Alan Ward Blinds Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 06755942 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2016

for

Alan Ward Blinds Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr A Ward

Mrs B Ward

REGISTERED OFFICE:

24 Orwell Crescent

Belton

GT YARMOUTH

Norfolk

NR31 9NZ

REGISTERED NUMBER:

06755942 (England and Wales)

ACCOUNTANTS:

Waveney Accountants Ltd

T/A Newman & Co

Chartered Accountants

7 Hungate

Beccles

Suffolk

NR34 9TT

FIXED ASSETS

Tangible assets

4

3,645

5,051

CURRENT ASSETS

Stocks

10,500

10,550

Debtors

5

-

936

Prepayments and accrued income

400

283

Cash at bank

13,083

9,176

23,983

20,945

CREDITORS

Amounts falling due within one year

6

24,479

23,874

NET CURRENT LIABILITIES

(496

)

(2,929

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,149

2,122

PROVISIONS FOR LIABILITIES

729

1,010

NET ASSETS

2,420

1,112

CAPITAL AND RESERVES

Called up share capital

2

1

Retained earnings

2,418

1,111

SHAREHOLDERS' FUNDS

2,420

1,112

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

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

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 23 August 2017 and were signed on its behalf by:

Mr A Ward - Director

1.	STATUTORY INFORMATION

Alan Ward Blinds 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

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 etc

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the

extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2016

14,394

Additions

573

At 31 December 2016

14,967

DEPRECIATION

At 1 January 2016

9,343

Charge for year

1,979

At 31 December 2016

11,322

NET BOOK VALUE

At 31 December 2016

3,645

At 31 December 2015

5,051

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

£

Trade debtors

-

936

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

£

Trade creditors

9,140

2,277

Taxation and social security

10,605

13,362

Other creditors

4,734

8,235

24,479

23,874