Quality Home Improvements NW Ltd
|
Registered Number
:
06050655
|
For the year ended 31 March 2018
England and Wales
Unaudited Financial Statements
For the year ended 31 March 2018
Quality Home Improvements NW Ltd
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
Quality Home Improvements NW Ltd
Statement of Financial Position
2017
2018
Property
,
plant and equipment
|
750
387
3
750
387
3,600
3,708
4
Trade and other receivables
|
8,298
5,380
5
10,011
Cash and cash equivalents
|
10,626
19,714
21,909
Trade and other payables
:
amounts falling due within one year
|
(22,020)
(19,706)
6
(111)
8
Net current assets
Total assets less current liabilities
|
758
276
758
Net assets
276
2
2
756
274
758
276
Shareholders' funds
For the year ended 31 March 2018 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 of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006
|
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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
.
|
In accordance with Section
444
of the Companies Act
2006
,
the Income Statement has not been delivered
.
|
The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.
|
These financial statements were approved and authorised for issue by the Board on 14 June 2018 and were signed by:
|
The notes form part of these financial statements
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For the year ended 31 March 2018
Quality Home Improvements NW Ltd
Notes to the Financial Statements
Statutory Information
Quality Home Improvements NW Ltd is a private limited company
,
limited by shares
,
domiciled in England and Wales
,
|
registration number
06050655
.
|
249 Crankwood Road
Abram
Wigan
Lancashire
WN2 5YB
The presentation currency is £ sterling
.
|
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section
1
A of Financial Reporting Standard
|
102
'
The Financial Reporting Standard applicable in the UK and Republic of Ireland
'
and the Companies Act
2006
.
The
|
financial statements have been prepared under the historical costs convention as modified by the revaluation of certain assets
.
|
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
|
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of 0 years.
|
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
|
Plant and machinery
Computer equipment
Motor vehicles
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
|
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
|
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
2 of 4
For the year ended 31 March 2018
Quality Home Improvements NW Ltd
Notes to the Financial Statements Continued
2
.
Intangible fixed assets
|
Goodwill
24,000
24,000
24,000
24,000
-
-
3
.
Property
,
plant and equipment
|
Motor vehicles
3,239
939
1,575
725
716
716
-
-
725
1,575
1,655
3,955
Provision for depreciation and impairment
|
2,852
681
1,487
684
Charge for year
353
321
22
10
3,205
1,002
1,509
694
31
66
653
750
41
88
258
387
2017
2018
3,708
3,600
5
.
Trade and other receivables
|
2017
2018
5,380
8,298
3 of 4
For the year ended 31 March 2018
Quality Home Improvements NW Ltd
Notes to the Financial Statements Continued
6
.
Trade and other payables
:
amounts falling due within one year
|
2017
2018
-
274
3,941
3,027
Taxation and social security
|
14,615
17,594
1,150
1,125
19,706
22,020
7
.
Directors advances and guarantees
|
Loaned
Repaid
Mr JP Reece
The following loan subsisted during the year and was fully repaid after the year end
|
2,690
4,149
2,690
4,149
2,690
4,149
2,690
4,149
Mrs JE Reece
The following loan subsisted during the year and was fully repaid after the year end
|
2,690
4,149
2,690
4,149
2,690
4,149
2,690
4,149
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