Andola Fibres Limited 31/03/2019 iXBRL
Andola Fibres Limited 31/03/2019 iXBRL
Company registration number:
01139354
Unaudited filleted financial statements
Contents
Directors and other information
Statement of financial position
Notes to the financial statements
Directors and other information
Directors |
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Company number |
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Registered office |
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Accountants |
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Queensgate House | ||
23 North Park Road | ||
Harrogate | ||
North Yorkshire | ||
HG1 5PD | ||
Statement of financial position
31 March 2019
2019 | 2018 | ||||||||
Note | £ | £ | £ | £ | |||||
Fixed assets | |||||||||
Investments | 4 |
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Current assets | |||||||||
Cash at bank and in hand |
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Creditors: amounts falling due | |||||||||
within one year | 5 |
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Net current liabilities |
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Total assets less current liabilities |
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Net liabilities |
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Capital and reserves | |||||||||
Called up share capital |
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Profit and loss account |
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Shareholders deficit |
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Directors responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
19 November 2019
, and are signed on behalf of the board by:
Director
Company registration number:
01139354
Notes to the financial statements
Year ended 31 March 2019
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Becks Mill, Becks Road, Keighley, West Yorkshire, BD21 1SD.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Taxation
Foreign currencies
Fixed asset investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Financial instruments
Group accounts
The company is entitled to the exemption under Section 398 of the Companies Act 2006 from the obligation to prepare group accounts.
4.
Investments
Shares in group undertakings and participating interests | Total | ||
£ | £ | ||
Cost | |||
At 1 April 2018 and 31 March 2019 |
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Impairment | |||
At 1 April 2018 and 31 March 2019 | - | - | |
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Carrying amount | |||
At 31 March 2019 |
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At 31 March 2018 |
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Investments in group undertakings | |||||
Registered office | Class of share | Percentage of shares held | |||
Subsidiary undertakings | |||||
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Canada | Common | 100 | ||
5.
Creditors: amounts falling due within one year
2019 | 2018 | |||
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Amounts owed to group undertakings and undertakings in which the company has a participating interest |
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Other creditors |
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6.
Related party transactions
During the year dividends of £18,000 were paid to Joseph Ogden Limited a company of which
G H S Ogden
is a director. Dividends were paid during the year of £12,000 to E G Harrison Limited of which B E Walker
is a director. Dividends were paid during the year of £18,000 to G Whitaker & Co Limited of which J B Whitaker
is a director.
7.
Controlling party
There is no controlling interest.
8.
Going concern
The accounts have been prepared on a going concern basis and do not incorporate any adjustments that might be required should this basis prove to be inappropriate. This assumes the continued support of the connected companies and the company's creditors.