Chas D. Allflatt Limited - Accounts to registrar - small 17.1.1

REGISTERED NUMBER: 00508129 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

FOR

CHAS D. ALLFLATT LIMITED

Page

Company Information

1

Chartered Accountants' Report

2

Abridged Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

Mr A K Allflatt

Mr R K Allflatt

Mrs D Allflatt

SECRETARY:

Mr R K Allflatt

REGISTERED OFFICE:

The Old Stables

29A South Everard Street

Kings Lynn

Norfolk

PE30 5HJ

REGISTERED NUMBER:

00508129 (England and Wales)

ACCOUNTANTS:

Berry & Warren Ltd

Chartered Accountants

54 Thorpe Road

Norwich

Norfolk

NR1 1RY

The following reproduces the text of the report prepared for the directors and members in respect of the

company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is

only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary

statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Chas D. Allflatt Limited for the year ended 31 March 2017 which comprise the Income Statement,

Abridged Balance Sheet and the related notes from the company's accounting records and from information and

explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Chas D. Allflatt Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Chas D. Allflatt Limited and state those matters that we have agreed to state to the Board of Directors of Chas D. Allflatt Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Chas D. Allflatt Limited Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Chas D. Allflatt Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Chas D. Allflatt Limited. You consider that Chas D. Allflatt Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Chas D. Allflatt Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Berry & Warren Ltd

Chartered Accountants

54 Thorpe Road

Norwich

Norfolk

NR1 1RY

12 May 2017

FIXED ASSETS

Tangible assets

4

50,476

61,093

Investment property

5

116,257

116,257

166,733

177,350

CURRENT ASSETS

Stocks

342,690

532,491

Debtors

339,397

239,044

Cash at bank and in hand

35,721

1,260

717,808

772,795

CREDITORS

Amounts falling due within one year

573,337

634,388

NET CURRENT ASSETS

144,471

138,407

TOTAL ASSETS LESS CURRENT LIABILITIES

311,204

315,757

CREDITORS

Amounts falling due after more than one year

9,800

23,841

NET ASSETS

301,404

291,916

CAPITAL AND RESERVES

Called up share capital

10,000

10,000

Retained earnings

291,404

281,916

SHAREHOLDERS' FUNDS

301,404

291,916

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2017 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 12 May 2017 and were signed on its behalf by:

Mr A K Allflatt - Director

1.	STATUTORY INFORMATION

Chas D. Allflatt Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents the value of work carried out and invoiced in the period, 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

31.25% on reducing balance, 18.75% on reducing balance and 2.5% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in

fair value is recognised in profit or loss.

Stocks

Stock is valued at the lower of cost or net realisable value.

Work in progress is valued at sales value based on the stage of completion less expected losses on contracts

where applicable.

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 profit or loss over the relevant period. The capital element

of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss 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 profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2016 - 23 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2016

and 31 March 2017

156,229

DEPRECIATION

At 1 April 2016

95,136

Charge for year

10,617

At 31 March 2017

105,753

NET BOOK VALUE

At 31 March 2017

50,476

At 31 March 2016

61,093

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals

£

COST

At 1 April 2016

18,000

Transfer to ownership

(7,750

)

At 31 March 2017

10,250

DEPRECIATION

At 1 April 2016

10,558

Charge for year

1,325

Transfer to ownership

(4,547

)

At 31 March 2017

7,336

NET BOOK VALUE

At 31 March 2017

2,914

At 31 March 2016

7,442

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2016

and 31 March 2017

116,257

NET BOOK VALUE

At 31 March 2017

116,257

At 31 March 2016

116,257

6.	SECURED DEBTS

The following secured debts are included within creditors:

2017

2016

£

£

Bank overdrafts

245,814

292,946

Bank loans

23,841

40,594

Hire purchase contracts

961

4,470

270,616

338,010

The bank loan and overdraft are secured by fixed and floating charges. The hire purchase liability is secured on

the assets financed.

7.	ULTIMATE CONTROLLING PARTY

The company is under the control of Mr A K Allflatt.