Ansdell Project Management Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 06707179 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2017

for

Ansdell Project Management Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

D T Ansdell

REGISTERED OFFICE:

Paddock Lodge Main Street

Chapel Haddlesey

Selby

YO8 8QQ

REGISTERED NUMBER:

06707179 (England and Wales)

ACCOUNTANTS:

Frank W Dobby & Co Limited

Chartered Certified Accountants

55 Fountain Street

Morley

Leeds

West Yorkshire

LS27 0AA

FIXED ASSETS

Tangible assets

4

6,464

7,951

CURRENT ASSETS

Debtors

5

98,854

142,596

Cash at bank and in hand

19,966

39,014

118,820

181,610

CREDITORS

Amounts falling due within one year

6

55,810

79,733

NET CURRENT ASSETS

63,010

101,877

TOTAL ASSETS LESS CURRENT LIABILITIES

69,474

109,828

PROVISIONS FOR LIABILITIES

1,293

1,590

NET ASSETS

68,181

108,238

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

68,081

108,138

SHAREHOLDERS' FUNDS

68,181

108,238

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 23 November 2017 and were signed by:

D T Ansdell - Director

1.	STATUTORY INFORMATION

Ansdell Project Management 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.

This is the first year of adoption of FRS 102.

The financial statements are presented in Sterling (£)

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Revenue from the sale of the service is recognised when services are delivered and legal title passes.

Tangible fixed assets

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and

accumulated impairment losses.

At each balance sheet date the company reviews the carrying amount of its tangible fixed assets to determine

whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the

recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2016 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2016

11,213

9,351

20,564

Additions

-

125

125

At 31 March 2017

11,213

9,476

20,689

DEPRECIATION

At 1 April 2016

5,360

7,253

12,613

Charge for year

878

734

1,612

At 31 March 2017

6,238

7,987

14,225

NET BOOK VALUE

At 31 March 2017

4,975

1,489

6,464

At 31 March 2016

5,853

2,098

7,951

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Trade debtors

-

17,640

Directors / Shareholders loan

98,854

124,956

98,854

142,596

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Trade creditors

513

859

Tax

42,124

63,492

Social security and other taxes

119

(261

)

VAT

8,767

12,343

Accrued expenses

4,287

3,300

55,810

79,733

7.	RELATED PARTY DISCLOSURES

During the year, total dividends of £62,500 (2016 - £70,000) were paid to the director .

8.	FIRST YEAR ADOPTION

The financial statements for the year ended 31 March 2017 are the first for Ansdell Project Management Limited

prepared in accordance with FRS 102, the reporting standard applicable in the UK and Republic of Ireland. The

date of transition to FRS 102 was 1 April 2016. The reported financial position and financial performance of the

previous period are not affected by the transition to FRS 102.