Registration number:
for the Year Ended
Preservatim (Southern) Ltd
Contents
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The following pages do not form part of the statutory financial statements: |
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Preservatim (Southern) Ltd
Company Information
Directors |
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Company secretary |
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Registered office |
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Bankers |
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Accountants |
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Preservatim (Southern) Ltd
Directors' Report for the Year Ended 30 June 2013
The directors present their report and the unaudited financial statements for the year ended 30 June 2013.
Directors of the company
The directors who held office during the year were as follows:
Principal activity
Small company provisions
This report has been prepared in accordance with the small companies regime under the Companies Act 2006.
Approved by the Board on
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AD Field
Director
Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Preservatim (Southern) Ltd
for the Year Ended 30 June 2013
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Preservatim (Southern) Ltd for the year ended 30 June 2013 set out on pages 4 to 9 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 icaew.com/membershandbook.
This report is made solely to the Board of Directors of Preservatim (Southern) Ltd, as a body, in accordance with the terms of our engagement letter dated 5 October 2010. Our work has been undertaken solely to prepare for your approval the accounts of Preservatim (Southern) Ltd and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Preservatim (Southern) Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Preservatim (Southern) 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 Preservatim (Southern) Ltd. You consider that Preservatim (Southern) Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Preservatim (Southern) 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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Redshield Business Solutions Limited
Chartered Accountants
Unit 2
Birchden Farm
Broadwater Forest Lane
Groombridge, Tunbridge Wells
Kent
TN3 9NR
11 November 2013
Preservatim (Southern) Ltd
Profit and Loss Account for the Year Ended 30 June 2013
Note |
2013
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2012
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Turnover |
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Cost of sales |
( |
( |
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Gross profit |
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Administrative expenses |
( |
( |
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Operating profit |
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Other interest receivable and similar income |
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Profit on ordinary activities before taxation |
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Tax on profit on ordinary activities |
( |
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Profit for the financial year |
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4
Preservatim (Southern) Ltd
(Registration number: 06254870)
Balance Sheet at 30 June 2013
Note |
2013
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2012
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Fixed assets |
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Tangible fixed 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 liabilities |
( |
( |
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Net (liabilities)/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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Shareholders' (deficit)/funds |
( |
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Approved by the Board on
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AD Field
Director
5
Preservatim (Southern) Ltd
Notes to the Financial Statements for the Year Ended 30 June 2013
......... continued
Accounting policies |
Basis of preparation
Turnover
Depreciation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Asset class |
Depreciation method and rate |
Plant and machinery |
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Stock
Financial instruments
Operating profit |
Operating profit is stated after charging:
2013
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2012
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Depreciation of tangible fixed assets |
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Directors' remuneration |
The directors' remuneration for the year was as follows:
2013
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2012
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Remuneration |
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Preservatim (Southern) Ltd
Notes to the Financial Statements for the Year Ended 30 June 2013
......... continued
Taxation |
Tax on profit on ordinary activities
2013
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2012
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Current tax |
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Corporation tax charge |
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Tangible fixed assets |
Plant and machinery
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Total
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Cost or valuation |
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At 1 July 2012 |
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Additions |
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At 30 June 2013 |
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Depreciation |
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At 1 July 2012 |
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Charge for the year |
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At 30 June 2013 |
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Net book value |
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At 30 June 2013 |
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At 30 June 2012 |
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Debtors |
2013
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2012
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Trade debtors |
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Preservatim (Southern) Ltd
Notes to the Financial Statements for the Year Ended 30 June 2013
......... continued
Creditors: Amounts falling due within one year |
2013
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2012
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Trade creditors |
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Corporation tax |
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Other taxes and social security |
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Other creditors |
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Share capital |
Allotted, called up and fully paid shares
2013 |
2012 |
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No. |
£ |
No. |
£ |
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Dividends |
2013
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2012
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Dividends paid |
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Current year interim dividend paid |
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Reserves |
Profit and loss account
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Total
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At 1 July 2012 |
526 |
526 |
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Profit for the year |
8,713 |
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Dividends |
(10,000) |
( |
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At 30 June 2013 |
(761) |
(761) |
Preservatim (Southern) Ltd
Notes to the Financial Statements for the Year Ended 30 June 2013
......... continued
Related party transactions |
Other related party transactions |
During the year the company made the following related party transactions: |
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Control |
The company is controlled by the directors who own 100% of the called up share capital.
Preservatim (Southern) Ltd
Detailed Profit and Loss Account for the Year Ended 30 June 2013
2013 |
2012 |
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£ |
£ |
£ |
£ |
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Turnover |
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Cost of sales |
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( |
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( |
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Gross profit |
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Gross profit (%) |
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74.93% |
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81.23% |
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Administrative expenses |
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Employment costs (analysed below) |
(8,390) |
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(7,978) |
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Establishment costs (analysed below) |
(1,699) |
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(1,751) |
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General administrative expenses (analysed below) |
(26,039) |
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(24,512) |
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Finance charges (analysed below) |
(400) |
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(418) |
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Depreciation costs (analysed below) |
(1,801) |
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(2,129) |
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( |
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( |
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Other interest receivable and similar income (analysed below) |
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Profit on ordinary activities before taxation |
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Preservatim (Southern) Ltd
Detailed Profit and Loss Account for the Year Ended 30 June 2013
2013
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2012
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Employment costs |
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Directors remuneration |
8,280 |
7,884 |
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Directors NIC (Employers) |
110 |
94 |
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8,390 |
7,978 |
Establishment costs |
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Insurance |
1,519 |
1,571 |
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Use of home as office |
180 |
180 |
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1,699 |
1,751 |
General administrative expenses |
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Telephone and fax |
3,445 |
2,993 |
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Printing, postage and stationery |
503 |
703 |
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Trade subscriptions |
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412 |
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Sundry expenses |
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35 |
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Management charges payable |
9,600 |
9,600 |
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Accountancy fees |
1,323 |
1,179 |
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Motor expenses |
6,075 |
6,523 |
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Advertising |
4,876 |
2,911 |
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Customer entertaining (disallowable for tax) |
217 |
156 |
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26,039 |
24,512 |
Finance charges |
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Bank charges |
400 |
418 |
Depreciation costs |
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Depreciation of plant and machinery |
1,801 |
2,129 |
Other interest receivable and similar income |
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Bank interest receivable |
1 |
10 |
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1 |
10 |