Alldoors Repairs Ltd - Period Ending 2015-02-28

Registration number: 08912566

Alldoors Repairs Ltd

Unaudited Abbreviated Accounts

for the Period from 26 February 2014 to 28 February 2015

 

Jeremy Stewart, Chartered Accountants
Basepoint Centre
70 The Havens
Ipswich
IP3 9BF

Alldoors Repairs Ltd
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Alldoors Repairs Ltd
for the Period Ended 28 February 2015

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Alldoors Repairs Ltd for the period ended 28 February 2015 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Alldoors Repairs Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Alldoors Repairs Ltd and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Alldoors Repairs Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Alldoors Repairs Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Alldoors Repairs Ltd. You consider that Alldoors Repairs Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the accounts of Alldoors Repairs 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 accounts.

......................................

Jeremy Stewart, Chartered Accountants
Basepoint Centre
70 The Havens
Ipswich
IP3 9BF

19 October 2015

Page 1

Alldoors Repairs Ltd
(Registration number: 08912566)
Abbreviated Balance Sheet at 28 February 2015

		Note			28 February 2015 £
Fixed assets
Tangible fixed assets					1,258
Current assets
Stocks					800
Debtors					7,897
					8,697
Creditors: Amounts falling due within one year					(3,533)
Net current assets					5,164
Net assets					6,422
Capital and reserves
Called up share capital		3			1
Profit and loss account					6,421
Shareholders' funds					6,422

For the year ending 28 February 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the director on 19 October 2015

.........................................
Mr Jody Byrne
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Alldoors Repairs Ltd
Notes to the Abbreviated Accounts for the Period from 26 February 2014 to 28 February 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Turnover

Turnover represents amounts chargeable in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Office equipment	33.3% straight line
Motor vehicles	25% reducing balance

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 3

Alldoors Repairs Ltd
Notes to the Abbreviated Accounts for the Period from 26 February 2014 to 28 February 2015
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
Additions		1,700			1,700
At 28 February 2015		1,700			1,700
Depreciation
Charge for the period		442			442
At 28 February 2015		442			442
Net book value
At 28 February 2015		1,258			1,258

3	Share capital

Allotted, called up and fully paid shares

	28 February 2015
		No.			£
Ordinary shares of £1 each		1			1

New shares allotted

During the period 1 ordinary share having an aggregate nominal value of £1 were allotted for an aggregate consideration of £1.

Page 4