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86-88 Dalton Road |
Barrow in Furness |
Cumbria |
LA14 1JF |
STEELE'S REMOVALS LIMITED (REGISTERED NUMBER: 03082686) |
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ABRIDGED BALANCE SHEET |
28 FEBRUARY 2019 |
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28.2.19 | 28.2.18 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
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Tangible assets | 5 |
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Investment property | 6 |
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CURRENT ASSETS |
Stocks |
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Debtors |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year |
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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 |
( |
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( |
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PROVISIONS FOR LIABILITIES | ( |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 8 |
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Retained earnings |
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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. |
STEELE'S REMOVALS LIMITED (REGISTERED NUMBER: 03082686) |
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ABRIDGED BALANCE SHEET - continued |
28 FEBRUARY 2019 |
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In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
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The financial statements were approved by the director on
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STEELE'S REMOVALS LIMITED (REGISTERED NUMBER: 03082686) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 28 FEBRUARY 2019 |
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1. | STATUTORY INFORMATION |
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Steele's Removals Limited is a
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company's registered number and registered office address can be found on the Company Information page. |
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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover represents net invoiced sales of goods and services, excluding VAT. |
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Goodwill |
Goodwill purchased in a prior year has been fully amortised. |
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Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost |
less any accumulated amortisation and any accumulated impairment losses. |
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Tangible fixed assets |
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Freehold property | - |
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Leasehold property | - |
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Plant and machinery | - |
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Fixtures and fittings | - |
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Motor vehicles | - |
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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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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. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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STEELE'S REMOVALS LIMITED (REGISTERED NUMBER: 03082686) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 28 FEBRUARY 2019 |
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4. | INTANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1 March 2018 |
and 28 February 2019 |
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AMORTISATION |
At 1 March 2018 |
and 28 February 2019 |
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NET BOOK VALUE |
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At 28 February 2019 |
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At 28 February 2018 |
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5. | TANGIBLE FIXED ASSETS |
Totals |
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COST |
At 1 March 2018 |
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Additions |
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Disposals | ( |
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At 28 February 2019 |
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DEPRECIATION |
At 1 March 2018 |
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Charge for year |
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Eliminated on disposal | ( |
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At 28 February 2019 |
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NET BOOK VALUE |
At 28 February 2019 |
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At 28 February 2018 |
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The net book value of tangible fixed assets includes £243,544 (2018: £249,503) in respect of assets held under |
hire purchase agreements. The amount of depreciation in respect of such assets amounted to £76,150 (2018: |
£71,588) for the year. |
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6. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 March 2018 |
and 28 February 2019 |
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NET BOOK VALUE |
At 28 February 2019 |
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At 28 February 2018 |
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STEELE'S REMOVALS LIMITED (REGISTERED NUMBER: 03082686) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 28 FEBRUARY 2019 |
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6. | INVESTMENT PROPERTY - continued |
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All of the company's investment properties are held for long-term investment and are included in the Balance |
Sheet at cost which is a departure from Financial Reporting Standard 102. |
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Depreciation is not provided in respect of investment properties which is a departure from Financial Reporting |
Standard 102 the Companies Act 2006. Depreciation if provided would not have been of a material nature. |
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7. | SECURED DEBTS |
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The following secured debts are included within creditors: |
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28.2.19 | 28.2.18 |
£ | £ |
Hire Purchase | 155,746 | 174,300 |
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8. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 28.2.19 | 28.2.18 |
value: | £ | £ |
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A ordinary | £1 | 2 | 2 |
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B ordinary | £1 | 1 | 1 |
3 | 3 |
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The B ordinary shares are non equity ordinary shares the holders having no equity participation rights other than |
the right to receive dividends. |
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9. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
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The directors had no material interest in any contract with the company during the financial period. |
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10. | ULTIMATE CONTROLLING PARTY |
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The company is controlled by Mr D R Steele . |