Always Guttering & Roofing Ltd - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 09251699 (England and Wales)

Abbreviated Unaudited Accounts

for the Period 7 October 2014 to 31 October 2015

for

Always Guttering & Roofing Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mr H N Vincent

SECRETARY:

Sole Associates Accountants Ltd

REGISTERED OFFICE:

3 Park Court

Pyrford Road

West Byfleet

Surrey

KT14 6SD

REGISTERED NUMBER:

09251699 (England and Wales)

ACCOUNTANTS:

Sole Associates Accountants Ltd

3 Park Court

Pyrford Road

West Byfleet

Surrey

KT14 6SD

FIXED ASSETS

Intangible assets

2

37,500

Tangible assets

3

14,325

51,825

CURRENT ASSETS

Debtors

3,161

Cash at bank

12,954

16,115

CREDITORS

Amounts falling due within one year

67,831

NET CURRENT LIABILITIES

(51,716

)

TOTAL ASSETS LESS CURRENT LIABILITIES

109

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

9

SHAREHOLDERS' FUNDS

109

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 October 2015.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 October 2015 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 29 November 2015 and were signed by:

Mr H N Vincent - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements 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 net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of four years.

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

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

Additions

50,000

At 31 October 2015

50,000

AMORTISATION

Amortisation for period

12,500

At 31 October 2015

12,500

NET BOOK VALUE

At 31 October 2015

37,500

3.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

19,100

At 31 October 2015

19,100

DEPRECIATION

Charge for period

4,775

At 31 October 2015

4,775

NET BOOK VALUE

At 31 October 2015

14,325

4.	CALLED UP SHARE CAPITAL

During the period, the company issued 100 ordinary shares of £1 each to provide the initial working

capital.