Andawes Commercials Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10232239 (England and Wales)

Andawes Commercials Limited

Unaudited Financial Statements

for the Year Ended 31 March 2018

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

DS Jones

Mrs AJ Jones

WDC Jones

REGISTERED OFFICE:

Suite 6-9 Hamilton House

Leyland Business Park

Leyland

Lancashire

PR25 3GR

REGISTERED NUMBER:

10232239 (England and Wales)

ACCOUNTANTS:

McMillan & Co LLP

Chartered Accountants

28 Eaton Avenue

Matrix Office Park

Buckshaw Village

Chorley

Lancashire

PR7 7NA

FIXED ASSETS

Tangible assets

3

247,031

-

CURRENT ASSETS

Debtors

4

40,622

-

Cash at bank and in hand

71,359

100

111,981

100

CREDITORS

Amounts falling due within one year

5

42,825

-

NET CURRENT ASSETS

69,156

100

TOTAL ASSETS LESS CURRENT LIABILITIES

316,187

100

CREDITORS

Amounts falling due after more than one year

6

(290,729

)

-

PROVISIONS FOR LIABILITIES

7

(4,818

)

-

NET ASSETS

20,640

100

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

20,540

-

SHAREHOLDERS' FUNDS

20,640

100

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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 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 13 July 2018 and were signed on its behalf by:

DS Jones - Director

1.	STATUTORY INFORMATION

Andawes Commercials 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.

The presentation currency of the financial statements is the Pound Sterling (£) and the amounts in the

financial statements have been rounded to the nearest £1.

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.

Motor vehicles

-

25% on reducing balance

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.

Financial instruments

Financial instruments are recognised when the company becomes party to the contractual provisions of the

instrument. Basic financial assets, which include debtors, prepayments, bank balances and group debts,

are initially measured at transaction price and are subsequently carried at cost unless the arrangement

indicates otherwise and then the asset is measured at the present value of the future receipts discounted at

a market rate of interest. Basic financial liabilities, which include creditors, accruals, loans and group

borrowings, are initially recognised at transaction price and are subsequently carried at cost unless the

arrangement indicates otherwise and then the liability is measured at the present value of the future

obligations discounted at a market rate of interest.

3.	TANGIBLE FIXED ASSETS

Motor

vehicles

£

COST

Additions

273,250

At 31 March 2018

273,250

DEPRECIATION

Charge for year

26,219

At 31 March 2018

26,219

NET BOOK VALUE

At 31 March 2018

247,031

Included within tangible fixed assets are assets held under hire purchase and finance lease agreements.

The net book value of these assets at the year end was £139, 109 and the depreciation charged on them in

the year was £3,641.

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

18,626

-

VAT

21,996

-

40,622

-

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Hire purchase contracts

42,825

-

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2018

2017

£

£

Hire purchase contracts

82,831

-

Other creditors

207,898

-

290,729

-

7.	PROVISIONS FOR LIABILITIES

2018

2017

£

£

Deferred tax

4,818

-

Deferred

tax

£

Charge to Income Statement during year

4,818

Balance at 31 March 2018

4,818

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

£

51

Ordinary A

£1

51

51

22

Ordinary B

£1

22

22

25

Ordinary C

£1

25

25

1

Ordinary D

£1

1

1

1

Ordinary E

£1

1

1

100

100

9.	RELATED PARTY DISCLOSURES

In the opinion of the directors the company is controlled by Mr DS Jones, a director of the company, and his

immediate family by virtue of their shareholdings.

During the year the company purchased goods for £48,250 (2017: £nil) and sold services for £52,438

(2017: £nil) to Jones Lighting Limited, a company in which Mr DS Jones is also a director. The amounts

paid were the normal market rates for such goods and services.