Company Registration No. 03198371 (England and Wales)
HOME FRONT LIMITED
Unaudited accounts
for the year ended 31 October 2017
HOME FRONT LIMITED
Unaudited accounts
Contents
HOME FRONT LIMITED
Company Information
for the year ended 31 October 2017
Directors
JOHN SLATER
CHRISTINE SLATER
Company Number
03198371 (England and Wales)
Registered Office
Unit 4, Oakley Business Park,
Dinton Road Wylie,
Salisbury,
Wiltshire.
SP3 5EU
United Kingdom
Accountants
AMETHYST ACCOUNTANCY LIMITED
Guildford. UK
HOME FRONT LIMITED
Statement of financial position
as at
31 October 2017
Tangible assets
5,723
7,471
Inventories
39,870
27,523
Cash at bank and in hand
73,540
121,059
Creditors: amounts falling due within one year
(15,735)
(72,486)
Net current assets
107,486
105,515
Total assets less current liabilities
113,209
112,986
Provisions for liabilities
Net assets
112,121
112,986
Called up share capital
150
150
Profit and loss account
111,971
112,836
Shareholders' funds
112,121
112,986
For the year ending 31 October 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 25 July 2018.
JOHN SLATER
Director
Company Registration No. 03198371
HOME FRONT LIMITED
Notes to the Accounts
for the year ended 31 October 2017
HOME FRONT LIMITED is a private company, limited by shares, registered in England and Wales, registration number 03198371. The registered office is Unit 4, Oakley Business Park,, Dinton Road Wylie,, Salisbury,, Wiltshire., SP3 5EU, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
reducing balance method 15% to 50% per annum
Motor vehicles
reducing balance method 25% to 50% per annum
Fixtures & fittings
reducing balance method 5% to 50% per annum
HOME FRONT LIMITED
Notes to the Accounts
for the year ended 31 October 2017
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 November 2016
9,079
6,925
16,004
At 31 October 2017
9,270
6,925
16,195
At 1 November 2016
3,172
5,361
8,533
Charge for the year
1,491
448
1,939
At 31 October 2017
4,663
5,809
10,472
At 31 October 2017
4,607
1,116
5,723
At 31 October 2016
5,907
1,564
7,471
Work in progress
39,870
27,523
Trade debtors
9,536
22,936
Accrued income and prepayments
275
6,358
7
Creditors: amounts falling due within one year
2017
2016
Trade creditors
1,305
1,114
Taxes and social security
12,146
16,909
Loans from directors
500
50,958
8
Share capital
2017
2016
Allotted, called up and fully paid:
100 100 Ordinary shares "A" of £1 each of £1 each
100
100
50 50 Ordinary Shares "B" of £1 each of £1 each
50
50
HOME FRONT LIMITED
Notes to the Accounts
for the year ended 31 October 2017
9
Operating lease commitments
2017
2016
At 31 October 2017 the company has commitments under non-cancellable operating leases as follows:
Operating leases expiring:
Within two to five years
-
3,785
10
Transactions with related parties
The following directors were paid dividends during the year as outlined in the table below:
2017
Mrs C Slater - £17,500
J Slater - £17,500
2016
Mrs C Slater - £35,000
J Slater - £35,000
11
Average number of employees
During the year the average number of employees was 4 (2016: 3).