Appliance Installations Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 06246372 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 May 2017

for

Appliance Installations Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P Beggs

C Beggs

SECRETARY:

REGISTERED OFFICE:

C/o Craven Dalton

Unit 11 Portal Business Park

Eaton Lane

Tarporley

Cheshire

CW6 9DL

REGISTERED NUMBER:

06246372 (England and Wales)

ACCOUNTANTS:

Craven Dalton

Jigsaw House

Unit 11 Portal Business Park

Eaton Lane

Tarporley

Cheshire

CW6 9DL

BANKERS:

National Westminster Bank Plc

High Street

Tarporley

Cheshire

CW6 0DZ

FIXED ASSETS

Tangible assets

4

17,794

31,346

CURRENT ASSETS

Debtors

5

34,618

43,736

Cash at bank

776

3,926

35,394

47,662

CREDITORS

Amounts falling due within one year

6

33,244

47,651

NET CURRENT ASSETS

2,150

11

TOTAL ASSETS LESS CURRENT LIABILITIES

19,944

31,357

CREDITORS

Amounts falling due after more than one year

7

(5,670

)

(8,753

)

PROVISIONS FOR LIABILITIES

(2,049

)

(4,620

)

NET ASSETS

12,225

17,984

CAPITAL AND RESERVES

Called up share capital

3

3

Retained earnings

12,222

17,981

SHAREHOLDERS' FUNDS

12,225

17,984

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 28 February 2018 and were signed on its behalf by:

P Beggs - Director

1.	STATUTORY INFORMATION

Appliance Installations 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.

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.

Improvements to property

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance and term of lease

Computer equipment

-

33% on cost

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4.	TANGIBLE FIXED ASSETS

Improvements

to

Motor

Computer

property

vehicles

equipment

Totals

£

£

£

£

COST

At 1 June 2016

9,702

56,138

4,097

69,937

Additions

2,839

-

-

2,839

Disposals

-

(39,138

)

-

(39,138

)

At 31 May 2017

12,541

17,000

4,097

33,638

DEPRECIATION

At 1 June 2016

1,455

34,083

3,053

38,591

Charge for year

1,611

2,656

694

4,961

Eliminated on disposal

-

(27,708

)

-

(27,708

)

At 31 May 2017

3,066

9,031

3,747

15,844

NET BOOK VALUE

At 31 May 2017

9,475

7,969

350

17,794

At 31 May 2016

8,247

22,055

1,044

31,346

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

Motor

vehicles

£

COST

At 1 June 2016

56,138

Disposals

(39,138

)

At 31 May 2017

17,000

DEPRECIATION

At 1 June 2016

34,083

Charge for year

2,656

Eliminated on disposal

(27,708

)

At 31 May 2017

9,031

NET BOOK VALUE

At 31 May 2017

7,969

At 31 May 2016

22,055

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.17

31.5.16

£

£

Trade debtors

8,766

8,875

Directors' loan accounts

25,052

34,061

Prepayments

800

800

34,618

43,736

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.17

31.5.16

£

£

Hire purchase contracts

3,088

22,941

Trade creditors

181

1,078

Tax

19,744

12,285

Social security and other taxes

37

54

VAT

3,839

4,938

Accrued expenses

6,355

6,355

33,244

47,651

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.5.17

31.5.16

£

£

Hire purchase contracts

5,670

8,753

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.5.17

31.5.16

£

£

Hire purchase contracts

8,758

31,694

The hire purchase liability is secured on the asset concerned.

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 May 2017 and

31 May 2016:

31.5.17

31.5.16

£

£

P Beggs and C Beggs

Balance outstanding at start of year

34,061

20,216

Amounts advanced

31,031

34,885

Amounts repaid

(40,040

)

(21,040

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

25,052

34,061

During the year the company paid dividends to the director, P Beggs, the sole shareholder and managing

director, in the sum of £39,000 (2016 - £20,000).

10.	ULTIMATE CONTROLLING PARTY

Throughout the period the company was controlled by P Beggs, the major shareholder and managing director.