REGISTERED NUMBER: 05012788 (England and Wales)

Unaudited Financial Statements for the Year Ended 28 February 2018

for

Cheshire Gun Room Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

J Farrugia

SECRETARY:

Mrs S M Farrugia

REGISTERED OFFICE:

29 Buxton Road

Heavily

Stockport

Cheshire

SK2 6LS

REGISTERED NUMBER:

05012788 (England and Wales)

ACCOUNTANTS:

Lucas Reis Limited

Landmark House

Station Rd

Cheadle Hulme

Cheshire

SK8 7BS

FIXED ASSETS

Tangible assets

4

22,571

25,933

CURRENT ASSETS

Stocks

602,230

443,986

Debtors

5

197,668

91,551

Cash at bank and in hand

67,777

72,102

867,675

607,639

CREDITORS

Amounts falling due within one year

6

565,299

299,769

NET CURRENT ASSETS

302,376

307,870

TOTAL ASSETS LESS CURRENT LIABILITIES

324,947

333,803

PROVISIONS FOR LIABILITIES

4,288

4,927

NET ASSETS

320,659

328,876

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

7

320,559

328,776

SHAREHOLDERS' FUNDS

320,659

328,876

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2018 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 29 November 2018 and were signed by:

J Farrugia - Director

1.	STATUTORY INFORMATION

Cheshire Gun Room 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.

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

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

Improvements to property

-

10% on cost

Fixtures and fittings

-

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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 26 (2017 - 24 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

Totals

£

£

£

£

COST

At 1 March 2017

11,622

15,397

49,816

76,835

Additions

-

-

621

621

At 28 February 2018

11,622

15,397

50,437

77,456

DEPRECIATION

At 1 March 2017

11,622

6,429

32,851

50,902

Charge for year

-

1,345

2,638

3,983

At 28 February 2018

11,622

7,774

35,489

54,885

NET BOOK VALUE

At 28 February 2018

-

7,623

14,948

22,571

At 28 February 2017

-

8,968

16,965

25,933

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

97,353

12,373

Other debtors

4,071

3,490

Prepayments and accrued income

96,244

75,688

197,668

91,551

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

430,047

240,968

Tax

3,280

5,371

Social security and other taxes

6,454

7,304

VAT

26,561

22,580

Other creditors

77,688

7,075

Directors' current accounts

14,504

1,965

Accruals and deferred income

6,765

14,506

565,299

299,769

7.

RESERVES

Retained

earnings

£

At 1 March 2017

328,776

Profit for the year

9,783

Dividends

(18,000

)

At 28 February 2018

320,559

8.	RELATED PARTY DISCLOSURES

9.	ULTIMATE CONTROLLING PARTY

The controlling party is J Farrugia.