All-Ways Stainless Services Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06269192 (England and Wales)

ALL-WAYS STAINLESS SERVICES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JANUARY 2021

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr D G Griffiths

Mrs P T Griffiths

Mr A G Griffiths

SECRETARY:

Mrs P T Griffiths

REGISTERED OFFICE:

20 Neyland Heights

Neyland

Milford Haven

Pembrokeshire

SA73 1RQ

REGISTERED NUMBER:

06269192 (England and Wales)

ACCOUNTANTS:

Llewelyn Davies

Chartered Accountants

Yelverton House

St John Street

Whitland

Carmarthenshire

SA34 0AW

FIXED ASSETS

Tangible assets

4

1,085

1,447

CURRENT ASSETS

Stocks

5,889

5,889

Debtors

9,905

33,951

Cash at bank

406

284

16,200

40,124

CREDITORS

Amounts falling due within one year

15,423

18,177

NET CURRENT ASSETS

777

21,947

TOTAL ASSETS LESS CURRENT LIABILITIES

1,862

23,394

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

1,861

23,393

1,862

23,394

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 January 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 January 2021 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 January 2021 in accordance with Section 444(2A) of the Companies Act 2006.

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 and authorised for issue on 25 October 2021 and were signed on its behalf by:

Mr D G Griffiths - Director

1.	STATUTORY INFORMATION

All-Ways Stainless Services 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.

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 etc

-

25% on reducing balance and 25% on cost

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.

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 3 (2020 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 31 January 2020

and 30 January 2021

14,088

DEPRECIATION

At 31 January 2020

12,641

Charge for year

362

At 30 January 2021

13,003

NET BOOK VALUE

At 30 January 2021

1,085

At 30 January 2020

1,447

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 January 2021 and 30 January 2020:

2021

2020

£

£

Mr D G Griffiths

Balance outstanding at start of year

22,512

20,192

Amounts advanced

-

22,512

Amounts repaid

(12,608

)

(20,192

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

9,904

22,512

6.	ULTIMATE CONTROLLING PARTY

The company is controlled by the director.