Almeda Facilities Limited - Period Ending 2016-05-31

Registration number: 03993371

Almeda Facilities Limited

Unaudited abbreviated accounts

for the year ended 31 May 2016
 

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 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets		2			76,591			97,896
Current assets
Stock					8,400			3,750
Debtors					2,388,443			928,181
Cash at bank and in hand					101,147			167,607
					2,497,990			1,099,538
Creditors: amounts falling due within one year		3			(2,324,862)			(936,056)
Net current assets					173,128			163,482
Total assets less current liabilities					249,719			261,378
Provisions for liabilities					(11,167)			(9,785)
Net assets					238,552			251,593
Capital and reserves
Called up share capital		4			100			100
Profit and loss account					238,452			251,493
Shareholders' funds					238,552			251,593

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 2016
......... continued

For the year ending 31 May 2016 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 January 2015).

Approved by the board on 28 February 2017 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 2016
......... 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 January 2015).

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 2016
......... continued

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 2015		227,437			227,437
Additions		28,561			28,561
Disposals		(80,677)			(80,677)
At 31 May 2016		175,321			175,321
Depreciation
At 1 June 2015		129,541			129,541
Charge for the year		21,879			21,879
Eliminated on disposals		(52,690)			(52,690)
At 31 May 2016		98,730			98,730
Net book value
At 31 May 2016		76,591			76,591
At 31 May 2015		97,896			97,896

3

Creditors

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

		2016 £			2015 £
Amounts falling due within one year		475,891			240,492

Page 4

Almeda Facilities Limited
Notes to the abbreviated accounts for the year ended 31 May 2016
......... continued

4	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary of £ 1 each		100			100			100			100

Page 5