Ardencoast Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 08583136 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 June 2017

for

Ardencoast Limited

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

4

to

5

DIRECTORS:

Mr J S Sidhu

Mrs C K Sidhu

REGISTERED OFFICE:

Unit 82 Bridge Road

Great Bridge Industrial Estate

Great Bridge

Tipton

West Midlands

DY4 0HR

REGISTERED NUMBER:

08583136 (England and Wales)

ACCOUNTANTS:

Anil K Bhagi Chartered Accountants

and Registered Auditors

91 Soho Hill

Hockley

Birmingham

West Midlands

B19 1AY

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.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Ardencoast Limited for the year ended 30 June 2017 which comprise the Income Statement,

Balance Sheet and the related notes from the company's accounting records and from information and explanations you

have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Ardencoast Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Ardencoast Limited and state those matters that we have agreed to state to the Board of Directors of Ardencoast Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ardencoast Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Ardencoast Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Ardencoast Limited. You consider that Ardencoast Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Ardencoast Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Anil K Bhagi Chartered Accountants

and Registered Auditors

91 Soho Hill

Hockley

Birmingham

West Midlands

B19 1AY

22 March 2018

CURRENT ASSETS

Debtors

4

6,062

17,345

Cash at bank and in hand

12,602

14,643

18,664

31,988

CREDITORS

Amounts falling due within one year

5

17,294

30,618

NET CURRENT ASSETS

1,370

1,370

TOTAL ASSETS LESS CURRENT LIABILITIES

1,370

1,370

CAPITAL AND RESERVES

Called up share capital

6

100

100

Retained earnings

7

1,270

1,270

SHAREHOLDERS' FUNDS

1,370

1,370

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 22 March 2018 and were signed on its behalf by:

Mr J S Sidhu - Director

1.	STATUTORY INFORMATION

Ardencoast 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.

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 (2016 - 1 ).

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.17

30.6.16

£

£

Trade debtors

-

14,000

Directors' current accounts

6,062

3,345

6,062

17,345

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.17

30.6.16

£

£

Tax

15,494

28,818

Accruals and deferred income

1,800

1,800

17,294

30,618

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.17

30.6.16

value:

£

£

50

Ordinary "A"

£1

50

50

50

Ordinary "B"

£1

50

50

100

100

7.

RESERVES

Retained

earnings

£

At 1 July 2016

1,270

Profit for the year

-

At 30 June 2017

1,270

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 June 2017 and

30 June 2016:

30.6.17

30.6.16

£

£

Mr J S Sidhu and Mrs C K Sidhu

Balance outstanding at start of year

3,345

4,586

Amounts advanced

6,062

-

Amounts repaid

(3,345

)

(1,241

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

6,062

3,345

The loan advanced is repayable within 1 year and no interest is chargeable.

9.	RELATED PARTY DISCLOSURES

During the period £Nil ( 2016 - £31,000) of the turnover was derived from Jerseytex Limited, a company in

which the director Mr J Sidhu's father is a major shareholder. Debtors of £ Nil (2016 - £14,000) relate to the

same.