Asset Lettings Limited - Accounts to registrar (filleted) - small 18.2
Asset Lettings Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 31 October 2017 |
| for |
| ASSET LETTINGS LIMITED |
| ASSET LETTINGS LIMITED (REGISTERED NUMBER: 06719632) |
| Contents of the Financial Statements |
| for the Year Ended 31 October 2017 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| ASSET LETTINGS LIMITED |
| Company Information |
| for the Year Ended 31 October 2017 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Suite 15 |
| The Enterprise Centre |
| Coxbridge Business Park |
| Farnham |
| Surrey |
| GU10 5EH |
| ASSET LETTINGS LIMITED (REGISTERED NUMBER: 06719632) |
| Balance Sheet |
| 31 October 2017 |
| 31.10.17 | 31.10.16 |
| Notes | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 6 | ( |
) | ( |
) |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 7 |
| Retained earnings | 8 | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the Board of Directors on |
| ASSET LETTINGS LIMITED (REGISTERED NUMBER: 06719632) |
| Notes to the Financial Statements |
| for the Year Ended 31 October 2017 |
| 1. | STATUTORY INFORMATION |
| Asset Lettings Limited is a |
| registered number and registered office address can be found on the Company Information page. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| 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 calculated so as to write off the cost of an asset, less its estimated residual value, over the useful |
| economic life of that asset as follows: |
| Equipment - 25% reducing balance |
| Plant and Machinery - 25% reducing balance |
| 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. |
| Going concern |
| The director has confirmed that he will continue to give financial support to the company until such time as its |
| position improves. In addition the director has confirmed that he will not recall his loans within 12 months. The |
| director consider that it is appropriate to prepare the financial statements on a going concern basis. The financial |
| statements do not include any adjustments that would result if the financial support were withdrawn. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| ASSET LETTINGS LIMITED (REGISTERED NUMBER: 06719632) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 October 2017 |
| 4. | TANGIBLE FIXED ASSETS |
| Long | Plant and | Computer |
| leasehold | machinery | equipment | Totals |
| £ | £ | £ | £ |
| COST |
| At 1 November 2016 |
| Additions |
| At 31 October 2017 |
| DEPRECIATION |
| At 1 November 2016 |
| Charge for year |
| At 31 October 2017 |
| NET BOOK VALUE |
| At 31 October 2017 |
| At 31 October 2016 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.10.17 | 31.10.16 |
| £ | £ |
| Trade debtors |
| Commission Control Account | 7,568 | 2,709 |
| Prepayments and accrued income |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.10.17 | 31.10.16 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Tax deducted | 259 | 1,697 |
| PAYE/NI liability |
| Other creditors |
| Directors' current accounts | 36,871 | 27,531 |
| Directors' loan accounts | 16,075 | 16,075 |
| Accruals and deferred income |
| ASSET LETTINGS LIMITED (REGISTERED NUMBER: 06719632) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 October 2017 |
| 7. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31.10.17 | 31.10.16 |
| value: | £ | £ |
| Ordinary Share Capital | 1 | 44,000 | 44,000 |
| 8. | RESERVES |
| Retained |
| earnings |
| £ |
| At 1 November 2016 | ( |
) |
| Deficit for the year | ( |
) |
| At 31 October 2017 | ( |
) |
| 9. | RELATED PARTY DISCLOSURES |
| During the year, following transactions has been carried out with the company Soulmine limited having common |
| directors. |
| 1. Rent income- £1,800 |
| 2. Water Rates - £78.03 |
| 3. Utilities - £559.52 |
| 4. Stationery- £229.12 |
| 5. Telephone- £2300.77 |
| 10. | ULTIMATE CONTROLLING PARTY |
| The Company is under the control of Mr. Derek Mead who owns 100% of the issued capital of the company. Mr. |
| Derek Mead is also the director of the company. |