A W Powis Limited - Accounts to registrar (filleted) - small 18.2
A W Powis Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| A W Powis Limited |
| Unaudited Financial Statements |
| for the Year Ended 31 December 2017 |
| A W Powis Limited (Registered number: 07085941) |
| Contents of the Financial Statements |
| for the Year Ended 31 December 2017 |
| Page |
| Company Information | 1 |
| Statement of Financial Position | 2 |
| Notes to the Financial Statements | 3 |
| A W Powis Limited |
| Company Information |
| for the Year Ended 31 December 2017 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Sterling House |
| 97 Lichfield Street |
| Tamworth |
| Staffordshire |
| B79 7QF |
| A W Powis Limited (Registered number: 07085941) |
| Statement of Financial Position |
| 31 December 2017 |
| 2017 | 2016 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS/(LIABILITIES) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 8 |
| Retained earnings | 9 |
| SHAREHOLDERS' FUNDS |
| The director acknowledges his 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 director on |
| A W Powis Limited (Registered number: 07085941) |
| Notes to the Financial Statements |
| for the Year Ended 31 December 2017 |
| 1. | STATUTORY INFORMATION |
| A W Powis Limited is a |
| registered number and registered office address can be found on the Company Information page. |
| 2. | STATEMENT OF COMPLIANCE |
| 3. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Significant judgements and estimates |
| In the application of the company's accounting policies, the directors are required to make judgement, |
| estimates and assumptions about carrying amounts of assets and liabilities that are not readily apparent from |
| other sources. The estimates and associated assumptions are based on historical experience and other factors |
| that are considered to be relevant. Actual results may differ from these estimates. |
| The estimates and underlying assumptions are reviewed on a ongoing basis. Revisions to accounting estimates |
| are recognised in the period in which the estimate is revised where the revision affects only that period, or in the |
| period of revision and future periods where the revision affects both current and future periods. |
| Turnover |
| Turnover represents amounts receivable for goods and services provided net of vat. |
| Tangible fixed assets |
| Fixtures and fittings | - |
| 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 statement of financial position date. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
| statement of financial position 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. |
| 4. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| A W Powis Limited (Registered number: 07085941) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 December 2017 |
| 5. | TANGIBLE FIXED ASSETS |
| Fixtures |
| and | Motor |
| fittings | vehicles | Totals |
| £ | £ | £ |
| COST |
| At 1 January 2017 |
| Additions |
| At 31 December 2017 |
| DEPRECIATION |
| At 1 January 2017 |
| Charge for year |
| At 31 December 2017 |
| NET BOOK VALUE |
| At 31 December 2017 |
| At 31 December 2016 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Trade debtors |
| Other debtors |
| CIS deducted | 24,490 | 44,986 |
| Prepayments |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Trade creditors |
| Tax |
| VAT | 8,158 | 1,646 |
| Other creditors |
| Directors' current accounts | 866 | - |
| Accrued expenses |
| 8. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2017 | 2016 |
| value: | £ | £ |
| Ordinary | £1.00 | 1 | 1 |
| A W Powis Limited (Registered number: 07085941) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 December 2017 |
| 9. | RESERVES |
| Retained |
| earnings |
| £ |
| At 1 January 2017 |
| Profit for the year |
| Dividends | ( |
) |
| At 31 December 2017 |
| 10. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
| During the year the director, Mr A Powis , made loans to the company totally £866. (2016 - nil). |
| At 31 December 2017 the total amount owing to the director was £866 (2016 - nil). |
| The loans made are interest free and repayable on demand. |