Allen Roofing Ltd - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 05546660 (England and Wales)

ALLEN ROOFING LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2017

Page

Company Information

1

Statement of Financial Position

2

to

3

Notes to the Financial Statements

4

to

7

DIRECTOR:

S Allen

SECRETARY:

Mrs D Allen

REGISTERED OFFICE:

14 Wedgewood Road

Lincoln

Lincolnshire

LN6 3LU

REGISTERED NUMBER:

05546660 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

4 Henley Way

Doddington Road

Lincoln

Lincolnshire

LN6 3QR

FIXED ASSETS

Intangible assets

4

15,000

16,500

Tangible assets

5

14,391

16,599

29,391

33,099

CURRENT ASSETS

Stocks

3,000

4,500

Debtors

6

99,897

99,480

Cash at bank

77,482

43,784

180,379

147,764

CREDITORS

Amounts falling due within one year

7

109,519

84,187

NET CURRENT ASSETS

70,860

63,577

TOTAL ASSETS LESS CURRENT LIABILITIES

100,251

96,676

CREDITORS

Amounts falling due after more than one year

8

-

(1,950

)

PROVISIONS FOR LIABILITIES

(2,734

)

(3,320

)

NET ASSETS

97,517

91,406

CAPITAL AND RESERVES

Called up share capital

11

1

1

Retained earnings

97,516

91,405

SHAREHOLDERS' FUNDS

97,517

91,406

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

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

S Allen - Director

1.	STATUTORY INFORMATION

Allen 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

First year adoption of Financial Reporting Standard 102 ( FRS 102) Section 1A

The financial statements for the year ended 30 September 2017 are the first financial statements of Allen

Roofing Ltd prepared in accordance with FRS 102. Adjustments required on transition are set out in the notes

to the financial statements.

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 2008, is being amortised evenly over its estimated useful life of twenty 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

-

15% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value after making due allowances for

obsolete and slow moving items.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

statement of financial position 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 (2016 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 October 2016

and 30 September 2017

30,000

AMORTISATION

At 1 October 2016

13,500

Charge for year

1,500

At 30 September 2017

15,000

NET BOOK VALUE

At 30 September 2017

15,000

At 30 September 2016

16,500

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 October 2016

35,102

Additions

4,750

Disposals

(4,820

)

At 30 September 2017

35,032

DEPRECIATION

At 1 October 2016

18,503

Charge for year

3,538

Eliminated on disposal

(1,400

)

At 30 September 2017

20,641

NET BOOK VALUE

At 30 September 2017

14,391

At 30 September 2016

16,599

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

94,364

97,640

Other debtors

5,533

1,840

99,897

99,480

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Hire purchase contracts (see note 9)

2,003

3,533

Trade creditors

80,148

44,182

Taxation and social security

17,317

36,101

Other creditors

10,051

371

109,519

84,187

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Hire purchase contracts (see note 9)

-

1,950

9.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2017

2016

£

£

Net obligations repayable:

Within one year

2,003

3,533

Between one and five years

-

1,950

2,003

5,483

10.	SECURED DEBTS

The following secured debts are included within creditors:

2017

2016

£

£

Hire purchase contracts

2,003

5,483

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

1

Ordinary

£1

1

1

12.	FIRST YEAR ADOPTION

The company has adopted FRS 102 for the first time in the period ended 30th September 2017. The reported

financial position and financial performance for the previous period are not affected by the transition to FRS

102.