Allen Atlas Render Solutions Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 07593833 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 April 2016

for

Allen Atlas Render Solutions Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr S J Allen

Mrs J Allen

Miss B L Allen

Mrs A L Pulman

REGISTERED OFFICE:

Park House

37 Clarence Street

Leicester

Leicestershire

LE1 3RW

REGISTERED NUMBER:

07593833 (England and Wales)

ACCOUNTANTS:

torr waterfield

Park House

37 Clarence Street

Leicester

Leicestershire

LE1 3RW

FIXED ASSETS

Tangible assets

2

81,005

65,634

CURRENT ASSETS

Stocks

30,595

28,631

Debtors

747,085

498,662

Cash at bank

-

21,852

777,680

549,145

CREDITORS

Amounts falling due within one year

3

503,353

276,998

NET CURRENT ASSETS

274,327

272,147

TOTAL ASSETS LESS CURRENT
LIABILITIES

355,332

337,781

CREDITORS

Amounts falling due after more than one
year

3

(42,009

)

(27,788

)

PROVISIONS FOR LIABILITIES

(16,201

)

(13,268

)

NET ASSETS

297,122

296,725

CAPITAL AND RESERVES

Called up share capital

4

Profit and loss account

297,118

296,721

SHAREHOLDERS' FUNDS

297,122

296,725

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 6 January 2017 and were signed on its behalf by:

Mr S J Allen - 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, except in respect of service contracts

where turnover is recognised when the company obtains the right to consideration.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

20% on cost

Fixtures and fittings

-

20% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

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

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.

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 May 2015

104,191

Additions

45,380

At 30 April 2016

149,571

DEPRECIATION

At 1 May 2015

38,557

Charge for year

30,009

At 30 April 2016

68,566

NET BOOK VALUE

At 30 April 2016

81,005

At 30 April 2015

65,634

3.

CREDITORS

Creditors include an amount of £ 147,091 (30.4.15 - £ 39,380 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.16

30.4.15

value:

£

1

Ordinary 'A'

£1

1

Ordinary 'B'

£1

1

Ordinary 'C'

£1

1

Ordinary 'D'

£1

1

4