Company Registration No. 04515112 (England and Wales)
Paul Ashby Developments Limited
Unaudited accounts
for the year ended 31 August 2017
Paul Ashby Developments Limited
Unaudited accounts
Contents
Paul Ashby Developments Limited
Company Information
for the year ended 31 August 2017
Directors
Mr P Ashby
Mrs J Ashby
Company Number
04515112 (England and Wales)
Registered Office
19 JULIAN ROAD
ORPINGTON
KENT
BR6 6HT
Paul Ashby Developments Limited
Statement of financial position
as at 31 August 2017
Tangible assets
1,975
3,156
Cash at bank and in hand
10,000
10,010
Creditors: amounts falling due within one year
(244,298)
(205,528)
Net current assets
192,753
250,071
Total assets less current liabilities
256,728
315,227
Provisions for liabilities
Net assets
256,352
314,465
Called up share capital
106
106
Revaluation reserve
23,908
23,908
Profit and loss account
232,338
290,451
Shareholders' funds
256,352
314,465
For the year ending 31 August 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 5 April 2018.
Mr P Ashby
Director
Company Registration No. 04515112
Paul Ashby Developments Limited
Notes to the Accounts
for the year ended 31 August 2017
Paul Ashby Developments Limited is a private company, limited by shares, registered in England and Wales, registration number 04515112. The registered office is 19 JULIAN ROAD, ORPINGTON, KENT, BR6 6HT.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 August 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 September 2015.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
10% on cost
Plant & machinery
25% on reducing balance
Fixtures & fittings
25% on reducing balance
Paul Ashby Developments Limited
Notes to the Accounts
for the year ended 31 August 2017
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 September 2016
8,248
5,298
13,546
Disposals
-
(1,394)
(1,394)
At 31 August 2017
8,248
4,513
12,761
At 1 September 2016
6,599
3,791
10,390
Charge for the year
825
827
1,652
On disposals
-
(1,256)
(1,256)
At 31 August 2017
7,424
3,362
10,786
At 31 August 2017
824
1,151
1,975
At 31 August 2016
1,649
1,507
3,156
5
Investments
Other investments
Valuation at 1 September 2016
62,000
Valuation at 31 August 2017
62,000
Finished goods
16,290
4,071
Trade debtors
3,614
30,488
Other debtors
407,147
411,030
8
Creditors: amounts falling due within one year
2017
2016
Bank loans and overdrafts
27,511
10,130
Trade creditors
10,349
29,427
Taxes and social security
1,675
8,513
Loans from directors
176,246
157,458
Paul Ashby Developments Limited
Notes to the Accounts
for the year ended 31 August 2017
Allotted, called up and fully paid:
106 Ordinary shares of £1 each
106
106
10
Average number of employees
During the year the average number of employees was 2 (2016: 2).
