WHALEY BRIDGE ACCIDENT REPAIR CENTRE LTD | |
UNAUDITED FINANCIAL STATEMENTS | |
FOR THE YEAR ENDED 31 MARCH 2017 | |
WHALEY BRIDGE ACCIDENT REPAIR CENTRE LTD | |||
FINANCIAL STATEMENTS | |||
FOR THE YEAR ENDED 31 MARCH 2017 | |||
DIRECTOR | |||
P Chopping | |||
SECRETARY | |||
P Chopping | |||
REGISTERED OFFICE | |||
Windgather Cottage Side Ends Lane Kettleshulme Cheshire SK23 7EH |
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COMPANY REGISTERED NUMBER | |||
05735565 | |||
BANKERS | |||
Royal Bank of Scotland Plc | |||
ACCOUNTANTS | |||
Chronicle Accountants Ltd | |||
Financial Accountants and Accounting Technicians | |||
1 Market Street Whaley Bridge High Peak Derbyshire SK23 7AA |
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page 1 | |
WHALEY BRIDGE ACCIDENT REPAIR CENTRE LTD | |||
FINANCIAL STATEMENTS | |||
FOR THE YEAR ENDED 31 MARCH 2017 | |||
CONTENTS | |||
Pages | |||
3-4 | Statement of Financial Position | ||
5-9 | Notes to the 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 | 2017 | 2016 | |||
£ | £ | £ | |||
FIXED ASSETS | |||||
Property, plant and equipment | 3 |
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CURRENT ASSETS | |||||
Inventories |
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Debtors | 4 |
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Cash at bank and in hand |
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CREDITORS: Amounts falling due within one year | 5 |
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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 | 6 |
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PROVISIONS FOR LIABILITIES | ( |
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NET ASSETS |
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CAPITAL AND RESERVES | |||||
Called up share capital |
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Other reserves |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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The notes on pages 5-9 form part of these financial statements | |
page 3 | |
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Company registered number: |
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STATEMENT OF FINANCIAL POSITION AT |
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Note | 2017 | 2016 | |||
£ | £ | £ |
In approving these financial statements as director of the company I 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 5-9 form part of these financial statements | |
page 4 | |
WHALEY BRIDGE ACCIDENT REPAIR CENTRE LTD | |||
NOTES TO THE ACCOUNTS | |||
FOR THE YEAR ENDED 31 MARCH 2017 |
1. | SIGNIFICANT ACCOUNTING POLICIES | ||
1a. | Statement of compliance | |||
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Registered office: | ||||
Side Ends Lane Kettleshulme Cheshire SK23 7EH |
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These financial statements are the first financial statements that comply with FRS 102. The date of transition is 1 April 2016. | ||||
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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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The notes on pages 5-9 form part of these financial statements | |
page 5 | |
WHALEY BRIDGE ACCIDENT REPAIR CENTRE LTD | |||
NOTES TO THE ACCOUNTS (CONT.) | |||
FOR THE YEAR ENDED 31 MARCH 2017 |
1. | SIGNIFICANT ACCOUNTING POLICIES (CONT.) |
1e. | Taxation | |||
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1f. | Property, plant and equipment | ||
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Plant and machinery |
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Vehicles |
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Fixtures and fittings |
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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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The notes on pages 5-9 form part of these financial statements | |
page 6 | |
WHALEY BRIDGE ACCIDENT REPAIR CENTRE LTD | |||
NOTES TO THE ACCOUNTS (CONT.) | |||
FOR THE YEAR ENDED 31 MARCH 2017 |
1. | SIGNIFICANT ACCOUNTING POLICIES (CONT.) |
1j. | Interest bearing borrowings | |||
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1k. | Leased assets | |||
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1l. | Employee benefits | |||
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2. | DIRECTORS AND EMPLOYEES | ||
The average weekly number of employees during the year were as follows: | |||
2017 | 2016 | ||
No. | No. | ||
The notes on pages 5-9 form part of these financial statements | |
page 7 | |
WHALEY BRIDGE ACCIDENT REPAIR CENTRE LTD | |||
NOTES TO THE ACCOUNTS (CONT.) | |||
FOR THE YEAR ENDED 31 MARCH 2017 |
3. | PROPERTY, PLANT AND EQUIPMENT | ||||
Long | Plant & | Fixtures & | |||
Leasehold | Machinery | Equipment | Total | ||
£ | £ | £ | £ | ||
Cost | |||||
At 1 April 2016 |
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Disposals |
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( |
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( |
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At 31 March 2017 |
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Depreciation | |||||
At 1 April 2016 |
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Disposals |
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( |
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For the year |
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At 31 March 2017 |
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Net Book Amounts | |||||
At 31 March 2017 |
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At 31 March 2016 |
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4. | DEBTORS | 2017 | 2016 |
£ | £ | ||
Trade debtors |
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Other debtors |
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5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
2017 | 2016 | ||
£ | £ | ||
Debenture loans | 22,773 | 22,773 | |
Bank loans and overdrafts | 11,085 | 194 | |
Finance leases and hire purchase contracts |
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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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Accruals and deferred income |
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The notes on pages 5-9 form part of these financial statements | |
page 8 | |
WHALEY BRIDGE ACCIDENT REPAIR CENTRE LTD | |||
NOTES TO THE ACCOUNTS (CONT.) | |||
FOR THE YEAR ENDED 31 MARCH 2017 |
6. | CREDITORS: AMOUNTS FALLING DUE AFTER ONE YEAR | ||
2017 | 2016 | ||
£ | £ | ||
Finance leases and hire purchase contracts |
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5% 150 preference shares of £1 each | |||
Analysis of borrowings: | |||
Due within five years: | |||
within 1 year | |||
leases |
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other |
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within 2-5 years | |||
leases |
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22,773 | 35,554 | ||
The notes on pages 5-9 form part of these financial statements | |
page 9 |