A1 Home Improvements Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 05690427

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2015

FOR

A1 HOME IMPROVEMENTS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mr V Miller

SECRETARY:

Mrs D A Lilwall

REGISTERED OFFICE:

84 Dereham Road

Norwich

Norfolk

NR9 5DF

REGISTERED NUMBER:

05690427

ACCOUNTANTS:

Sexty & Co

Chartered Certified Accountants

124 Thorpe Road

Norwich

Norfolk

NR1 1RS

FIXED ASSETS

Intangible assets

2

-

-

Tangible assets

3

1,876

2,811

1,876

2,811

CURRENT ASSETS

Stocks

3,185

5,109

Debtors

3,050

4,070

6,235

9,179

CREDITORS

Amounts falling due within one year

36,610

41,706

NET CURRENT LIABILITIES

(30,375

)

(32,527

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(28,499

)

(29,716

)

CAPITAL AND RESERVES

Called up share capital

4

2

2

Profit and loss account

(28,501

)

(29,718

)

SHAREHOLDERS' FUNDS

(28,499

)

(29,716

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 20 April 2016 and were signed by:

Mr V Miller - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared on the basis of a going concern which assumes the

continuing support of the director and the bank. No indications have been given to suggest that the

support of the bank will be withdrawn and the director has agreed to provide funds to the company to

ensure that all creditors can be paid on a day to day basis.

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 and services, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of five 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

-

25% on cost

Fixtures and fittings

-

Straight line over 5 years

Motor vehicles

-

25% on cost

Computer equipment

-

33% on cost

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due

allowance for obsolete and slow moving items.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

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

At 1 August 2014

and 31 July 2015

15,000

AMORTISATION

At 1 August 2014

and 31 July 2015

15,000

NET BOOK VALUE

At 31 July 2015

-

At 31 July 2014

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2014

and 31 July 2015

23,121

DEPRECIATION

At 1 August 2014

20,310

Charge for year

935

At 31 July 2015

21,245

NET BOOK VALUE

At 31 July 2015

1,876

At 31 July 2014

2,811

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

2

Ordinary

£1

2

2

5.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included in other creditors is £10,579 due to Mr V Miller the director of the company (2014 £5,332).

6.	ULTIMATE CONTROLLING PARTY

The company is ultimately controlled by Mr V Miller, the director of the company.