All Round Trading Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 07771190 (England and Wales)

All Round Trading Limited

Abbreviated Unaudited Accounts

for the Year Ended 31 May 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

RJ Taylor

REGISTERED OFFICE:

28 Eaton Avenue

Matrix Office Park

Buckshaw Village

Chorley

Lancashire

PR7 7NA

REGISTERED NUMBER:

07771190 (England and Wales)

ACCOUNTANTS:

McMillan & Co LLP

Chartered Accountants

28 Eaton Avenue

Matrix Office Park

Buckshaw Village

Chorley

Lancashire

PR7 7NA

FIXED ASSETS

Tangible assets

2

68,642

81,964

CURRENT ASSETS

Stocks

1,000

2,000

Debtors

2,943

2,994

Cash at bank

109,108

79,205

113,051

84,199

CREDITORS

Amounts falling due within one year

3

106,304

80,270

NET CURRENT ASSETS

6,747

3,929

TOTAL ASSETS LESS CURRENT
LIABILITIES

75,389

85,893

CREDITORS

Amounts falling due after more than one
year

3

(39,000

)

(48,000

)

PROVISIONS FOR LIABILITIES

(10,607

)

(12,825

)

NET ASSETS

25,782

25,068

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

25,682

24,968

SHAREHOLDERS' FUNDS

25,782

25,068

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2016 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 22 June 2016 and were signed by:

RJ Taylor - 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 January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Long leasehold

-

10% on cost

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and

slow moving items.

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

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2015

132,481

Additions

6,586

At 31 May 2016

139,067

DEPRECIATION

At 1 June 2015

50,517

Charge for year

19,908

At 31 May 2016

70,425

NET BOOK VALUE

At 31 May 2016

68,642

At 31 May 2015

81,964

3.

CREDITORS

Creditors include an amount of £ 18,000 (2015 - £ 27,000 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

100

Ordinary

£1

100