All Teed Up Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 05520438 (England and Wales)

ALL TEED UP LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2017

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

8

DIRECTORS:

Mr A Watmuff

Ms G Watmuff

SECRETARY:

Ms G Watmuff

REGISTERED OFFICE:

Whitby Court

Abbey Road

Shepley

HUDDERSFIELD

West Yorkshire

HD8 8EL

REGISTERED NUMBER:

05520438 (England and Wales)

ACCOUNTANTS:

FINLAYSON & CO

Whitby Court

Abbey Road

Shepley

HUDDERSFIELD

West Yorkshire

HD8 8EL

FIXED ASSETS

Intangible assets

4

6,400

7,200

Tangible assets

5

24,623

33,240

31,023

40,440

CURRENT ASSETS

Cash at bank

13,418

15,520

CREDITORS

Amounts falling due within one year

6

21,407

17,788

NET CURRENT LIABILITIES

(7,989

)

(2,268

)

TOTAL ASSETS LESS CURRENT LIABILITIES

23,034

38,172

CREDITORS

Amounts falling due after more than one year

7

15,410

21,167

NET ASSETS

7,624

17,005

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

9

7,524

16,905

SHAREHOLDERS' FUNDS

7,624

17,005

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 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 1 November 2017 and were signed on its behalf by:

Mr A Watmuff - Director

1.	STATUTORY INFORMATION

All Teed Up 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Beauty Equipment

-

20% on cost

Golf Equipment

-

20% on cost

Office Equipment

-

20% on cost

Motor Vehicles

-

25% on reducing balance

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element

of the future payments is treated as a liability.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2016

and 31 March 2017

16,000

AMORTISATION

At 1 April 2016

8,800

Charge for year

800

At 31 March 2017

9,600

NET BOOK VALUE

At 31 March 2017

6,400

At 31 March 2016

7,200

5.	TANGIBLE FIXED ASSETS

Beauty

Golf

Office

Motor

Equipment

Equipment

Equipment

Vehicles

Totals

£

£

£

£

£

COST

At 1 April 2016

and 31 March 2017

700

5,158

4,092

39,022

48,972

DEPRECIATION

At 1 April 2016

699

4,410

2,119

8,504

15,732

Charge for year

-

362

625

7,630

8,617

At 31 March 2017

699

4,772

2,744

16,134

24,349

NET BOOK VALUE

At 31 March 2017

1

386

1,348

22,888

24,623

At 31 March 2016

1

748

1,973

30,518

33,240

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

Vehicles

£

COST

At 1 April 2016

and 31 March 2017

39,022

DEPRECIATION

At 1 April 2016

8,504

Charge for year

7,630

At 31 March 2017

16,134

NET BOOK VALUE

At 31 March 2017

22,888

At 31 March 2016

30,518

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Hire purchase contracts

5,758

5,758

Social Security and Other Taxes

128

152

Directors' Current Accounts

6,412

2,826

Accrued Expenses

9,109

9,052

21,407

17,788

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Hire purchase contracts

15,410

21,167

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

100

Ordinary

£1

100

100

9.

RESERVES

Retained

earnings

£

At 1 April 2016

16,905

Deficit for the year

(7,881

)

Dividends

(1,500

)

At 31 March 2017

7,524

10.	ULTIMATE CONTROLLING PARTY

Mr A Watmuff is the ultimate controlling party of the company as director and majority shareholder.

The following reproduces the text of the report prepared for the directors 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 Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2017 set out on pages three to seven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

FINLAYSON & CO

Whitby Court

Abbey Road

Shepley

HUDDERSFIELD

West Yorkshire

HD8 8EL

1 November 2017