Almeda Facilities Limited - Period Ending 2015-05-31

Registration number: 03993371

Almeda Facilities Limited

Unaudited abbreviated accounts

for the year ended 31 May 2015
 

Almeda Facilities Limited
Contents

Abbreviated balance sheet 1 to 2

Notes to the abbreviated accounts 3 to 5

Almeda Facilities Limited
(Registration number: 03993371)
Abbreviated balance sheet at 31 May 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets		2			97,896			175,417
Current assets
Stock					3,750			2,500
Debtors					928,181			1,032,750
Cash at bank and in hand					167,607			391,458
					1,099,538			1,426,708
Creditors: amounts falling due within one year		3			(936,056)			(1,358,032)
Net current assets					163,482			68,676
Total assets less current liabilities					261,378			244,093
Creditors: amounts falling due after more than one year					-			(12,571)
Provisions for liabilities					(9,785)			(23,700)
Net assets					251,593			207,822
Capital and reserves
Called up share capital		4			100			100
Profit and loss account					251,493			207,722
Shareholders' funds					251,593			207,822

The notes on pages 3 to 5 form an integral part of these abbreviated accounts.
Page 1

Almeda Facilities Limited
(Registration number: 03993371)
Abbreviated balance sheet at 31 May 2015
......... continued

For the year ending 31 May 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These abbreviated accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Approved by the board on 19 May 2016 and signed on its behalf by:

.........................................
Mr B George
Director

The notes on pages 3 to 5 form an integral part of these abbreviated accounts.
Page 2

Almeda Facilities Limited
Notes to the abbreviated accounts for the year ended 31 May 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, net of value added tax, in respect of the sale of goods and services to customers. Amounts recoverable on long term contracts, which are included in debtors are stated at the net sales value of the work done after provisions for contingencies and anticipated future losses on contracts, less amounts received as progress payments on account. Excess progress payments are included in creditors as payments received on account.

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 rate and method
Leasehold land and buildings	Straight line over 5 years
Plant and machinery	Straight line over 10, 8, 6 and 4 years

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.

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Page 3

Almeda Facilities Limited
Notes to the abbreviated accounts for the year ended 31 May 2015
......... continued

Assets held under finance leases, which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet as tangible fixed assets and are depreciated over the shorter of the lease term and their useful lives. The capital elements of future obligations under the leases are included as liabilities in the balance sheet. The interest element of the rental obligation is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding. Assets held under hire purchase agreements are capitalised as tangible fixed assets and are depreciated over the shorter of the lease term and their useful lives. The capital element of future finance payments is included within creditors. Finance charges are allocated to accounting periods over the length of the contract and represent a constant proportion of the balance of capital repayments outstanding.

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.

Pensions

The company operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 June 2014		341,680			341,680
Additions		4,786			4,786
Disposals		(119,029)			(119,029)
At 31 May 2015		227,437			227,437
Depreciation
At 1 June 2014		166,263			166,263
Charge for the year		44,014			44,014
Eliminated on disposals		(80,736)			(80,736)
At 31 May 2015		129,541			129,541
Net book value
At 31 May 2015		97,896			97,896
At 31 May 2014		175,417			175,417

Page 4

Almeda Facilities Limited
Notes to the abbreviated accounts for the year ended 31 May 2015
......... continued

3

Creditors

Creditors includes the following liabilities, on which security has been given by the company:

		2015 £			2014 £
Amounts falling due within one year		240,492			177,680
Amounts falling due after more than one year		-			12,571
Total secured creditors		240,492			190,251

4	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary of £ 1 each		100			100			100			100

Page 5