Micro-entity Accounts - ALLIANCE POWDER COATINGS LIMITED

Micro-entity Accounts - ALLIANCE POWDER COATINGS LIMITED

ALLIANCE POWDER COATINGS LIMITED - Company Information

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Registered Number 06969750

ALLIANCE POWDER COATINGS LIMITED

Micro-entity Accounts

30 September 2017

ALLIANCE POWDER COATINGS LIMITED Registered Number 06969750

Micro-entity Balance Sheet as at 30 September 2017

Notes 2017 2016
£ £
Fixed assets
Tangible assets 1 2,300 2,692
2,300 2,692
Current assets
Stocks 6,276 7,134
Debtors 43,502 43,456
Cash at bank and in hand 31,506 22,777
81,284 73,367
Creditors: amounts falling due within one year (44,589) (56,963)
Net current assets (liabilities) 36,695 16,404
Total assets less current liabilities 38,995 19,096
Provisions for liabilities (437) (538)
Total net assets (liabilities) 38,558 18,558
Capital and reserves
Called up share capital 3 3
Profit and loss account 38,555 18,555
Shareholders' funds 38,558 18,558
  • For the year ending 30 September 2017 the company was entitled to exemption 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
  • The accounts have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 17 May 2018

And signed on their behalf by:
K Walley, Director

ALLIANCE POWDER COATINGS LIMITED Registered Number 06969750

Notes to the Micro-entity Accounts for the period ended 30 September 2017

1Tangible fixed assets
£
Cost
At 1 October 2016 9,819
Additions 333
Disposals -
Revaluations -
Transfers -
At 30 September 2017 10,152
Depreciation
At 1 October 2016 7,127
Charge for the year 725
On disposals -
At 30 September 2017 7,852
Net book values
At 30 September 2017 2,300
At 30 September 2016 2,692

2Accounting Policies

Basis of measurement and preparation of accounts
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 policy
Turnover is measured in the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible assets depreciation policy
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.
Plant and machinery etc - 20% on reducing balance

Other accounting policies
STOCKS
Stocks are valued at the lower of cost and net realisable value, after making due allowance 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 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 is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.