James Allen Classic & Vintage Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 04535823 (England and Wales)

JAMES ALLEN CLASSIC & VINTAGE LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH SEPTEMBER 2017

Page

Company Information

1

Chartered Certified Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

4

to

5

DIRECTOR:

J E Allen

SECRETARY:

E M Allen

REGISTERED OFFICE:

77 Louth Road

Holton le Clay

N E Lincolnshire

DN33 2HU

REGISTERED NUMBER:

04535823 (England and Wales)

ACCOUNTANTS:

Weaver Wroot

28 Dudley Street

Grimsby

N E Lincolnshire

DN31 2AB

The following reproduces the text of the report prepared for the director 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 Director are

not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial

statements of James Allen Classic & Vintage Limited for the year ended 30th September 2017 which comprise the Income

Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you

have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of James Allen Classic & Vintage Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of James Allen Classic & Vintage Limited and state those matters that we have agreed to state to the director of James Allen Classic & Vintage Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that James Allen Classic & Vintage Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of James Allen Classic & Vintage Limited. You consider that James Allen Classic & Vintage Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of James Allen Classic & Vintage Limited. 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 statutory financial statements.

Weaver Wroot

28 Dudley Street

Grimsby

N E Lincolnshire

DN31 2AB

19th June 2018

FIXED ASSETS

Tangible assets

4

1,183

893

CURRENT ASSETS

Stocks

5

12,000

12,000

Debtors

6

19,461

25,921

Cash at bank

14,138

6,509

45,599

44,430

CREDITORS

Amounts falling due within one year

7

17,011

21,004

NET CURRENT ASSETS

28,588

23,426

TOTAL ASSETS LESS CURRENT LIABILITIES

29,771

24,319

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

29,770

24,318

SHAREHOLDERS' FUNDS

29,771

24,319

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th 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 19th June 2018 and were signed by:

J E Allen - Director

1.	STATUTORY INFORMATION

James Allen Classic & Vintage 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.

Computer equipment

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2016 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 1st October 2016

1,052

-

1,052

Additions

-

599

599

At 30th September 2017

1,052

599

1,651

DEPRECIATION

At 1st October 2016

159

-

159

Charge for year

210

99

309

At 30th September 2017

369

99

468

NET BOOK VALUE

At 30th September 2017

683

500

1,183

At 30th September 2016

893

-

893

5.

STOCKS

2017

2016

£

£

Finished goods

12,000

12,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

-

800

Other debtors

19,461

25,121

19,461

25,921

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Payments on account

1,800

-

Corporation tax

2,389

3,272

Directors' current accounts

11,382

17,012

Accrued expenses

1,440

720

17,011

21,004