All-Ways Stainless Services Limited - Accounts to registrar - small 17.2

All-Ways Stainless Services Limited - Accounts to registrar - small 17.2

ALL-WAYS STAINLESS SERVICES LIMITED - Company Information

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REGISTERED NUMBER: 06269192 (England and Wales)


















ALL-WAYS STAINLESS SERVICES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2017





Llewelyn Davies
Chartered Accountants
Yelverton House
St John Street
Whitland
Carmarthenshire
SA34 0AW








ALL-WAYS STAINLESS SERVICES LIMITED (REGISTERED NUMBER: 06269192)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2017










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


ALL-WAYS STAINLESS SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2017







DIRECTOR: D G Griffiths





SECRETARY: Mrs P T Griffiths





REGISTERED OFFICE: 20 Neyland Heights
Neyland
Milford Haven
Pembrokeshire
SA73 1RQ





REGISTERED NUMBER: 06269192 (England and Wales)





ACCOUNTANTS: Llewelyn Davies
Chartered Accountants
Yelverton House
St John Street
Whitland
Carmarthenshire
SA34 0AW
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ALL-WAYS STAINLESS SERVICES LIMITED (REGISTERED NUMBER: 06269192)

ABRIDGED BALANCE SHEET
31 JANUARY 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,431 4,575

CURRENT ASSETS
Stocks 3,500 1,500
Debtors 37,602 12,853
Cash at bank 23,436 23,846
64,538 38,199
CREDITORS
Amounts falling due within one year 39,425 27,437
NET CURRENT ASSETS 25,113 10,762
TOTAL ASSETS LESS CURRENT
LIABILITIES
28,544
15,337

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 28,543 15,336
28,544 15,337

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2017 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 January 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 director on 27 September 2017 and were signed by:





D G Griffiths - Director


The notes form part of these financial statements

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ALL-WAYS STAINLESS SERVICES LIMITED (REGISTERED NUMBER: 06269192)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2017


1. STATUTORY INFORMATION

All-Ways Stainless Services 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 and 25% on cost

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.

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.

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 4 .

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ALL-WAYS STAINLESS SERVICES LIMITED (REGISTERED NUMBER: 06269192)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2017


4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 February 2016
and 31 January 2017 14,088
DEPRECIATION
At 1 February 2016 9,513
Charge for year 1,144
At 31 January 2017 10,657
NET BOOK VALUE
At 31 January 2017 3,431
At 31 January 2016 4,575

5. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2017
and 31 January 2016:

2017 2016
£    £   
D G Griffiths
Balance outstanding at start of year 5,692 486
Amounts advanced 5,832 5,206
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 11,524 5,692

The overdrawn balance was cleared by way of dividend on 30 April 2017.

6. ULTIMATE CONTROLLING PARTY

The company is controlled by the director.

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