Always Guttering & Roofing Ltd - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 09251699 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 October 2017

for

Always Guttering & Roofing Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr H N Vincent

SECRETARY:

Sole Associates Accountants Ltd

REGISTERED OFFICE:

3 Park Court

Pyrford Road

West Byfleet

Surrey

KT14 6SD

REGISTERED NUMBER:

09251699 (England and Wales)

ACCOUNTANTS:

Sole Associates Accountants Ltd

3 Park Court

Pyrford Road

West Byfleet

Surrey

KT14 6SD

FIXED ASSETS

Intangible assets

4

12,500

25,000

Tangible assets

5

17,511

10,743

30,011

35,743

CURRENT ASSETS

Debtors

6

(90

)

5,819

Cash at bank

32,769

24,797

32,679

30,616

CREDITORS

Amounts falling due within one year

7

31,770

52,790

NET CURRENT ASSETS/(LIABILITIES)

909

(22,174

)

TOTAL ASSETS LESS CURRENT LIABILITIES

30,920

13,569

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

30,820

13,469

SHAREHOLDERS' FUNDS

30,920

13,569

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 29 January 2018 and were signed by:

Mr H N Vincent - Director

1.	STATUTORY INFORMATION

Always Guttering & Roofing 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of four 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.

Plant and machinery etc

-

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL.

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 November 2016

and 31 October 2017

50,000

AMORTISATION

At 1 November 2016

25,000

Charge for year

12,500

At 31 October 2017

37,500

NET BOOK VALUE

At 31 October 2017

12,500

At 31 October 2016

25,000

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 November 2016

19,100

Additions

12,785

At 31 October 2017

31,885

DEPRECIATION

At 1 November 2016

8,357

Charge for year

6,017

At 31 October 2017

14,374

NET BOOK VALUE

At 31 October 2017

17,511

At 31 October 2016

10,743

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/10/17

31/10/16

£

£

Trade debtors

(2,250

)

3,659

Other debtors

2,160

2,160

(90

)

5,819

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/10/17

31/10/16

£

£

Trade creditors

1,588

1,267

Taxation and social security

13,787

16,177

Other creditors

16,395

35,346

31,770

52,790