Absolute Fencing & Decking Ltd 31/12/2017 iXBRL
Absolute Fencing & Decking Ltd 31/12/2017 iXBRL
Company registration number:
09671177
Unaudited filleted financial statements
ABSOLUTE FENCING & DECKING LTD
Contents
Statement of financial position
Notes to the financial statements
ABSOLUTE FENCING & DECKING LTD
STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2017
31/12/17 | 31/12/16 | ||||||||
Note | £ | £ | £ | £ | |||||
Fixed assets | |||||||||
Tangible assets | 5 |
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_______ | _______ | ||||||||
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Current assets | |||||||||
Stocks |
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Debtors | 6 |
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_______ | _______ | ||||||||
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Creditors: amounts falling due | |||||||||
within one year | 7 |
(
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(
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_______ | _______ | ||||||||
Net current assets |
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_______ | _______ | ||||||||
Total assets less current liabilities |
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Provisions for liabilities |
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- | |||||||
_______ | _______ | ||||||||
Net assets |
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_______ | _______ | ||||||||
Capital and reserves | |||||||||
Called up share capital |
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Profit and loss account | 8 |
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_______ | _______ | ||||||||
Shareholders funds |
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_______ | _______ | ||||||||
Director's responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
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The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
13 July 2018
, and are signed on behalf of the board by:
Director
Company registration number:
09671177
ABSOLUTE FENCING & DECKING LTD
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2017
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Plym House, 3 Longbridge Road, Plymouth, Devon, PL6 8LT.
The principal activity of the company is that of the construction and installation of fencing and decking.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Judgements and key sources of estimation uncertainty
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fittings fixtures and equipment | - |
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Motor vehicles | - |
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Impairment
Stocks
Provisions
Financial instruments
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
3
(2016:
1
).
5.
Tangible assets
Fixtures, fittings and equipment | Motor vehicles | Total | ||
£ | £ | £ | ||
Cost | ||||
At 1 January 2017 |
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Additions | - | 4,100 | 4,100 | |
_______ | _______ | _______ | ||
At 31 December 2017 |
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_______ | _______ | _______ | ||
Depreciation | ||||
At 1 January 2017 |
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Charge for the year |
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_______ | _______ | _______ | ||
At 31 December 2017 |
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_______ | _______ | _______ | ||
Carrying amount | ||||
At 31 December 2017 |
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_______ | _______ | _______ | ||
At 31 December 2016 |
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_______ | _______ | _______ | ||
6.
Debtors
31/12/17 | 31/12/16 | |||
£ | £ | |||
Trade debtors |
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- | ||
Other debtors |
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_______ | _______ | |||
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_______ | _______ | |||
7.
Creditors: amounts falling due within one year
31/12/17 | 31/12/16 | |||
£ | £ | |||
Bank loans and overdrafts |
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Social security and other taxes |
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Other creditors |
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_______ | _______ | |||
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_______ | _______ | |||
The bank overdraft loans are secured.
8.
Reserves
9.
Directors advances, credits and guarantees
During the year the director entered into the following advances and credits with the company: | |||||
Loans to / (from) director at 1 January 2017 | Loans to / (from) the director | Amounts repaid | Balance at 31 December 2017 | ||
£ | £ | £ | £ | ||
Director |
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(
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_______ | _______ | _______ | _______ | ||
Loans to / (from) director at 1 January 2016 | Loans to / (from) the director | Amounts repaid | Balance at 31 December 2016 | ||
£ | £ | £ | £ | ||
Director | - |
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- |
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_______ | _______ | _______ | _______ | ||
The loan is interest free and repayable on demand.