| Anthony Green And Spencer Limited |
| Registered number: |
01618445 |
| Statement of Financial Position |
| as at 31 December 2016 |
|
| Notes |
31/12/16 |
30/4/16 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
164,687 |
|
|
114,143 |
|
| Current assets |
| Debtors |
4 |
|
1,560,275 |
|
|
1,933,522 |
| Cash at bank and in hand |
|
|
342,359 |
|
|
- |
|
|
|
1,902,634 |
|
|
1,933,522 |
|
| Creditors: amounts falling due within one year |
5 |
|
(1,162,738) |
|
|
(1,236,825) |
|
| Net current assets |
|
|
|
739,896 |
|
|
696,697 |
|
| Total assets less current liabilities |
|
|
|
904,583 |
|
|
810,840 |
|
| Creditors: amounts falling due after more than one year |
6 |
|
|
(577,302) |
|
|
(577,302) |
|
|
|
| Net assets |
|
|
|
327,281 |
|
|
233,538 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
100 |
|
|
100 |
| Profit and loss account |
|
|
|
327,181 |
|
|
233,438 |
|
| Shareholders' funds |
|
|
|
327,281 |
|
|
233,538 |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| A I Spencer |
| Director |
| Approved by the board on 30 June 2017 |
|
| Anthony Green And Spencer Limited |
| Notes to the Accounts |
| for the period from 1 May 2016 to 31 December 2016 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
These financial statements for the period ended 31 December 2016 are the first financial statements of the company prepared in accordance with FRS 102. The date of transition to FRS 102 was 1 May 2015, and has not affected the reported financial position and financial performance for period ended 31 December 2016 and the year ended 30 April 2016. |
|
|
Turnover |
|
Turnover represents amounts receivable for services provided net of VAT. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided at rates calculated to write off the cost, less estimated residual value, of each asset over its expected useful life, as follows: |
|
|
Plant and machinery |
20% Straight line |
|
Motor vehicles |
25% Reducing balance |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
|
|
Leasing |
|
Rentals payable under operating leases are charged against income on a straight line basis over the lease term. |
|
|
|
Pensions |
|
The company operates a defined contribution scheme for the benefit of its employees. The assets of the scheme are held separately from those of the company in an independently administered fund. Contributions payable are charged to the profit and loss account in the year they are payable by the company to the fund. |
|
|
| 2 |
Employees |
31/12/16 |
30/4/16 |
| Number |
Number |
|
|
Average number of employees |
10 |
|
10 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
Fixtures, Fittings & Equipments |
|
Motor vehicles |
|
Total |
| £ |
£ |
£ |
|
Cost |
|
At 1 May 2016 |
185,252 |
|
- |
|
185,252 |
|
Additions |
74,016 |
|
8,000 |
|
82,016 |
|
At 31 December 2016 |
259,268 |
|
8,000 |
|
267,268 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 May 2016 |
71,109 |
|
- |
|
71,109 |
|
Charge for the period |
29,472 |
|
2,000 |
|
31,472 |
|
At 31 December 2016 |
100,581 |
|
2,000 |
|
102,581 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 December 2016 |
158,687 |
|
6,000 |
|
164,687 |
|
At 30 April 2016 |
114,143 |
|
- |
|
114,143 |
|
|
| 4 |
Debtors |
31/12/16 |
30/4/16 |
| £ |
£ |
|
|
Trade debtors |
265,635 |
|
146,736 |
|
Other debtors |
1,294,640 |
|
1,786,786 |
|
|
|
|
|
|
1,560,275 |
|
1,933,522 |
|
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
31/12/16 |
30/4/16 |
| £ |
£ |
|
|
Bank loans and overdrafts |
- |
|
93,354 |
|
Trade creditors |
36,391 |
|
60,026 |
|
Corporation tax |
168 |
|
- |
|
Other taxes and social security costs |
70,766 |
|
23,517 |
|
Other creditors |
1,055,413 |
|
1,059,928 |
|
|
|
|
|
|
1,162,738 |
|
1,236,825 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due after one year |
31/12/16 |
30/4/16 |
| £ |
£ |
|
|
Other creditors |
577,302 |
|
577,302 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Loans |
31/12/16 |
30/4/16 |
| £ |
£ |
|
Creditors include: |
|
Amounts payable otherwise than by instalment falling due for payment after more than five years |
|
577,302 |
|
577,302 |
|
|
|
|
|
|
|
|
|
|
| 8 |
Other financial commitments |
31/12/16 |
30/4/16 |
| £ |
£ |
|
|
Operating leases which expire within one year |
|
58,000 |
|
58,000 |
|
|
|
|
|
|
|
|
|
|
| 9 |
Related party transactions |
|
|
Creditors include £450,690 due to A I Spencer. This balance is derived from the ordinary course of business and there are no terms of interest and repayment. |
|
|
| 10 |
Other information |
|
|
Anthony Green And Spencer Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
7 Manchester Square |
|
London |
|
W1U 3PQ |
