Anchor Point Utilities Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 07989894 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 March 2017

for

Anchor Point Utilities Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

A Fletcher

O J Osborne

REGISTERED OFFICE:

1 Ynysmaerdy Terrace

Ynysmaerdy

Llantrisant

Rhondda Cynon Taff

CF72 8LG

REGISTERED NUMBER:

07989894 (England and Wales)

ACCOUNTANTS:

Curtis Bowden & Thomas Limited

Chartered Certified Accountants

101 Dunraven Street

Tonypandy

CF40 1AR

FIXED ASSETS

Tangible assets

4

8,348

8,782

CURRENT ASSETS

Debtors

5

7,588

3,783

Cash at bank

-

100

7,588

3,883

CREDITORS

Amounts falling due within one year

6

(20,373

)

(13,571

)

NET CURRENT LIABILITIES

(12,785

)

(9,688

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(4,437

)

(906

)

PROVISIONS FOR LIABILITIES

(1,234

)

-

NET LIABILITIES

(5,671

)

(906

)

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

(5,673

)

(908

)

(5,671

)

(906

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 March 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 6 April 2018 and were signed on its behalf by:

O J Osborne - Director

1.	STATUTORY INFORMATION

Anchor Point Utilities 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.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 31 March 2016

12,300

Additions

2,350

At 30 March 2017

14,650

DEPRECIATION

At 31 March 2016

3,518

Charge for year

2,784

At 30 March 2017

6,302

NET BOOK VALUE

At 30 March 2017

8,348

At 30 March 2016

8,782

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.3.17

30.3.16

£

£

Other debtors

7,588

3,783

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.3.17

30.3.16

£

£

Bank loans and overdrafts

3,322

2,294

Hire purchase contracts

3,946

6,231

Trade creditors

2,270

1,944

Taxation and social security

3,603

121

Other creditors

7,232

2,981

20,373

13,571

7.	ULTIMATE CONTROLLING PARTY

The controlling party is the directors.

8.	FIRST YEAR ADOPTION

This is the first year that the company has presented its results under FRS102. The last financial statements

under previous UK GAAP were for the year ended 30 March 2016. The date of transition to FRS102 was 30

March 2016. Set out below are the changes in the accounting policies which reconcile profits for the financial

year ended 30 March 2016 and the total equity as at 31 March 2015 and 30 March 2016 between UK GAAP as

previously reported and FRS102.