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Unaudited Financial Statements |
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for the Year Ended 30th June 2017 |
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Surewood Joinery Limited |
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REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Year Ended 30th June 2017 |
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for |
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Surewood Joinery Limited |
Surewood Joinery Limited (Registered number: 04777176) |
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Contents of the Financial Statements |
for the Year Ended 30th June 2017 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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Surewood Joinery Limited |
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Company Information |
for the Year Ended 30th June 2017 |
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DIRECTOR: |
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SECRETARY: |
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REGISTERED OFFICE: |
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BUSINESS ADDRESS: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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3 Colwick Quays |
Colwick |
Nottingham |
Nottinghamshire |
NG4 2JY |
Surewood Joinery Limited (Registered number: 04777176) |
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Balance Sheet |
30th June 2017 |
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30.6.17 | 30.6.16 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Stocks |
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Debtors | 5 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 6 | ( |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
7 |
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PROVISIONS FOR LIABILITIES | ( |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 9 |
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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. |
Surewood Joinery Limited (Registered number: 04777176) |
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Balance Sheet - continued |
30th June 2017 |
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In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
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The financial statements were approved by the director on
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Surewood Joinery Limited (Registered number: 04777176) |
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Notes to the Financial Statements |
for the Year Ended 30th June 2017 |
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1. | STATUTORY INFORMATION |
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Surewood Joinery Limited is a
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The company's registered number and registered office address can be found on the Company |
Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, |
rebates, value added tax and other sales taxes. |
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Tangible fixed assets |
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Freehold property | - |
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Improvements to property | - |
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Plant and machinery | - |
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Motor vehicles | - |
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Computer equipment | - |
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Stocks |
Stocks and work in progress 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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Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling |
costs in bringing stocks to their present location and condition. |
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Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, |
except to the extent that it relates to items recognised in other comprehensive income or directly in |
equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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Current tax is recognised at the amount of tax payable using the tax rates and laws that have been |
enacted or substantively enacted by the balance sheet date. |
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Surewood Joinery Limited (Registered number: 04777176) |
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Notes to the Financial Statements - continued |
for the Year Ended 30th June 2017 |
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2. | ACCOUNTING POLICIES - continued |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at |
the balance sheet date. |
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Timing differences arise from the inclusion of income and expenses in tax assessments in periods |
different from those in which they are recognised in financial statements. Deferred tax is measured |
using tax rates and laws that have been enacted or substantively enacted by the year end and that are |
expected to apply to the reversal of the timing difference. |
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Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable |
that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
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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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4. | TANGIBLE FIXED ASSETS |
Improvements |
Freehold | to | Plant and |
property | property | machinery |
£ | £ | £ |
COST |
At 1st July 2016 |
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Additions |
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At 30th June 2017 |
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DEPRECIATION |
At 1st July 2016 |
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Charge for year |
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Eliminated on disposal |
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At 30th June 2017 |
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NET BOOK VALUE |
At 30th June 2017 |
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At 30th June 2016 |
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Surewood Joinery Limited (Registered number: 04777176) |
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Notes to the Financial Statements - continued |
for the Year Ended 30th June 2017 |
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4. | TANGIBLE FIXED ASSETS - continued |
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Motor | Computer |
vehicles | equipment | Totals |
£ | £ | £ |
COST |
At 1st July 2016 |
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Additions |
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Disposals |
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At 30th June 2017 |
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DEPRECIATION |
At 1st July 2016 |
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Charge for year |
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Eliminated on disposal |
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At 30th June 2017 |
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NET BOOK VALUE |
At 30th June 2017 |
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At 30th June 2016 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.6.17 | 30.6.16 |
£ | £ |
Trade debtors |
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Other debtors |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.6.17 | 30.6.16 |
£ | £ |
Bank loans and overdrafts |
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Trade creditors |
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Taxation and social security |
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Other creditors |
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Surewood Joinery Limited (Registered number: 04777176) |
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Notes to the Financial Statements - continued |
for the Year Ended 30th June 2017 |
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7. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
30.6.17 | 30.6.16 |
£ | £ |
Bank loans |
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Other creditors |
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Amounts falling due in more than five years: |
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Repayable by instalments |
Bank loans more 5 yr by instal | 124,725 | 129,724 |
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8. | SECURED DEBTS |
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The following secured debts are included within creditors: |
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30.6.17 | 30.6.16 |
£ | £ |
Bank loans |
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Debt factoring account | 29,015 | 35,176 |
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The mortgage is secured on the freehold property of the company. |
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The directors have provided a personal guarantee in respect of the bank overdraft facility and loan. |
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The debt factoring account is secured against the assets of the company. |
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9. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 30.6.17 | 30.6.16 |
value: | £ | £ |
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Ordinary A | £1 | 12 | 12 |
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Ordinary B | £1 | 76 | 76 |
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Ordinary C | £1 | 12 | 12 |
100 | 100 |