Paul Armstrong Surfacing Limited - Accounts to registrar (filleted) - small 18.1

Paul Armstrong Surfacing Limited - Accounts to registrar (filleted) - small 18.1

PAUL ARMSTRONG SURFACING LIMITED - Company Information

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REGISTERED NUMBER: NI073973 (Northern Ireland)















Unaudited Financial Statements for the Year Ended 30 September 2017

for

Paul Armstrong Surfacing Limited
Paul Armstrong Surfacing Limited (Registered number: NI073973)






Contents of the Financial Statements
for the Year Ended 30 September 2017




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3 to 4

Notes to the Financial Statements 5 to 8


Paul Armstrong Surfacing Limited

Company Information
for the Year Ended 30 September 2017







DIRECTORS: Mr P Armstrong
Mrs M Armstrong





REGISTERED OFFICE: C/O Lynn, Drake & Co Ltd
1st Floor
34 B-D Main Street
Moira
Co. Armagh
BT67 0LE





REGISTERED NUMBER: NI073973 (Northern Ireland)





ACCOUNTANTS: Lynn, Drake & Co Ltd
Chartered Accountants
1st Floor
34 B-D Main Street
Moira
Co. Armagh
BT67 0LE
Page 1
Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Paul Armstrong Surfacing Limited

The following reproduces the text of the report prepared for the directors in respect of the company's
annual unaudited financial statements. In accordance with the Companies Act 2006, the company is
only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain
other primary statements and the Report of the Directors are not required to be filed with the
Registrar of Companies.


In accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company for the year ended 30 September 2017 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the accounting records and information and explanations you have given to us.

This report is made to the company's Board of Directors, as a body, in accordance with the terms of our
engagement. Our work has been undertaken so that we might compile the financial statements that we have
been engaged to compile, report to the company's Board of Directors that we have done so, and state those
matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent
permitted by law, we do not accept or assume responsibility to anyone other than the company and the
company's Board of Directors, as a body, for our work or for this report.

We have carried out this engagement in accordance with guidance issued by the Institute of Chartered
Accountants in Ireland and have complied with the ethical guidance laid down by the Institute relating to
members undertaking the compilation of financial statements.

You have acknowledged on the Balance Sheet as at 30 September 2017 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.

We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.






Lynn, Drake & Co Ltd
Chartered Accountants
1st Floor
34 B-D Main Street
Moira
Co. Armagh
BT67 0LE


22 June 2018

This page does not form part of the statutory financial statements

Page 2
Paul Armstrong Surfacing Limited (Registered number: NI073973)

Balance Sheet
30 September 2017

30.9.17 30.9.16
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 6,000 9,000
Tangible assets 6 12,006 3,912
18,006 12,912

CURRENT ASSETS
Stocks 9,900 9,950
Debtors 7 141,396 140,498
Cash at bank 17,409 1,763
168,705 152,211
CREDITORS
Amounts falling due within one year 8 157,840 160,262
NET CURRENT ASSETS/(LIABILITIES) 10,865 (8,051 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
28,871
4,861

PROVISIONS FOR LIABILITIES 9 1,916 313
NET ASSETS 26,955 4,548

CAPITAL AND RESERVES
Called up share capital 10 10 10
Retained earnings 26,945 4,538
SHAREHOLDERS' FUNDS 26,955 4,548

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 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 notes on pages 5 to 8 form part of these financial statements

Page 3 continued...
Paul Armstrong Surfacing Limited (Registered number: NI073973)

Balance Sheet - continued
30 September 2017


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 22 June 2018 and were signed on its
behalf by:




Mr P Armstrong - Director



Mrs M Armstrong - Director


The notes on pages 5 to 8 form part of these financial statements

Page 4
Paul Armstrong Surfacing Limited (Registered number: NI073973)

Notes to the Financial Statements
for the Year Ended 30 September 2017

1. STATUTORY INFORMATION

Paul Armstrong Surfacing Limited is a private company, limited by shares , registered in Northern
Ireland. 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of ten 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 - 15% on cost
Fixtures and fittings - 15% on cost
Motor vehicles - 25% on cost

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.

Page 5 continued...
Paul Armstrong Surfacing Limited (Registered number: NI073973)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2017

3. ACCOUNTING POLICIES - continued

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at
the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of
exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at
the operating result.

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.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2016
and 30 September 2017 30,000
AMORTISATION
At 1 October 2016 21,000
Amortisation for year 3,000
At 30 September 2017 24,000
NET BOOK VALUE
At 30 September 2017 6,000
At 30 September 2016 9,000

Page 6 continued...
Paul Armstrong Surfacing Limited (Registered number: NI073973)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2017

6. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 October 2016 28,406 1,989 5,498 35,893
Additions - - 14,250 14,250
At 30 September 2017 28,406 1,989 19,748 50,143
DEPRECIATION
At 1 October 2016 25,980 1,803 4,198 31,981
Charge for year 1,647 57 4,452 6,156
At 30 September 2017 27,627 1,860 8,650 38,137
NET BOOK VALUE
At 30 September 2017 779 129 11,098 12,006
At 30 September 2016 2,426 186 1,300 3,912

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.17 30.9.16
£    £   
Trade debtors 127,877 140,466
Other debtors 13,485 -
ROI VAT repayable 34 32
141,396 140,498

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.17 30.9.16
£    £   
Bank loans and overdrafts 6,451 24,957
Trade creditors 49,609 39,667
Tax 29,739 24,598
Social security and other taxes 1,388 898
VAT 12,904 17,129
Other creditors 23,720 32,046
Directors' current accounts 28,689 18,517
Accrued expenses 5,340 2,450
157,840 160,262

Page 7 continued...
Paul Armstrong Surfacing Limited (Registered number: NI073973)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2017

9. PROVISIONS FOR LIABILITIES
30.9.17 30.9.16
£    £   
Deferred tax
Accelerated capital allowances 1,916 313

Deferred
tax
£   
Balance at 1 October 2016 313
Charge to Income Statement during year 1,603
Balance at 30 September 2017 1,916

10. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 30.9.17 30.9.16
value: £    £   
10 Ordinary £1 10 10

Page 8