Anew Flooring Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07879870 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2018

for

Anew Flooring Ltd

Page

Company Information

1

Chartered Certified Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

Director:

Mr A J Dewhirst

Registered office:

9 Shanklin Close

Denton

Manchester

M34 7GT

Registered number:

07879870 (England and Wales)

Accountants:

Allen Mills Howard & Co

Chartered Certified Accountants

Library Chambers

48 Union Street

Hyde

Cheshire

SK14 1ND

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file

a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the

Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Anew Flooring Ltd for the year ended 31 December 2018 which comprise the Statement of

Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from

information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Anew Flooring Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Anew Flooring Ltd and state those matters that we have agreed to state to the director of Anew Flooring Ltd in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Anew Flooring Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Anew Flooring Ltd. You consider that Anew Flooring 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 financial statements of Anew Flooring 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 financial statements.

Allen Mills Howard & Co

Chartered Certified Accountants

Library Chambers

48 Union Street

Hyde

Cheshire

SK14 1ND

6 June 2019

Fixed assets

Tangible assets

4

10,893

14,762

Current assets

Stocks

3,000

-

Debtors

5

116,894

127,670

Cash at bank and in hand

19,823

2,717

139,717

130,387

Creditors

Amounts falling due within one year

6

105,650

89,301

Net current assets

34,067

41,086

Total assets less current liabilities

44,960

55,848

Creditors

Amounts falling due after more than one year

7

(1,422

)

(2,988

)

Provisions for liabilities

(1,993

)

(2,805

)

Net assets

41,545

50,055

Capital and reserves

Called up share capital

8

10

10

Retained earnings

41,535

50,045

Shareholders' funds

41,545

50,055

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director on 6 June 2019 and were signed by:

Mr A J Dewhirst - Director

1.	Statutory information

Anew Flooring Ltd 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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.

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

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 Profit and Loss Account,

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 4 (2017 - 4 ) .

4.	Tangible fixed assets

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

Cost

At 1 January 2018

5,098

16,300

3,850

25,248

Additions

750

-

2,309

3,059

Disposals

-

(8,800

)

-

(8,800

)

At 31 December 2018

5,848

7,500

6,159

19,507

Depreciation

At 1 January 2018

2,178

6,330

1,978

10,486

Charge for year

550

1,406

627

2,583

Eliminated on disposal

-

(4,455

)

-

(4,455

)

At 31 December 2018

2,728

3,281

2,605

8,614

Net book value

At 31 December 2018

3,120

4,219

3,554

10,893

At 31 December 2017

2,920

9,970

1,872

14,762

5.

Debtors: amounts falling due within one year

2018

2017

£

£

Trade debtors

38,268

31,055

Other debtors

78,626

96,615

116,894

127,670

6.

Creditors: amounts falling due within one year

2018

2017

£

£

Bank loans and overdrafts

-

9,172

Hire purchase contracts

2,077

2,077

Trade creditors

61,418

25,244

Taxation and social security

25,519

26,738

Other creditors

16,636

26,070

105,650

89,301

7.

Creditors: amounts falling due after more than one year

2018

2017

£

£

Hire purchase contracts

1,422

2,988

8.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

£

100

Ordinary

10p

10

10

9.	Director's advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 31 December 2018 and

31 December 2017:

2018

2017

£

£

Mr A J Dewhirst

Balance outstanding at start of year

77,903

67,924

Amounts advanced

8,904

9,979

Amounts repaid

(26,973

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

59,834

77,903