REGISTERED NUMBER: 02338612 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018

FOR

WINSLOW ADAPTICS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

T A Winslow

REGISTERED OFFICE:

Sutherland House

1759 London Road

Leigh On Sea

Essex

SS9 2RZ

REGISTERED NUMBER:

02338612 (England and Wales)

ACCOUNTANTS:

Platt Rushton LLP

Chartered Accountants

Sutherland House

1759 London Road

Leigh On Sea

Essex

SS9 2RZ

BANKERS:

HSBC Bank Plc

127-128 High Street

Merthyr Tydfil

CF47 8DN

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

122,079

138,375

Investments

6

-

50,000

122,079

188,375

CURRENT ASSETS

Stocks

94,323

104,648

Debtors

7

230,472

186,002

Cash at bank and in hand

34,013

18,277

358,808

308,927

CREDITORS

Amounts falling due within one year

8

171,990

188,184

NET CURRENT ASSETS

186,818

120,743

TOTAL ASSETS LESS CURRENT LIABILITIES

308,897

309,118

CREDITORS

Amounts falling due after more than one year

9

(13,082

)

(23,274

)

PROVISIONS FOR LIABILITIES

10

(19,521

)

(16,922

)

NET ASSETS

276,294

268,922

CAPITAL AND RESERVES

Called up share capital

75,003

75,003

Retained earnings

201,291

193,919

SHAREHOLDERS' FUNDS

276,294

268,922

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

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 director acknowledges her responsibilities for:

(a)	ensuring that the company keeps 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 Sections 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.

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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 2 July 2018 and were signed by:

T A Winslow - Director

1.	STATUTORY INFORMATION

Winslow Adaptics Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" 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 cost convention.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The

Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party

transactions with wholly owned subsidiaries within the group.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of nil years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less

any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance and 15% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2017 - 14 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2017

and 31 March 2018

8,400

AMORTISATION

At 1 April 2017

and 31 March 2018

8,400

NET BOOK VALUE

At 31 March 2018

-

At 31 March 2017

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2017

1,170,862

Additions

5,701

At 31 March 2018

1,176,563

DEPRECIATION

At 1 April 2017

1,032,487

Charge for year

21,997

At 31 March 2018

1,054,484

NET BOOK VALUE

At 31 March 2018

122,079

At 31 March 2017

138,375

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 April 2017

and 31 March 2018

50,000

PROVISIONS

Impairments

50,000

At 31 March 2018

50,000

NET BOOK VALUE

At 31 March 2018

-

At 31 March 2017

50,000

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

200,664

165,298

Other debtors

29,808

20,704

230,472

186,002

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Bank loans and overdrafts

18

242

Trade creditors

86,105

80,797

Taxation and social security

10,845

7,662

Other creditors

75,022

99,483

171,990

188,184

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2018

2017

£

£

Other creditors

13,082

23,274

10.	PROVISIONS FOR LIABILITIES

2018

2017

£

£

Deferred tax

19,521

16,922

Deferred

tax

£

Balance at 1 April 2017

16,922

Provided during year

2,599

Balance at 31 March 2018

19,521

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is T A Winslow.