Armstrong Kitchens Limited - Period Ending 2014-03-31

Registration number: 06468069

Armstrong Kitchens Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2014
 

McIntosh Accountants Limited
Chartered Accountants
20 Burns Street
Ilkeston
Derbyshire
DE7 8AA

Armstrong Kitchens Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Armstrong Kitchens Limited
for the Year Ended 31 March 2014

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Armstrong Kitchens Limited for the year ended 31 March 2014 set out on pages 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 at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Armstrong Kitchens Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Armstrong Kitchens Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Armstrong Kitchens Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Armstrong Kitchens Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Armstrong Kitchens Limited. You consider that Armstrong Kitchens 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 accounts of Armstrong Kitchens 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 accounts.

......................................

McIntosh Accountants Limited
Chartered Accountants
20 Burns Street
Ilkeston
Derbyshire
DE7 8AA

31 December 2014

Page 1

Armstrong Kitchens Limited
(Registration number: 06468069)
Abbreviated Balance Sheet at 31 March 2014

		Note			2014 £			2013 £
Fixed assets
Intangible fixed assets					7,834			9,834
Tangible fixed assets					(1)			(1)
					7,833			9,833
Current assets
Stocks					500			500
Debtors					2,656			2,272
Cash at bank and in hand					1,519			792
					4,675			3,564
Creditors: Amounts falling due within one year					(14,035)			(19,718)
Net current liabilities					(9,360)			(16,154)
Net liabilities					(1,527)			(6,321)
Capital and reserves
Called up share capital		3			2			2
Profit and loss account					(1,529)			(6,323)
Shareholders' deficit					(1,527)			(6,321)

For the year ending 31 March 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the director on 31 December 2014

.........................................
Mr Kieran Armstrong
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Armstrong Kitchens Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2014
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Goodwill

Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.

Amortisation

Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Amortisation method and rate
Goodwill	10% on cost

Depreciation

Assets are written off over their estimated useful lives.

Asset class	Depreciation method and rate
Motor vehicles	25% on cost
Fixtures and fittings	20% on cost

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 3

Armstrong Kitchens Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2014
......... continued

2	Fixed assets

		Intangible assets £			Tangible assets £			Total £
Cost
At 1 April 2013		20,000			13,652			33,652
At 31 March 2014		20,000			13,652			33,652
Depreciation
At 1 April 2013		10,166			13,653			23,819
Charge for the year		2,000			-			2,000
At 31 March 2014		12,166			13,653			25,819
Net book value
At 31 March 2014		7,834			(1)			7,833
At 31 March 2013		9,834			(1)			9,833

3	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
Ordinary of £1 each		2			2			2			2

Page 4