|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
WAYNE SHORT FLOORING LIMITED |
|
Unaudited Financial Statements |
|
for the Year Ended 30 September 2018 |
|
|
|
|
|
|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
WAYNE SHORT FLOORING LIMITED |
|
Unaudited Financial Statements |
|
for the Year Ended 30 September 2018 |
|
|
|
|
|
WAYNE SHORT FLOORING LIMITED (REGISTERED NUMBER: 05557889) |
|
Contents of the Financial Statements |
for the year ended 30 September 2018 |
|
|
|
|
|
|
|
|
|
|
Page |
|
Company Information | 1 |
|
Chartered Certified Accountants' Report | 2 |
|
Balance Sheet | 3 | to | 4 |
|
Notes to the Financial Statements | 5 | to | 8 |
|
WAYNE SHORT FLOORING LIMITED |
|
Company Information |
for the year ended 30 September 2018 |
|
|
|
|
|
|
|
DIRECTOR: |
|
|
|
|
|
|
REGISTERED OFFICE: |
|
|
|
|
|
|
|
|
|
|
REGISTERED NUMBER: |
|
|
|
|
|
|
ACCOUNTANTS: |
|
Chartered Certified Accountants |
Suite 1A |
Shire Business Park |
Wainwright Road |
Worcester |
WR4 9FA |
Chartered Certified Accountants' Report to the Director |
on the Unaudited Financial Statements of |
Wayne Short Flooring Limited |
|
|
The following reproduces the text of the report prepared for the director in respect of the company's annual |
unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to |
file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements |
and the Report of the Director are not required to be filed with the Registrar of Companies. |
|
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the |
financial statements of Wayne Short Flooring Limited for the year ended 30 September 2018 which comprise the |
Income Statement, Other Comprehensive Income, Balance Sheet and the related notes from the company's accounting |
records and from information and explanations you have given us. |
|
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook. |
|
This report is made solely to the director of Wayne Short Flooring Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Wayne Short Flooring Limited and state those matters that we have agreed to state to the director of Wayne Short Flooring Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report. |
|
It is your duty to ensure that Wayne Short Flooring Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Wayne Short Flooring Limited. You consider that Wayne Short Flooring Limited is exempt from the statutory audit requirement for the year. |
|
We have not been instructed to carry out an audit or a review of the financial statements of Wayne Short Flooring Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
|
|
|
|
|
|
|
Chartered Certified Accountants |
Suite 1A |
Shire Business Park |
Wainwright Road |
Worcester |
WR4 9FA |
|
|
Date: ............................................. |
WAYNE SHORT FLOORING LIMITED (REGISTERED NUMBER: 05557889) |
|
Balance Sheet |
30 September 2018 |
|
2018 | 2017 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
|
|
Tangible assets | 5 |
|
( |
) |
|
( |
) |
|
CURRENT ASSETS |
Stocks | 6 |
|
|
Debtors | 7 |
|
|
Cash at bank |
|
|
|
|
CREDITORS |
Amounts falling due within one year | 8 |
|
|
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT
LIABILITIES |
( |
) |
( |
) |
|
CAPITAL AND RESERVES |
Called up share capital | 9 |
|
|
Retained earnings | 10 | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
|
|
|
|
|
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. |
WAYNE SHORT FLOORING LIMITED (REGISTERED NUMBER: 05557889) |
|
Balance Sheet - continued |
30 September 2018 |
|
|
|
|
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
|
The financial statements were approved by the director on
|
|
|
|
|
|
|
|
WAYNE SHORT FLOORING LIMITED (REGISTERED NUMBER: 05557889) |
|
Notes to the Financial Statements |
for the year ended 30 September 2018 |
|
|
1. | STATUTORY INFORMATION |
|
Wayne Short Flooring Limited is a
|
company's registered number and registered office address can be found on the Company Information page. |
|
2. | ACCOUNTING POLICIES |
|
Basis of preparing the financial statements |
|
|
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
value added tax and other sales taxes. |
|
Goodwill |
|
|
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. |
|
Tangible fixed assets |
|
Tools and equipment | - |
|
Fixtures and fittings | - |
|
Motor vehicles | - |
|
Computer equipment | - |
|
|
Stocks and service contracts |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and |
slow moving items. |
|
Service contracts are accounted for under the stage of completion method and included at the contract value. |
|
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. |
|
Current or deferred taxation assets and liabilities are not discounted. |
|
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. |
|
WAYNE SHORT FLOORING LIMITED (REGISTERED NUMBER: 05557889) |
|
Notes to the Financial Statements - continued |
for the year ended 30 September 2018 |
|
|
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. |
|
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. |
|
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. |
|
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the |
lease. |
|
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. |
|
Going concern |
The company is considered a going concern, as it has the support of its directors. |
|
3. | EMPLOYEES AND DIRECTORS |
|
The average number of employees during the year was
|
|
4. | INTANGIBLE FIXED ASSETS |
Goodwill |
£ |
COST |
At 1 October 2017 |
and 30 September 2018 |
|
AMORTISATION |
At 1 October 2017 |
and 30 September 2018 |
|
NET BOOK VALUE |
At 30 September 2018 |
|
At 30 September 2017 |
|
WAYNE SHORT FLOORING LIMITED (REGISTERED NUMBER: 05557889) |
|
Notes to the Financial Statements - continued |
for the year ended 30 September 2018 |
|
|
5. | TANGIBLE FIXED ASSETS |
Fixtures |
Tools and | and | Motor | Computer |
equipment | fittings | vehicles | equipment | Totals |
£ | £ | £ | £ | £ |
COST |
At 1 October 2017 |
|
|
|
|
|
Additions |
|
|
|
|
|
At 30 September 2018 |
|
|
|
|
|
DEPRECIATION |
At 1 October 2017 |
|
|
|
|
|
Charge for year | ( |
) | ( |
) | ( |
) | ( |
) | ( |
) |
At 30 September 2018 |
|
|
|
|
|
NET BOOK VALUE |
At 30 September 2018 |
|
|
|
|
|
At 30 September 2017 | ( |
) |
|
( |
) |
|
( |
) |
|
6. | STOCKS |
2018 | 2017 |
£ | £ |
Stocks |
|
|
|
7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Trade debtors |
|
|
Retentions | 14,786 | 14,786 |
Prepayments |
|
|
|
|
|
8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Other loans |
|
|
Trade creditors |
|
|
Social security and other taxes |
|
|
VAT | 5,342 | 2,638 |
Directors' current accounts | 92,153 | 93,533 |
Accrued expenses |
|
|
|
|
WAYNE SHORT FLOORING LIMITED (REGISTERED NUMBER: 05557889) |
|
Notes to the Financial Statements - continued |
for the year ended 30 September 2018 |
|
|
9. | CALLED UP SHARE CAPITAL |
|
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2018 | 2017 |
value: | £ | £ |
|
A Ordinary | £1 | 1 | 1 |
|
10. | RESERVES |
Retained |
earnings |
£ |
|
At 1 October 2017 | ( |
) |
Profit for the year |
|
At 30 September 2018 | ( |
) |