Appliances 4 Less Limited - Accounts to registrar

REGISTERED NUMBER: 09246611 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2017

for

Appliances 4 Less Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Arab A Khan

REGISTERED OFFICE:

8 Royal Parade

Church Street

Dagenham

Essex

RM10 9XB

REGISTERED NUMBER:

09246611 (England and Wales)

ACCOUNTANTS:

Prestons

Chartered Accountants

364-368 Cranbrook Road

Gants Hill

Ilford

Essex

IG2 6HY

FIXED ASSETS

Tangible assets

4

1,671

1,009

CURRENT ASSETS

Stocks

6,430

3,550

Cash at bank and in hand

3,095

9,022

9,525

12,572

CREDITORS

Amounts falling due within one year

5

9,902

11,477

NET CURRENT (LIABILITIES)/ASSETS

(377

)

1,095

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,294

2,104

CAPITAL AND RESERVES

Called up share capital

6

100

Retained earnings

1,194

2,004

SHAREHOLDERS' FUNDS

9

1,294

2,104

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 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 Income Statement has not been delivered.

The financial statements were approved by the director on 9 November 2017 and were signed by:

Arab A Khan - Director

1.	STATUTORY INFORMATION

Appliances 4 Less 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

-

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.

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 2 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 April 2016

1,345

Additions

1,219

At 31 March 2017

2,564

DEPRECIATION

At 1 April 2016

336

Charge for year

557

At 31 March 2017

893

NET BOOK VALUE

At 31 March 2017

1,671

At 31 March 2016

1,009

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

Trade creditors

1,855

60

Tax

832

3,024

Other creditors

3,380

2,544

Directors' current accounts

3,085

4,937

Accrued expenses

750

912

9,902

11,477

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.17

31.3.16

value:

£

100

ordinary

1

100

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2017 and

31 March 2016:

31.3.17

31.3.16

£

Arab A Khan

Balance outstanding at start of year

(4,937

)

-

Amounts advanced

1,878

9,467

Amounts repaid

(26

)

(14,404

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

(3,085

)

(4,937

)

8.	ULTIMATE CONTROLLING PARTY

The company is controlled by its director.

9.	RECONCILIATION OF MOVEMENTS IN SHAREHOLDERS' FUNDS

31.3.17

31.3.16

£

Profit for the financial year

4,190

12,004

Dividends

(5,000

)

(10,000

)

Net (reduction)/addition to shareholders' funds

(810

)

2,004

Opening shareholders' funds

2,104

100

Closing shareholders' funds

1,294

2,104

10.	FIRST YEAR ADOPTION

This is the first year that the company has presented its results under FRS 102. The last financial

statements under UK GAAP were for the period ended 31 March 2016. The date of transition

to FRS 102 was 1 April 2015. There are no transitional adjustments arising from the first time

adoption of FRS 102.

Appliances 4 Less Limited - Accounts to registrar - small 17.2

Appliances 4 Less Limited - Accounts to registrar - small 17.2