| ANWYN COLLECTIBLES LTD. |
| UNAUDITED FINANCIAL STATEMENTS |
| Year ended 31 March 2017 |
| Balance Sheet (Continued...) |
|
|
|
|
|
| For the year ending 31 March 2017 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies. |
|
| Members have not required the company to obtain an audit in accordance with section 476 of the act. |
|
The directors acknowledge their responsibilities for:
(a) ensuring that the company keeps accounting records which comply with section 386 of the Companies Act 2006 and
(b) preparing financial statements which give a true and fair view of the state of affairs as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Section 394 and 395 and which otherwise comply with the requirements of the Act relating to financial statements, so far as applicable to the company. |
|
| These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies and with the Financial Reporting Standard for Smaller entities (effective April 2008) |
|
|
| ON BEHALF OF THE BOARD: |
|
|
|
|
|
| T. Vennett-Smith |
| Director |
|
|
| Approved Date: |
06/12/2017 |
|
| ANWYN COLLECTIBLES LTD. |
| UNAUDITED FINANCIAL STATEMENTS |
| Year ended 31 March 2017 |
| Notes to the Accounts |
|
|
|
|
|
|
|
|
| 1 |
ACCOUNTING POLICIES |
|
|
Accounting Convention |
|
|
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of certain fixed assets, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). |
|
|
Compliance with Accounting Standards |
|
|
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and have been applied consistently (except otherwise stated). |
|
|
Turnover |
|
|
The turnover shown in the net profit and loss account represents the amounts invoiced during the period. |
|
|
|
Amortisation |
|
|
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that assets as follows; |
|
|
Goodwill |
|
- |
|
2 Year Straight Line |
|
| ANWYN COLLECTIBLES LTD. |
| UNAUDITED FINANCIAL STATEMENTS |
| Year ended 31 March 2017 |
| Notes to the Accounts |
|
|
|
|
|
|
|
|
|
|
|
| 3 |
TRANSACTIONS WITH DIRECTORS |
|
|
During the year a loan account existed between the company and the directors. The balance payable by the company at the 31 March 2017. |
|
|
|
|
|
|
|
2017 |
|
2016 |
|
|
|
|
|
|
£ |
|
£ |
|
|
T. Vennett-Smith |
|
|
|
|
28,431 |
|
34,738 |
|
|
|
|
|
|
|
28,431 |
|
34,738 |
|
|
| 4 |
RECONCILIATION OF MOVEMENTS IN SHAREHOLDERS' FUNDS |
|
|
|
|
|
|
|
2017 |
|
|
|
|
|
|
£ |
|
|
Profit / Loss for the financial year |
|
3,218 |
|
|
|
|
|
|
|
|
|
Net addition to shareholders' funds |
3,218 |
|
|
Opening Shareholders' funds |
- 9,373 |
|
|
|
|
|
|
|
|
|
Closing Shareholders' funds |
- 6,155 |
|
|
|
|
|
|
|
|
|
Equity Interests |
- 6,155 |
|
|
|
|
|
|
|
|
|
| 5 |
ULTIMATE CONTROLLING PARTY |
|
|
Mr T. Vennett-Smith is considered to be the ultimate controlling party as he holds 100% of the issued share capital. |
