Alder Whittingham Limited - Accounts to registrar (filleted) - small 18.2
Alder Whittingham Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 31 March 2018 |
| for |
| ALDER WHITTINGHAM LIMITED |
| ALDER WHITTINGHAM LIMITED (REGISTERED NUMBER: 06579843) |
| Contents of the Financial Statements |
| FOR THE YEAR ENDED 31 MARCH 2018 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| ALDER WHITTINGHAM LIMITED |
| Company Information |
| FOR THE YEAR ENDED 31 MARCH 2018 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Bath House |
| 6-8 Bath Street |
| Bristol |
| BS1 6HL |
| ALDER WHITTINGHAM LIMITED (REGISTERED NUMBER: 06579843) |
| Balance Sheet |
| 31 MARCH 2018 |
| 2018 | 2017 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 4 |
| Tangible assets | 5 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
8 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 9 |
| Retained earnings |
| 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. |
| ALDER WHITTINGHAM LIMITED (REGISTERED NUMBER: 06579843) |
| Balance Sheet - continued |
| 31 MARCH 2018 |
| In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered. |
| The financial statements were approved by the Board of Directors on by: |
| ALDER WHITTINGHAM LIMITED (REGISTERED NUMBER: 06579843) |
| Notes to the Financial Statements |
| FOR THE YEAR ENDED 31 MARCH 2018 |
| 1. | STATUTORY INFORMATION |
| Alder Whittingham Limited is a |
| 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 |
| The financial statements are prepared in sterling, which is the functional currency of the company. Monetary |
| amounts in these financial statements are rounded to the nearest £. |
| The financial statements have been prepared on the historical cost convention. The principal accounting |
| policies adopted are set out below. |
| Going concern |
| At the time of approving the financial statements, the directors have a reasonable expectation that the company |
| has adequate resources to continue in operational existence for the foreseeable future. Thus the directors |
| continue to adopt the going concern basis of accounting in preparing the financial statements. |
| Turnover |
| Turnover represents the total invoice value, excluding value added tax, of sales made during the year 31 March |
| 2018 and derives from the provision of services falling within the company's ordinary activities. |
| 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 |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Computer equipment | - |
| Stocks |
| Work in progress is valued on the basis of direct costs plus attributable overheads based on normal levels of |
| activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the |
| valuation of work in progress. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, |
| 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. |
| ALDER WHITTINGHAM LIMITED (REGISTERED NUMBER: 06579843) |
| Notes to the Financial Statements - continued |
| FOR THE YEAR ENDED 31 MARCH 2018 |
| 2. | 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. |
| 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. |
| Cash and cash equivalents |
| Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid |
| investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown |
| within borrowings in current liabilities. |
| Financial Instruments |
| The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 |
| 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. Financial instruments are |
| recognised when the company becomes party to the contractual provisions of the instrument. Financial assets |
| and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally |
| enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise |
| the asset and settle the liability simultaneously. |
| Basic financial assets, which include trade and other debtors, amounts due from group undertakings and cash |
| and bank balances, are initially measured at transaction price including transaction costs and are subsequently |
| carried at amortised cost. Financial assets are derecognised only when the contractual rights to the cash flows |
| from the asset expire or are settled, or when the company transfers the financial asset and substantially all the |
| risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are |
| retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an |
| unrelated third party. |
| Basic financial liabilities, including trade and other creditors and amounts due to group undertakings are |
| initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the |
| debt instrument is measured at the present value of the future payments discounted at a market rate of interest. |
| Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Financial |
| liabilities are derecognised when, and only when, the company's contractual obligations are discharged, |
| cancelled, or they expire. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| ALDER WHITTINGHAM LIMITED (REGISTERED NUMBER: 06579843) |
| Notes to the Financial Statements - continued |
| FOR THE YEAR ENDED 31 MARCH 2018 |
| 4. | INTANGIBLE FIXED ASSETS |
| Goodwill |
| £ |
| COST |
| At 1 April 2017 |
| and 31 March 2018 |
| AMORTISATION |
| At 1 April 2017 |
| and 31 March 2018 |
| NET BOOK VALUE |
| At 31 March 2018 |
| At 31 March 2017 |
| 5. | TANGIBLE FIXED ASSETS |
| Fixtures |
| and | Motor | Computer |
| fittings | vehicles | equipment | Totals |
| £ | £ | £ | £ |
| COST |
| At 1 April 2017 |
| Additions |
| At 31 March 2018 |
| DEPRECIATION |
| At 1 April 2017 |
| Charge for year |
| At 31 March 2018 |
| NET BOOK VALUE |
| At 31 March 2018 |
| At 31 March 2017 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2018 | 2017 |
| £ | £ |
| Trade debtors |
| Prepayments and accrued income |
| ALDER WHITTINGHAM LIMITED (REGISTERED NUMBER: 06579843) |
| Notes to the Financial Statements - continued |
| FOR THE YEAR ENDED 31 MARCH 2018 |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2018 | 2017 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Tax |
| Social security and other taxes |
| VAT | 4,146 | 15,339 |
| Other creditors |
| Directors' current accounts | 18,264 | 22,724 |
| Accruals and deferred income |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2018 | 2017 |
| £ | £ |
| Bank loans |
| 9. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2018 | 2017 |
| value: | £ | £ |
| A Ordinary | £1 | 500 | 500 |
| B Ordinary | £1 | 500 | 500 |
| 1,000 | 1,000 |
| 10. | OTHER FINANCIAL COMMITMENTS |
| The total future minimum lease payments under non-cancellable operating leases are £1,807 (2017: £2,710). |