Team Frames (Ashford) Ltd - Accounts to registrar - small 16.1.1

Team Frames (Ashford) Ltd - Accounts to registrar - small 16.1.1

TEAM FRAMES (ASHFORD) LTD - Company Information

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REGISTERED NUMBER: 07001546 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2017

for

Team Frames (Ashford) Ltd

Team Frames (Ashford) Ltd (Registered number: 07001546)






Contents of the Financial Statements
for the Year Ended 30 September 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Team Frames (Ashford) Ltd

Company Information
for the Year Ended 30 September 2017







DIRECTORS: P Jarrett
Mrs G Milham





SECRETARY: Mrs G Milham





REGISTERED OFFICE: 8 Beaulieu Drive
Stone Cross
Pevensey
Eastbourne
East Sussex
BN24 5DN





REGISTERED NUMBER: 07001546 (England and Wales)





ACCOUNTANTS: NCR Accountancy Services
61 Oaklands
Westham
Pevensey
Eastbourne
East Sussex
BN24 5AW
Page 1
Team Frames (Ashford) Ltd (Registered number: 07001546)

Balance Sheet
30 September 2017

30.9.17 30.9.16
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 9,000 3,131

CURRENT ASSETS
Stocks 19,990 17,943
Debtors: amounts falling due within
one year
5
128,473
158,568
Cash at bank and in hand 114,023 114,653
262,486 291,164
CREDITORS
Amounts falling due within one year 6 113,605 156,679
NET CURRENT ASSETS 148,881 134,485
TOTAL ASSETS LESS CURRENT
LIABILITIES
157,881
137,616

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 157,879 137,614
SHAREHOLDERS' FUNDS 157,881 137,616

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 notes form part of these financial statements

Page 2 continued...
Team Frames (Ashford) Ltd (Registered number: 07001546)

Balance Sheet - continued
30 September 2017


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 13 January 2018 and were
signed on its behalf by:





Mrs G Milham - Director


The notes form part of these financial statements

Page 3
Team Frames (Ashford) Ltd (Registered number: 07001546)

Notes to the Financial Statements
for the Year Ended 30 September 2017

1. STATUTORY INFORMATION

Team Frames (Ashford) Ltd 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.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance
for obsolete and slow moving items.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not
reversed at the balance sheet date.

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 5 .

Page 4 continued...
Team Frames (Ashford) Ltd (Registered number: 07001546)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2017

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 October 2016 3,642 7,072 10,714
Additions 300 8,092 8,392
At 30 September 2017 3,942 15,164 19,106
DEPRECIATION
At 1 October 2016 1,752 5,831 7,583
Charge for year 189 2,334 2,523
At 30 September 2017 1,941 8,165 10,106
NET BOOK VALUE
At 30 September 2017 2,001 6,999 9,000
At 30 September 2016 1,890 1,241 3,131

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.17 30.9.16
£    £   
Trade debtors 103,820 137,144
Other debtors 24,653 21,424
128,473 158,568

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.17 30.9.16
£    £   
Bank loans and overdrafts 950 -
Trade creditors 69,507 78,697
Taxation and social security 22,341 32,424
Other creditors 20,807 45,558
113,605 156,679

Page 5