Allied Cables Limited - Accounts to registrar (filleted) - small 18.2
Allied Cables Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 31 July 2018 |
| for |
| Allied Cables Limited |
| Allied Cables Limited (Registered number: 02201540) |
| Contents of the Financial Statements |
| for the Year Ended 31 July 2018 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Allied Cables Limited |
| Company Information |
| for the Year Ended 31 July 2018 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 8 Winmarleigh Street |
| Warrington |
| Cheshire |
| WA1 1JW |
| Allied Cables Limited (Registered number: 02201540) |
| Balance Sheet |
| 31 July 2018 |
| 31.7.18 | 31.7.17 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 3 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 4 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 5 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital | 6 |
| Share premium | 7 |
| Retained earnings | 7 |
| SHAREHOLDERS' FUNDS |
| 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. |
| Allied Cables Limited (Registered number: 02201540) |
| Balance Sheet - continued |
| 31 July 2018 |
| 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 |
| Allied Cables Limited (Registered number: 02201540) |
| Notes to the Financial Statements |
| for the Year Ended 31 July 2018 |
| 1. | STATUTORY INFORMATION |
| Allied Cables Limited is a |
| registered number and registered office address can be found on the Company Information page. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Significant judgements and estimates |
| In the application of the company's accounting policies, the directors are required to make judgements, estimates |
| and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other |
| sources. The estimates and associated assumptions are based on historical experience and other factors that are |
| considered to be relevant. Actual results may differ from these estimates. The estimates and underlying |
| assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in |
| which the estimate is revised where the revision affects only that period, or in the period of the revision and future |
| periods where the revision affects both current and future periods. |
| The key assumptions concerning the future and other key sources of estimation include uncertainties at the |
| reporting date, which may have a risk of causing a material adjustment to the carrying amounts of assets and |
| liabilities within the next financial periods, are discussed below. |
| 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 |
| Fixtures and fittings | - |
| Motor vehicles | - |
| 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. |
| Allied Cables Limited (Registered number: 02201540) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 July 2018 |
| 2. | ACCOUNTING POLICIES - continued |
| 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. |
| Cash and cash equivalents |
| Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with bank, |
| other short-term liquid investments with original maturities of three months or less, and bank overdrafts. |
| Financial instruments |
| The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other |
| Financial Instruments Issues' of FRS 102 to all of its financial instruments. |
| Financial instruments are recognised in the company's statement of financial position when the company becomes |
| party to the contractual provisions of the instrument. |
| Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is |
| a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to |
| realise the net asset and settle the liability simultaneously. |
| Basic financial assets |
| Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction |
| price including transaction costs and are subsequently carried at amortised costs using the effective interest method |
| unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value |
| of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one |
| year are not amortised. |
| Other financial assets |
| Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint |
| ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently |
| carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity |
| instruments that are not publically traded and whose fair values cannot be measured reliably are measured at cost |
| less impairment. |
| Employee benefits |
| The costs of the short-term employee benefits are recognised as a liability and an expense, unless those costs are |
| required to be recognised as part of the cost of stock or fixed assets. The cost of any unused holiday entitlement is |
| recognised in the period in which the employee's services are received. Termination benefits are recognised |
| immediately as an expense when the company is demonstrably committed to terminate the employment of an |
| employee or to provide termination benefits. |
| Allied Cables Limited (Registered number: 02201540) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 July 2018 |
| 2. | ACCOUNTING POLICIES - continued |
| Equity instruments |
| Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. |
| Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of |
| the company. |
| 3. | TANGIBLE FIXED ASSETS |
| Fixtures |
| and | Motor |
| fittings | vehicles | Totals |
| £ | £ | £ |
| COST |
| At 1 August 2017 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 31 July 2018 |
| DEPRECIATION |
| At 1 August 2017 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 31 July 2018 |
| NET BOOK VALUE |
| At 31 July 2018 |
| At 31 July 2017 |
| 4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.7.18 | 31.7.17 |
| £ | £ |
| Trade debtors |
| VAT |
| Prepayments and accrued income |
| Allied Cables Limited (Registered number: 02201540) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 July 2018 |
| 5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.7.18 | 31.7.17 |
| £ | £ |
| Trade creditors |
| Tax |
| Social security and other taxes |
| Other creditors |
| Shareholder loans | 345,616 | 316,417 |
| Accrued expenses |
| 6. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31.7.18 | 31.7.17 |
| value: | £ | £ |
| Ordinary | £1 | 4,500 | 4,500 |
| B Ordinary | £1 | 3,000 | 3,000 |
| C Ordinary | £1 | 3,000 | 3,000 |
| A Ordinary | £1 | 4,500 | 4,500 |
| 15,000 | 15,000 |
| All classes of shares carry the following rights:- |
| - Each share is entitled to one vote in any circumstance |
| - Each share is entitled to dividends at the discretion of the directors. |
| - Each share is entitled to participate in a distribution arising from a winding up of the company. |
| 7. | RESERVES |
| Retained | Share |
| earnings | premium | Totals |
| £ | £ | £ |
| At 1 August 2017 | 926,338 |
| Profit for the year |
| Dividends | ( |
) | ( |
) |
| At 31 July 2018 | 1,111,355 |