Al's Plaice Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09923220 (England and Wales)

Unaudited Financial Statements

for the Year Ended

31 December 2017

for

Al's Plaice Limited

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

Mrs J M McKeegan

A J McKeegan

REGISTERED OFFICE:

34 Denmark Street

Bedford

Bedfordshire

MK40 3TQ

REGISTERED NUMBER:

09923220 (England and Wales)

ACCOUNTANTS:

The Rowleys Partnership Ltd

Chartered Accountants

Charnwood House

Harcourt Way

Meridian Business Park

Leicester

Leicestershire

LE19 1WP

The following reproduces the text of the report prepared for the directors 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 Directors 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 Al's Plaice Limited for the year ended 31 December 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Al's Plaice Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Al's Plaice Limited and state those matters that we have agreed to state to the Board of Directors of Al's Plaice Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Al's Plaice Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Al's Plaice 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 loss of Al's Plaice Limited. You consider that Al's Plaice 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 Al's Plaice 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.

The Rowleys Partnership Ltd

Chartered Accountants

Charnwood House

Harcourt Way

Meridian Business Park

Leicester

Leicestershire

LE19 1WP

20 September 2018

FIXED ASSETS

Intangible assets

4

7,020

9,360

Tangible assets

5

36,447

44,494

43,467

53,854

CURRENT ASSETS

Stocks

6

3,500

1,376

Debtors

7

5,597

5,125

Cash at bank and in hand

4,123

9,902

13,220

16,403

CREDITORS

Amounts falling due within one year

8

20,544

15,421

NET CURRENT (LIABILITIES)/ASSETS

(7,324

)

982

TOTAL ASSETS LESS CURRENT LIABILITIES

36,143

54,836

CREDITORS

Amounts falling due after more than one year

9

59,744

70,364

NET LIABILITIES

(23,601

)

(15,528

)

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

(23,603

)

(15,530

)

SHAREHOLDERS' FUNDS

(23,601

)

(15,528

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2017 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 20 September 2018 and were signed on its behalf by:

A J McKeegan - Director

1.	STATUTORY INFORMATION

Al's Plaice 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of five years.

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

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

20% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

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 6 (2016 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2017

and 31 December 2017

11,700

AMORTISATION

At 1 January 2017

2,340

Amortisation for year

2,340

At 31 December 2017

4,680

NET BOOK VALUE

At 31 December 2017

7,020

At 31 December 2016

9,360

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 January 2017

54,827

790

55,617

Additions

1,064

-

1,064

At 31 December 2017

55,891

790

56,681

DEPRECIATION

At 1 January 2017

10,965

158

11,123

Charge for year

8,985

126

9,111

At 31 December 2017

19,950

284

20,234

NET BOOK VALUE

At 31 December 2017

35,941

506

36,447

At 31 December 2016

43,862

632

44,494

6.

STOCKS

31.12.17

31.12.16

£

£

Stocks

3,500

1,376

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.12.16

£

£

Other debtors

5,125

5,125

Directors' current accounts

472

-

5,597

5,125

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.12.16

£

£

Trade creditors

1,500

-

Social security and other taxes

207

132

VAT

5,331

-

Other creditors

11,586

10,836

Directors' loan accounts

-

3,303

Accruals and deferred income

1,920

1,150

20,544

15,421

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.17

31.12.16

£

£

Other creditors - 1-2 years

12,551

11,586

Other creditors - 2-5 years

34,758

34,758

Other creditors more than 5

years

12,435

24,020

59,744

70,364

Amounts falling due in more than five years:

Repayable by instalments

Other creditors more than 5

years

12,435

24,020

12,435

24,020

10.	GOING CONCERN

The accounts have been drawn up on a going concern basis as the directors will continue to support

the company as necessary.