WHEELMASTER INC LTD | |
UNAUDITED FINANCIAL STATEMENTS | |
FOR THE YEAR ENDED 31 MAY 2017 | |
WHEELMASTER INC LTD | |||
FINANCIAL STATEMENTS | |||
FOR THE YEAR ENDED 31 MAY 2017 | |||
DIRECTOR | |||
S Mellor | |||
SECRETARY | |||
A D Mellor | |||
REGISTERED OFFICE | |||
Lilac Cottage 83a Chapel Road Whaley Bridge High Peak Derbyshire SK23 7EP |
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COMPANY REGISTERED NUMBER | |||
08523490 | |||
BANKERS | |||
Lloyds Bank 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 | |
WHEELMASTER INC LTD | |||
FINANCIAL STATEMENTS | |||
FOR THE YEAR ENDED 31 MAY 2017 | |||
CONTENTS | |||
Pages | |||
3-4 | Statement of Financial Position | ||
5-8 | 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 | |||||
Intangible assets | 2 |
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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 ASSETS/(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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Retained earnings |
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SHAREHOLDERS' FUNDS |
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The notes on pages 5-8 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 5-8 form part of these financial statements | |
page 4 | |
WHEELMASTER INC LTD | |||
NOTES TO THE ACCOUNTS | |||
FOR THE YEAR ENDED 31 MAY 2017 |
1. | SIGNIFICANT ACCOUNTING POLICIES | ||
1a. | Statement of compliance | |||
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Registered office: | ||||
83a Chapel Road Whaley Bridge High Peak Derbyshire SK23 7EP |
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These financial statements are the first financial statements that comply with FRS 102. The date of transition is 1 June 2016. | ||||
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Basis of accounting | ||||
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1c. | Revenue recognition | |||
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1d. | Taxation | |||
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The notes on pages 5-8 form part of these financial statements | |
page 5 | |
WHEELMASTER INC LTD | |||
NOTES TO THE ACCOUNTS (CONT.) | |||
FOR THE YEAR ENDED 31 MAY 2017 |
1. | SIGNIFICANT ACCOUNTING POLICIES (CONT.) |
Intangible assets | ||||
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. | Short term debtors and creditors | |||
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1h. | Cash and cash equivalents | |||
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1i. | Leased assets | |||
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The notes on pages 5-8 form part of these financial statements | |
page 6 | |
WHEELMASTER INC LTD | |||
NOTES TO THE ACCOUNTS (CONT.) | |||
FOR THE YEAR ENDED 31 MAY 2017 |
2. | INTANGIBLE FIXED ASSETS | ||
Goodwill | Total | ||
£ | £ | ||
Cost | |||
At 1 June 2016 |
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At 31 May 2017 |
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Amortisation | |||
At 1 June 2016 |
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For the year |
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At 31 May 2017 |
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Net Book Amounts | |||
At 31 May 2017 |
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At 31 May 2016 |
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3. | PROPERTY, PLANT AND EQUIPMENT | |||
Plant & | Fixtures & | |||
Machinery | Equipment | Total | ||
£ | £ | £ | ||
Cost | ||||
At 1 June 2016 |
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At 31 May 2017 |
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Depreciation | ||||
At 1 June 2016 |
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For the year |
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At 31 May 2017 |
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Net Book Amounts | ||||
At 31 May 2017 |
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At 31 May 2016 |
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The notes on pages 5-8 form part of these financial statements | |
page 7 | |
WHEELMASTER INC LTD | |||
NOTES TO THE ACCOUNTS (CONT.) | |||
FOR THE YEAR ENDED 31 MAY 2017 |
4. | DEBTORS | 2017 | 2016 |
£ | £ | ||
Trade debtors |
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Social security and other taxes |
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5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
2017 | 2016 | ||
£ | £ | ||
Finance leases and hire purchase contracts |
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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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6. | CREDITORS: AMOUNTS FALLING DUE AFTER ONE YEAR | ||
2017 | 2016 | ||
£ | £ | ||
Finance leases and hire purchase contracts |
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Analysis of borrowings: | |||
Due within five years: | |||
within 1 year | |||
leases |
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within 2-5 years | |||
leases |
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10,275 | 25,122 | ||
The notes on pages 5-8 form part of these financial statements | |
page 8 |