Registration number:
A.E. Holland Memorials Ltd
for the Period from 13 June 2017 to 30 June 2018
161 College Street
St Helens
Merseyside
WA10 1TY
A.E. Holland Memorials Ltd
Contents
Company Information |
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Accountants' Report |
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Balance Sheet |
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Notes to the Financial Statements |
A.E. Holland Memorials Ltd
Company Information
Directors |
Mr Michael Anthony Lowery Mr Christopher Lowery Mr Stephen Lowery |
Registered office |
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Accountants |
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Page 1 |
Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
A.E. Holland Memorials Ltd
for the Period Ended 30 June 2018
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of A.E. Holland Memorials Ltd for the period ended 30 June 2018 as set out on pages 3 to 8 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/en/members/regulations-standards-and-guidance/.
This report is made solely to the Board of Directors of A.E. Holland Memorials Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of A.E. Holland Memorials Ltd and state those matters that we have agreed to state to the Board of Directors of A.E. Holland Memorials Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than A.E. Holland Memorials Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that A.E. Holland Memorials Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of A.E. Holland Memorials Ltd. You consider that A.E. Holland Memorials Ltd is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the accounts of A.E. Holland Memorials Ltd. 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 accounts.
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St Helens
Merseyside
WA10 1TY
Page 2 |
A.E. Holland Memorials Ltd
(Registration number: 10815988)
Balance Sheet as at 30 June 2018
Note |
2018 |
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Fixed assets |
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Intangible assets |
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Tangible assets |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
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Net current assets |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
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Provisions for liabilities |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Total equity |
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For the financial period ending 30 June 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
Page 3 |
A.E. Holland Memorials Ltd
(Registration number: 10815988)
Balance Sheet as at 30 June 2018
Approved and authorised by the
.........................................
Mr Christopher Lowery
Director
Page 4 |
A.E. Holland Memorials Ltd
Notes to the Financial Statements for the Period from 13 June 2017 to 30 June 2018
General information |
The company is a private company limited by share capital incorporated in England.
The address of its registered office is:
United Kingdom
These financial statements were authorised for issue by the
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
Page 5 |
A.E. Holland Memorials Ltd
Notes to the Financial Statements for the Period from 13 June 2017 to 30 June 2018
Intangible assets |
Goodwill |
Total |
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Cost or valuation |
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Additions acquired separately |
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At 30 June 2018 |
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Amortisation |
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Amortisation charge |
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At 30 June 2018 |
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Carrying amount |
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At 30 June 2018 |
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The aggregate amount of research and development expenditure recognised as an expense during the period is £Nil.
Tangible assets |
Land and buildings |
Furniture, fittings and equipment |
Motor vehicles |
Other property, plant and equipment |
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Cost or valuation |
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Additions |
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At 30 June 2018 |
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Depreciation |
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Charge for the |
- |
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- |
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At 30 June 2018 |
- |
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- |
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Carrying amount |
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At 30 June 2018 |
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( |
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Page 6 |
A.E. Holland Memorials Ltd
Notes to the Financial Statements for the Period from 13 June 2017 to 30 June 2018
Total |
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Cost or valuation |
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Additions |
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At 30 June 2018 |
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Depreciation |
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Charge for the |
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At 30 June 2018 |
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Carrying amount |
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At 30 June 2018 |
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Included within the net book value of land and buildings above is £226,954 in respect of freehold land and buildings.
Stocks |
2018 |
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Other inventories |
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Debtors |
2018 |
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Trade debtors |
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Other debtors |
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Total current trade and other debtors |
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Creditors |
Note |
2018 |
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Due within one year |
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Trade creditors |
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Taxation and social security |
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Other creditors |
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Due after one year |
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Loans and borrowings |
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Page 7 |
A.E. Holland Memorials Ltd
Notes to the Financial Statements for the Period from 13 June 2017 to 30 June 2018
Loans and borrowings |
2018 |
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Non-current loans and borrowings |
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Bank borrowings |
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Other borrowings |
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Page 8 |
A.E. Holland Memorials Ltd
Detailed Profit and Loss Account for the Period from 13 June 2017 to 30 June 2018
2018 |
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Turnover (analysed below) |
174,312 |
Cost of sales (analysed below) |
(56,905) |
Gross profit |
117,407 |
Gross profit (%) |
67.35% |
Administrative expenses |
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Employment costs (analysed below) |
(70,954) |
Establishment costs (analysed below) |
(17,029) |
General administrative expenses (analysed below) |
(11,284) |
Finance charges (analysed below) |
3,512 |
Depreciation costs (analysed below) |
(8,627) |
(104,382) |
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Other operating income (analysed below) |
39,712 |
Operating profit |
52,737 |
Interest payable and similar expenses (analysed below) |
(1,801) |
Profit before tax |
50,936 |
Page 9 |
A.E. Holland Memorials Ltd
Detailed Profit and Loss Account for the Period from 13 June 2017 to 30 June 2018
2018 |
Turnover |
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Sale of goods, UK |
174,312 |
Cost of sales |
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Purchases |
(56,905) |
Employment costs |
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Wages and salaries |
(14,545) |
Staff NIC (Employers) |
(1,555) |
Directors remuneration |
(49,753) |
Directors NIC (Employers) |
(4,284) |
Staff pensions (Defined contribution) |
(817) |
(70,954) |
Establishment costs |
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Rent and rates |
(2,064) |
Light, heat and power |
(2,242) |
Insurance |
(4,832) |
Repairs and renewals |
(7,891) |
(17,029) |
General administrative expenses |
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Telephone and fax |
(287) |
Office expenses |
(1,996) |
Computer software and maintenance costs |
(258) |
Printing, postage and stationery |
(743) |
Sundry expenses |
(67) |
Motor expenses |
(4,955) |
Advertising |
(1,014) |
Accountancy fees |
(1,750) |
Legal and professional fees |
(214) |
(11,284) |
Finance charges |
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Bank charges |
3,512 |
Depreciation costs |
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Amortisation of goodwill |
(2,500) |
Depreciation of plant and machinery (owned) |
(5,000) |
Depreciation of office equipment (owned) |
(1,127) |
(8,627) |
Page 10 |
A.E. Holland Memorials Ltd
Detailed Profit and Loss Account for the Period from 13 June 2017 to 30 June 2018
Other operating income |
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Other operating income |
39,712 |
Interest payable and similar expenses |
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Other loan interest |
1,801 |
Page 11 |