REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2017 |
FOR |
A. AND R. PORTER LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2017 |
FOR |
A. AND R. PORTER LIMITED |
A. AND R. PORTER LIMITED (REGISTERED NUMBER: 00973697) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 APRIL 2017 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
A. AND R. PORTER LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 30 APRIL 2017 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
125 High Street |
Odiham |
Hook |
Hampshire |
RG29 1LA |
A. AND R. PORTER LIMITED (REGISTERED NUMBER: 00973697) |
BALANCE SHEET |
30 APRIL 2017 |
2017 | 2016 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Stocks | 5 |
Debtors | 6 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
8 |
CAPITAL AND RESERVES |
Called up share capital |
Capital redemption reserve |
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
179,799 | 184,209 |
The directors acknowledge their 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. |
A. AND R. PORTER LIMITED (REGISTERED NUMBER: 00973697) |
BALANCE SHEET - continued |
30 APRIL 2017 |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors on by: |
A. AND R. PORTER LIMITED (REGISTERED NUMBER: 00973697) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 APRIL 2017 |
1. | STATUTORY INFORMATION |
A. and R. Porter Limited is a |
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 |
The company has adopted Financial Reporting Standard 102 section 1A with the effective date of transition |
being 1st May 2015. The policies applied under the entity's previous accounting framework are not materially |
different to FRS102 and have not impacted on equity or profit or loss. |
The company has obtained confirmation from its directors that they will provide continued financial support. On |
this basis the directors believe it is appropriate to prepare the accounts on the going concern basis. |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
value added tax and other sales taxes. |
Tangible fixed assets |
Improvements to property | - |
Plant and machinery | - |
Fixtures and fittings | - |
Motor vehicles | - |
Office equipment | - |
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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
A. AND R. PORTER LIMITED (REGISTERED NUMBER: 00973697) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 APRIL 2017 |
4. | TANGIBLE FIXED ASSETS |
Improvements | Fixtures |
to | Plant and | and |
property | machinery | fittings |
£ | £ | £ |
COST |
At 1 May 2016 |
Disposals | ( |
) | ( |
) |
At 30 April 2017 |
DEPRECIATION |
At 1 May 2016 |
Charge for year |
Eliminated on disposal | ( |
) | ( |
) |
At 30 April 2017 |
NET BOOK VALUE |
At 30 April 2017 |
At 30 April 2016 |
Motor | Office |
vehicles | equipment | Totals |
£ | £ | £ |
COST |
At 1 May 2016 |
Additions |
Disposals | ( |
) |
At 30 April 2017 |
DEPRECIATION |
At 1 May 2016 |
Charge for year |
Eliminated on disposal | ( |
) |
At 30 April 2017 |
NET BOOK VALUE |
At 30 April 2017 |
At 30 April 2016 |
5. | STOCKS |
2017 | 2016 |
£ | £ |
Stocks |
A. AND R. PORTER LIMITED (REGISTERED NUMBER: 00973697) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 APRIL 2017 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Trade debtors |
Other debtors |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Trade creditors |
Taxation and social security |
Other creditors |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2017 | 2016 |
£ | £ |
Other creditors |
9. | SECURED DEBTS |
The following secured debts are included within creditors: |
2017 | 2016 |
£ | £ |
Other loans |
Other loans are secured by personal guarantees given by Mr S C Porter and Mr M A Porter. |
10. | OTHER FINANCIAL COMMITMENTS |
The total amount of other financial commitments is £150,521(2016 £168,802). |
A. AND R. PORTER LIMITED (REGISTERED NUMBER: 00973697) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 APRIL 2017 |
11. | RELATED PARTY DISCLOSURES |
S C Porter |
Director and shareholder |
During the year S C Porter was repaid £3,442 of his directors' current account balance. No interest is charged |
on the balance and Mr Porter confirms that £200,000 of the amount owed will not be repaid to him within three |
years of the balance sheet date. |
The amount due to S C Porter at the balance sheet date is £217,052 (2016 £220,494). |
S C Porter has given personal guarantees to the company's bankers and other lenders. |
M A Porter |
Director and shareholder |
During the year M A Porter was repaid £3,442 of his directors' current account balance. No interest is charged |
on the balance and Mr Porter confirms that £200,000 of the amount owed will not be repaid to him within three |
years of the balance sheet date. |
The amount due to S C Porter at the balance sheet date is £217,052 (2016 £220,494). |
S C Porter has given personal guarantees to the company's bankers and other lenders. |