Almond & Mellor Services Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 02070569 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31ST MARCH 2016

FOR

ALMOND & MELLOR SERVICES LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mrs P Almond

Mr S J Mellor

Mr M I Almond

Mr R Aspden

REGISTERED OFFICE:

Charter House

Stansfield Street

Nelson

Lancashire

BB9 9XY

REGISTERED NUMBER:

02070569 (England and Wales)

ACCOUNTANTS:

Ainsworths Limited

Chartered Accountants

Charter House

Stansfield Street

Nelson

Lancashire

BB9 9XY

BANKERS:

Barclays Bank Plc

8/14 Darwen Street

Blackburn

Lancashire

BB2 2BZ

FIXED ASSETS

Tangible assets

2

52,037

53,968

CURRENT ASSETS

Stocks

23,510

40,870

Debtors

191,866

196,480

Cash at bank

8,731

11,910

224,107

249,260

CREDITORS

Amounts falling due within one year

149,300

149,988

NET CURRENT ASSETS

74,807

99,272

TOTAL ASSETS LESS CURRENT LIABILITIES

126,844

153,240

PROVISIONS FOR LIABILITIES

9,921

10,201

NET ASSETS

116,923

143,039

CAPITAL AND RESERVES

Called up share capital

3

104

4

Profit and loss account

116,819

143,035

SHAREHOLDERS' FUNDS

116,923

143,039

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2016 in accordance with Section 476 of the Companies Act 2006.

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.

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 Board of Directors on 21st October 2016 and were signed on its behalf by:

Mr M I Almond - Director

Mr S J Mellor - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared on the going concern 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 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.

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

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

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

period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st April 2015

168,363

Additions

8,135

At 31st March 2016

176,498

DEPRECIATION

At 1st April 2015

114,395

Charge for year

10,066

At 31st March 2016

124,461

NET BOOK VALUE

At 31st March 2016

52,037

At 31st March 2015

53,968

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

£

100

Ordinary A

£1

100

2

1

Ordinary B

£1

1

1

1

Ordinary C

£1

1

1

2

Ordinary D

£1

2

-

104

4

The following shares were issued during the year for cash at par :

98 Ordinary A shares of £1

2 Ordinary D shares of £1

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st March 2016 and

31st March 2015:

31.3.16

31.3.15

£

£

Mrs P Almond

Balance outstanding at start of year

(3,999

)

(1,906

)

Amounts advanced

184

2,907

Amounts repaid

-

(5,000

)

Balance outstanding at end of year

(3,815

)

(3,999

)

Mr M I Almond

Balance outstanding at start of year

15,796

14,396

Amounts advanced

29,141

28,400

Amounts repaid

(27,000

)

(27,000

)

Balance outstanding at end of year

17,937

15,796

Mr R Aspden

Balance outstanding at start of year

(2,417

)

83

Amounts advanced

-

2,500

Amounts repaid

-

(5,000

)

Balance outstanding at end of year

(2,417

)

(2,417

)

The above loans are unsecured, interest free and repayable on demand.