Anew Flooring Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 07879870 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2016

for

Anew Flooring Limited

Page

Company Information

1

Chartered Certified Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

4

Director:

Mr A J Dewhirst

Registered office:

9 Shanklin Close

Denton

Manchester

M34 7GT

Registered number:

07879870 (England and Wales)

Accountants:

Allen Mills Howard & Co

Chartered Certified Accountants

Library Chambers

48 Union Street

Hyde

Cheshire

SK14 1ND

The following reproduces the text of the report prepared for the director 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 Director 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 Anew Flooring Limited for the year ended 31 December 2016 which comprise the Profit and

Loss Account, 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Anew Flooring Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Anew Flooring Limited and state those matters that we have agreed to state to the director of Anew Flooring Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Anew Flooring 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 Anew Flooring Limited. You consider that Anew Flooring 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 Anew Flooring 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.

Allen Mills Howard & Co

Chartered Certified Accountants

Library Chambers

48 Union Street

Hyde

Cheshire

SK14 1ND

25 September 2017

Fixed assets

Tangible assets

4

11,433

9,905

Current assets

Debtors

5

179,400

135,447

Cash at bank and in hand

1,103

1,947

180,503

137,394

Creditors

Amounts falling due within one year

6

128,574

94,650

Net current assets

51,929

42,744

Total assets less current liabilities

63,362

52,649

Provisions for liabilities

2,287

1,981

Net assets

61,075

50,668

Capital and reserves

Called up share capital

7

10

10

Retained earnings

61,065

50,658

Shareholders' funds

61,075

50,668

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 director acknowledges his 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director on 25 September 2017 and were signed by:

Mr A J Dewhirst - Director

1.	Statutory information

Anew Flooring 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

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

15% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account,

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

3.	Employees and directors

The average number of employees during the year was 4 .

4.	Tangible fixed assets

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

Cost

At 1 January 2016

5,098

5,300

3,147

13,545

Additions

-

4,500

703

5,203

Disposals

-

(1,000

)

-

(1,000

)

At 31 December 2016

5,098

8,800

3,850

17,748

Depreciation

At 1 January 2016

1,056

1,325

1,259

3,640

Charge for year

606

1,931

388

2,925

Eliminated on disposal

-

(250

)

-

(250

)

At 31 December 2016

1,662

3,006

1,647

6,315

Net book value

At 31 December 2016

3,436

5,794

2,203

11,433

At 31 December 2015

4,042

3,975

1,888

9,905

5.

Debtors: amounts falling due within one year

2016

2015

£

£

Trade debtors

96,542

74,136

Other debtors

82,858

61,311

179,400

135,447

6.

Creditors: amounts falling due within one year

2016

2015

£

£

Bank loans and overdrafts

10,681

-

Trade creditors

57,878

31,651

Taxation and social security

35,165

61,399

Other creditors

24,850

1,600

128,574

94,650

7.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

100

Ordinary

10p

10

10

8.	Director's advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 31 December 2016 and

31 December 2015:

2016

2015

£

£

Mr A J Dewhirst

Balance outstanding at start of year

48,531

38,123

Amounts advanced

19,393

10,408

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

67,924

48,531

9.	Ultimate controlling party

The controlling party is Mr A J Dewhirst.