Alps Developments Midlands Limited - Abbreviated accounts 16.1
Alps Developments Midlands Limited - Abbreviated accounts 16.1
| REGISTERED NUMBER: |
| ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 JULY 2015 |
| FOR |
| ALPS DEVELOPMENTS MIDLANDS LIMITED |
| ALPS DEVELOPMENTS MIDLANDS LIMITED (REGISTERED NUMBER: 08627937) |
| CONTENTS OF THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 31 JULY 2015 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| Report of the Accountants | 6 |
| ALPS DEVELOPMENTS MIDLANDS LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 JULY 2015 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| ALPS DEVELOPMENTS MIDLANDS LIMITED (REGISTERED NUMBER: 08627937) |
| ABBREVIATED BALANCE SHEET |
| 31 JULY 2015 |
| 31/7/15 | 31/7/14 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| CURRENT ASSETS |
| Stocks |
| Debtors |
| Prepayments and accrued income |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 3 |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| 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. |
| ALPS DEVELOPMENTS MIDLANDS LIMITED (REGISTERED NUMBER: 08627937) |
| ABBREVIATED BALANCE SHEET - continued |
| 31 JULY 2015 |
| The financial statements were approved by the Board of Directors on |
| ALPS DEVELOPMENTS MIDLANDS LIMITED (REGISTERED NUMBER: 08627937) |
| NOTES TO THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 31 JULY 2015 |
| 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 January 2015). |
| Turnover |
| Turnover represents net invoiced sales of goods, excluding value added tax. |
| Tangible fixed assets |
| Plant and machinery etc | - |
| 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. |
| Hire purchase and leasing commitments |
| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held |
| under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases |
| are depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
| The interest element of these obligations is charged to the profit and loss account over the relevant period. The |
| capital element of the future payments is treated as a liability. |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| Additions |
| At 31 July 2015 |
| DEPRECIATION |
| Charge for year |
| At 31 July 2015 |
| NET BOOK VALUE |
| At 31 July 2015 |
| 3. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31/7/15 | 31/7/14 |
| value: | £ | £ |
| Ordinary | 1.00 |
| ALPS DEVELOPMENTS MIDLANDS LIMITED (REGISTERED NUMBER: 08627937) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| FOR THE YEAR ENDED 31 JULY 2015 |
| 4. | RELATED PARTY DISCLOSURES |
| During the year for the following transactions occured:- |
| The company was supplied with materials and labour totalling £173,997 (2014: £Nil) and management and |
| consultancy charges £Nil (2014: £33,300) by S Thacker Plastering Contractors Limited a company in which Mr |
| S Thacker has a controlling interest. |
| Management and consultancy charges of £31,500 (2014: £4,500) were also paid to Mr P Timmins in an |
| individual capacity. |
| Two of the properties developed were sold to Sedgley Homes Limited for the combined sum of £215,000 (2014: |
| £Nil). Maintenance charges of £3,000 (2014: £Nil) were also charged to this company. This company is owned |
| equally by Mr P Timmins and Mr S Thacker. |
| Two further properties were sold - one each to Mr P Timmins and Mr S Thacker - each for the sum of £107,950 |
| (2014: £Nil). |
| These transactions were carried out on an arms length basis. |
| Any other costs incurred on behalf of the company were included within their directors loan accounts. At 31 July |
| 2015, the combined balance on these accounts was £66,819 (2014: £197,986). |
| ALPS DEVELOPMENTS MIDLANDS LIMITED |
| REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF |
| ALPS DEVELOPMENTS MIDLANDS LIMITED |
| The following reproduces the text of the report prepared for the directors in respect of the company's annual |
| unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to five) |
| have been prepared. |
| As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended 31 July 2015 set out on pages nil to nil and you consider that the company is exempt from an audit. |
| In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us. |
| 18 April 2016 |