REGISTERED NUMBER: 07835956 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2017

FOR

88 CASTLE ROAD LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr C MacLeod

REGISTERED OFFICE:

Murrills House

48 East Street

Portchester

Fareham

Hampshire

PO16 9XS

BUSINESS ADDRESS:

Flat 1 Palmerston Court

Clarence Parade

Southsea

Hampshire

PO5 2EX

REGISTERED NUMBER:

07835956 (England and Wales)

ACCOUNTANTS:

Casson Beckman

Chartered Accountants

Murrills House

48 East Street

Portchester

Fareham

Hampshire

PO16 9XS

FIXED ASSETS

Tangible assets

4

153

180

CURRENT ASSETS

Stocks

9,325

7,925

Debtors

5

3,781

4,914

Cash at bank and in hand

7,341

5,864

20,447

18,703

CREDITORS

Amounts falling due within one year

6

8,125

5,687

NET CURRENT ASSETS

12,322

13,016

TOTAL ASSETS LESS CURRENT LIABILITIES

12,475

13,196

PROVISIONS FOR LIABILITIES

-

34

NET ASSETS

12,475

13,162

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

12,375

13,062

SHAREHOLDERS' FUNDS

12,475

13,162

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 28 August 2018 and were signed by:

Mr C MacLeod - Director

1.	STATUTORY INFORMATION

88 Castle Road 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

First year adoption of Financial Reporting Standard 102 ( FRS 102) Section 1A

These financial statements for the year ended 30 November 2017 are the first that are prepared in accordance

with FRS 102 Section 1A. The previous financial statements were prepared in accordance with UK GAAP, the

date of transition to FRS 102 Section 1A is 1 December 2015.

There are no changes to the accounts as a result of the adoption of FRS102.

Turnover

Turnover represents amounts received for the sale of goods and restoration services supplied.

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

-

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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2016 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 December 2016

and 30 November 2017

405

DEPRECIATION

At 1 December 2016

225

Charge for year

27

At 30 November 2017

252

NET BOOK VALUE

At 30 November 2017

153

At 30 November 2016

180

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Other debtors

3,781

4,914

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

143

702

Taxation and social security

1,466

2,770

Other creditors

6,516

2,215

8,125

5,687

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2017 and

30 November 2016:

2017

2016

£

£

Mr C MacLeod

Balance outstanding at start of year

4,022

3,460

Amounts advanced

4,141

10,668

Amounts repaid

(9,688

)

(10,106

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(1,525

)

4,022

No interest has been charged on this loan which is repayable on demand.