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

REGISTERED NUMBER: 03271499 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 October 2017

for

Alverprise Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

P M Ritchie

SECRETARY:

P M Ritchie

REGISTERED OFFICE:

47 Mountfield Way

Boulton Moor

Derby

Derbyshire

DE24 5AN

REGISTERED NUMBER:

03271499 (England and Wales)

ACCOUNTANTS:

Richard Croucher & Co Limited

Chartered Certified Accountants

Burrs Hill Staplehurst Raod

Marden

Tonbridge

Kent

TN12 9BS

FIXED ASSETS

Tangible assets

4

18,648

21,827

CURRENT ASSETS

Stocks

-

1,300

Debtors

5

28,116

22,634

Cash at bank

23,739

10,535

51,855

34,469

CREDITORS

Amounts falling due within one year

6

31,019

26,532

NET CURRENT ASSETS

20,836

7,937

TOTAL ASSETS LESS CURRENT LIABILITIES

39,484

29,764

CREDITORS

Amounts falling due after more than one year

7

(5,286

)

(10,572

)

PROVISIONS FOR LIABILITIES

(3,543

)

(4,334

)

NET ASSETS

30,655

14,858

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

30,555

14,758

SHAREHOLDERS' FUNDS

30,655

14,858

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 1 June 2018 and were signed by:

P M Ritchie - Director

1.	STATUTORY INFORMATION

Alverprise 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

at varying rates on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in

bringing stocks to their present location and condition.

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element

of the future payments is treated as a liability.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 November 2016

27,057

Additions

2,981

At 31 October 2017

30,038

DEPRECIATION

At 1 November 2016

5,230

Charge for year

6,160

At 31 October 2017

11,390

NET BOOK VALUE

At 31 October 2017

18,648

At 31 October 2016

21,827

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 November 2016

and 31 October 2017

20,301

DEPRECIATION

At 1 November 2016

2,030

Charge for year

4,060

At 31 October 2017

6,090

NET BOOK VALUE

At 31 October 2017

14,211

At 31 October 2016

18,271

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.17

31.10.16

£

£

Trade debtors

26,850

20,907

Other debtors

1,266

1,727

28,116

22,634

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.17

31.10.16

£

£

Hire purchase contracts

5,286

5,286

Trade creditors

-

2,233

Taxation and social security

23,253

10,580

Other creditors

2,480

8,433

31,019

26,532

Included within other creditors are amounts owed to the directors of £84 (2016 - £7,734).

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.10.17

31.10.16

£

£

Hire purchase contracts

5,286

10,572

8.	RELATED PARTY DISCLOSURES

During the year, total dividends of £30,630 were paid to the director .

During the year the director had a loan account with the company, at the balance sheet date the company owed

the director £84 (2016 £7,734).