Always Building Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07792231 (England and Wales)

Unaudited Financial Statements

for the Year Ended 5 April 2019

for

Always Building Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

D L Alner

REGISTERED OFFICE:

Suite 203, Second Floor

China House

401 Edgware Road

London

NW2 6GY

REGISTERED NUMBER:

07792231 (England and Wales)

ACCOUNTANTS:

Town & Forest

Chartered Accountants

Suite 203, Second Floor

China House

401 Edgware Road

London

NW2 6GY

FIXED ASSETS

Tangible assets

4

2,789

3,719

CURRENT ASSETS

Debtors

5

23,289

31,727

Cash at bank

-

7,195

23,289

38,922

CREDITORS

Amounts falling due within one year

6

26,393

41,852

NET CURRENT LIABILITIES

(3,104

)

(2,930

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(315

)

789

PROVISIONS FOR LIABILITIES

7

-

707

NET (LIABILITIES)/ASSETS

(315

)

82

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

(316

)

81

SHAREHOLDERS' FUNDS

(315

)

82

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2019 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 applicable to companies subject to the small companies regime.

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 and authorised for issue on 4 July 2020 and were signed by:

D L Alner - Director

1.	STATUTORY INFORMATION

Always Building 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.

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 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, and in accordance with the accounting policies set out below.

Going concern

At 5 April 2019, the balance sheet showed net current liabilities of £3,104 (2018: £2,930) and a net deficit of

£315 (2018: net assets of £82). The directors have given an undertaking to financially support the company for

at least 12 months from the date of signature on the balance sheet. The situation will be reviewed after this time.

On this basis, the directors consider it appropriate to prepare the financial statements on the going concern basis.

Turnover

Turnover represents net invoiced sales of services, excluding value added tax. Turnover is recognised at the date

of completion of the work.

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

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Taxation

Taxation for the period 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 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.

Trade debtors

Trade debtors are carried at original net invoice amount less an estimate for doubtful debtors. Bad debts are

written off when identified. Specific provisions are made against debts whose recovery is considered doubtful.

Provision and accruals

Provisions are recognised when there is a present legal or constructive obligation as a result of past events and

the amount can be reliably estimated. Provisions are not recognised for future operating losses.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2018 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 6 April 2018

and 5 April 2019

13,204

2,843

16,047

DEPRECIATION

At 6 April 2018

11,581

747

12,328

Charge for year

406

524

930

At 5 April 2019

11,987

1,271

13,258

NET BOOK VALUE

At 5 April 2019

1,217

1,572

2,789

At 5 April 2018

1,623

2,096

3,719

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

5.4.19

5.4.18

£

£

Trade debtors

300

4,355

Amounts owed by associates

12,709

12,845

Director's current account

-

4,713

Social security and taxes

10,280

9,814

23,289

31,727

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

5.4.19

5.4.18

£

£

Bank loans and overdrafts

1,439

-

Trade creditors

6,949

-

Tax

7,552

14,807

VAT

2,668

23,685

Director's current account

6,285

-

Accrued expenses

1,500

3,360

26,393

41,852

7.	PROVISIONS FOR LIABILITIES

5.4.19

5.4.18

£

£

Deferred tax

-

707

Deferred

tax

£

Balance at 6 April 2018

707

Credit to Income Statement during year

(707

)

Balance at 5 April 2019

-