Wealden Utilities Limited
|
Registered Number
:
07194639
|
For the year ended 31 January 2018
England and Wales
Unaudited Financial Statements
For the year ended 31 January 2018
Wealden Utilities Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
Wealden Utilities Limited
Statement of Financial Position
2017
2018
Property
,
plant and equipment
|
7,943
10,592
2
7,943
10,592
5,000
5,000
3
Trade and other receivables
|
41,112
38,528
4
43,528
46,112
Trade and other payables
:
amounts falling due within
|
one year
|
(59,413)
(52,159)
5
(13,301)
(8,631)
Net current liabilities
Total assets less current liabilities
|
(688)
(2,709)
817
817
Provisions for liabilities
|
129
Net assets/liabilities
(1,892)
100
100
29
(1,992)
129
(1,892)
Shareholders' funds
For the year ended 31 January 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 January 2018 in accordance with Section 476 of the Companies Act 2006
|
The director acknowledges his 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.
|
1 of 5
For the year ended 31 January 2018
Wealden Utilities Limited
Statement of Financial Position Continued
These financial statements were approved and authorised for issue by the Board on 14 May 2018 and were signed by:
|
The notes form part of these financial statements
|
2 of 5
For the year ended 31 January 2018
Wealden Utilities Limited
Notes to the Financial Statements
Statutory Information
Wealden Utilities Limited is a private limited company
,
limited by shares
,
domiciled in England and
|
Wales
,
registration number
07194639
.
|
Petersfield
Maidstone Road
Staplehurst
Kent
TN12 0RE
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.
|
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
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. The finance element of the rental payment is charged to the profit and loss account on a straight line basis.
|
3 of 5
For the year ended 31 January 2018
Wealden Utilities Limited
Notes to the Financial Statements Continued
2
.
Property
,
plant and equipment
|
45,353
24,622
20,731
20,731
24,622
45,353
Provision for depreciation and impairment
|
34,761
17,908
16,853
Charge for year
2,649
1,679
970
37,410
19,587
17,823
2,908
5,035
7,943
3,878
6,714
10,592
2017
2018
5,000
5,000
4
.
Trade and other receivables
|
2017
2018
38,528
37,677
Amounts owed by directors
|
-
2,734
Taxation and social security
|
-
701
41,112
38,528
4 of 5
For the year ended 31 January 2018
Wealden Utilities Limited
Notes to the Financial Statements Continued
5
.
Trade and other payables
:
amounts falling due within one year
|
2017
2018
24,906
18,529
7,075
18,805
Taxation and social security
|
18,677
17,579
Accruals and deferred income
|
1,500
1,500
Directors
'
loan accounts
|
1
-
-
3,000
52,159
59,413
6
.
Average number of persons employed
|
During the year the average number of employees was 6 (2017 : 7)
5 of 5