CONCEPT COVERS LTD | |
UNAUDITED FINANCIAL STATEMENTS | |
FOR THE YEAR ENDED 30 JUNE 2019 | |
CONCEPT COVERS LTD | |||
FINANCIAL STATEMENTS | |||
FOR THE YEAR ENDED 30 JUNE 2019 | |||
DIRECTORS | |||
A Horsfield | |||
A L Jones | |||
SECRETARY | |||
A Horsfield | |||
REGISTERED OFFICE | |||
Monarch House Balds Lane Lye Stourbridge DY9 8TE |
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COMPANY REGISTERED NUMBER | |||
03781372 | |||
BANKERS | |||
Barclays Bank PLC | |||
ACCOUNTANTS | |||
AIMS | |||
Chartered Accountants | |||
Bridge House, Riverside North Bewdley DY12 1HW |
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CONTENTS | |||
Pages | |||
2-3 | Statement of Financial Position | ||
4-8 | Notes to the Financial Statements | ||
page 1 | |
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Company registered number: |
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STATEMENT OF FINANCIAL POSITION AT |
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Note | 2019 | 2018 | |||
£ | £ | £ | |||
FIXED ASSETS | |||||
Property, plant and equipment | 3 |
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CURRENT ASSETS | |||||
Inventories |
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Debtors | 4 |
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CREDITORS: Amounts falling due within one year | 5 |
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NET CURRENT ASSETS |
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NET ASSETS | £ |
£ |
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CAPITAL AND RESERVES | |||||
Called up share capital |
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Retained earnings |
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SHAREHOLDERS' FUNDS | £ |
£ |
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The notes on pages 4-8 form part of these financial statements | |
page 2 | |
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Company registered number: |
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STATEMENT OF FINANCIAL POSITION AT |
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Note | 2019 | 2018 | |||
£ | £ | £ |
In approving these financial statements as directors of the company we hereby confirm the following: | |||
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. | |||
The financial statements were approved and authorised for issue by the board of directors on |
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Signed on behalf of the board of directors | |||
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The notes on pages 4-8 form part of these financial statements | |
page 3 | |
CONCEPT COVERS LTD | |||
NOTES TO THE ACCOUNTS | |||
FOR THE YEAR ENDED 30 JUNE 2019 |
1. | SIGNIFICANT ACCOUNTING POLICIES | ||
1a. | Statement of compliance | |||
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Registered office: | ||||
Balds Lane Lye Stourbridge DY9 8TE |
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These financial statements are the first financial statements that comply with FRS 102. The date of transition is 1 July 2018. | ||||
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Basis of accounting | ||||
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1c. | Revenue recognition | |||
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1d. | Borrowing costs | |||
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1e. | Taxation | |||
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The notes on pages 4-8 form part of these financial statements | |
page 4 | |
CONCEPT COVERS LTD | |||
NOTES TO THE ACCOUNTS (CONT.) | |||
FOR THE YEAR ENDED 30 JUNE 2019 |
1. | SIGNIFICANT ACCOUNTING POLICIES (CONT.) |
1f. | Property, plant and equipment | ||
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Plant and machinery |
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Equipment |
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1g. | Inventories | |||
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1h. | Short term debtors and creditors | |||
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1i. | Cash and cash equivalents | |||
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1j. | Interest bearing borrowings | |||
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The notes on pages 4-8 form part of these financial statements | |
page 5 | |
CONCEPT COVERS LTD | |||
NOTES TO THE ACCOUNTS (CONT.) | |||
FOR THE YEAR ENDED 30 JUNE 2019 |
1. | SIGNIFICANT ACCOUNTING POLICIES (CONT.) |
1k. | Leased assets | |||
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1l. | Foreign currencies | |||
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1m. | Employee benefits | |||
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1n. | Discontinued operations | |||
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1o. | Provisions | |||
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The notes on pages 4-8 form part of these financial statements | |
page 6 | |
CONCEPT COVERS LTD | |||
NOTES TO THE ACCOUNTS (CONT.) | |||
FOR THE YEAR ENDED 30 JUNE 2019 |
1. | SIGNIFICANT ACCOUNTING POLICIES (CONT.) |
1p. | Judgements and key sources of estimation uncertainty | |||
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2. | DIRECTORS AND EMPLOYEES | ||
The average weekly number of employees during the year were as follows: | |||
2019 | 2018 | ||
No. | No. | ||
Management and administration |
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Production and sales |
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The notes on pages 4-8 form part of these financial statements | |
page 7 | |
CONCEPT COVERS LTD | |||
NOTES TO THE ACCOUNTS (CONT.) | |||
FOR THE YEAR ENDED 30 JUNE 2019 |
3. | PROPERTY, PLANT AND EQUIPMENT | |||
Plant & | Fixtures & | |||
Machinery | Equipment | Total | ||
£ | £ | £ | ||
Cost | ||||
At 1 July 2018 |
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Additions other than through business combinations |
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At 30 June 2019 |
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Depreciation | ||||
At 1 July 2018 |
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For the year |
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At 30 June 2019 |
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Net Book Amounts | ||||
At 30 June 2019 |
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At 30 June 2018 |
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4. | DEBTORS | 2019 | 2018 |
£ | £ | ||
Trade debtors |
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Other debtors |
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£ |
£ |
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5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
2019 | 2018 | ||
£ | £ | ||
Debenture loans | - | 7,833 | |
Bank loans and overdrafts | 17,789 | 11,899 | |
Trade creditors |
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Corporation tax |
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Other taxes and social security |
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Other creditors |
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£ |
£ |
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The notes on pages 4-8 form part of these financial statements | |
page 8 |