Abdo Home Improvements Limited - Accounts to registrar (filleted) - small 18.2

Abdo Home Improvements Limited - Accounts to registrar (filleted) - small 18.2

ABDO HOME IMPROVEMENTS LIMITED - Company Information

Print Friendly Version

IRIS Accounts Production v18.2.1.62 08459382 director 1.4.17 31.3.18 31.3.18 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure084593822017-03-31084593822018-03-31084593822017-04-012018-03-31084593822016-03-31084593822016-04-012017-03-31084593822017-03-3108459382ns15:EnglandWales2017-04-012018-03-3108459382ns14:PoundSterling2017-04-012018-03-3108459382ns10:Director12017-04-012018-03-3108459382ns10:PrivateLimitedCompanyLtd2017-04-012018-03-3108459382ns10:SmallEntities2017-04-012018-03-3108459382ns10:AuditExempt-NoAccountantsReport2017-04-012018-03-3108459382ns10:SmallCompaniesRegimeForDirectorsReport2017-04-012018-03-3108459382ns10:SmallCompaniesRegimeForAccounts2017-04-012018-03-3108459382ns10:FullAccounts2017-04-012018-03-310845938212017-04-012018-03-3108459382ns10:CompanySecretary12017-04-012018-03-3108459382ns10:RegisteredOffice2017-04-012018-03-3108459382ns5:CurrentFinancialInstruments2018-03-3108459382ns5:CurrentFinancialInstruments2017-03-3108459382ns5:Non-currentFinancialInstruments2018-03-3108459382ns5:Non-currentFinancialInstruments2017-03-3108459382ns5:ShareCapital2018-03-3108459382ns5:ShareCapital2017-03-3108459382ns5:RetainedEarningsAccumulatedLosses2018-03-3108459382ns5:RetainedEarningsAccumulatedLosses2017-03-3108459382ns5:NetGoodwill2017-04-012018-03-3108459382ns5:IntangibleAssetsOtherThanGoodwill2017-04-012018-03-3108459382ns5:PlantMachinery2017-04-012018-03-3108459382ns5:NetGoodwill2017-03-3108459382ns5:NetGoodwill2018-03-3108459382ns5:NetGoodwill2017-03-3108459382ns5:PlantMachinery2017-03-3108459382ns5:PlantMachinery2018-03-3108459382ns5:PlantMachinery2017-03-3108459382ns5:CurrentFinancialInstrumentsns5:WithinOneYear2018-03-3108459382ns5:CurrentFinancialInstrumentsns5:WithinOneYear2017-03-31


REGISTERED NUMBER: 08459382 (England and Wales)















Financial Statements for the Year Ended 31 March 2018

for

Abdo Home Improvements Limited
Abdo Home Improvements Limited (Registered number: 08459382)

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


Abdo Home Improvements Limited

Company Information
for the year ended 31 March 2018







DIRECTOR: Mr J Piper





SECRETARY: Mrs B Pitcher





REGISTERED OFFICE: 99 Canterbury Road
Whitstable
Kent
CT5 4HG





REGISTERED NUMBER: 08459382 (England and Wales)





ACCOUNTANTS: P H Accountancy Ltd
99 Canterbury Road
Whitstable
Kent
CT5 4HG
Page 1
Abdo Home Improvements Limited (Registered number: 08459382)

Balance Sheet
31 March 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 4,800 5,400
Tangible assets 5 17,117 14,879
21,917 20,279

CURRENT ASSETS
Stocks 85,000 -
Debtors 6 69,874 109,449
Cash at bank and in hand 158,336 126,967
313,210 236,416
CREDITORS
Amounts falling due within one year 7 72,552 87,537
NET CURRENT ASSETS 240,658 148,879
TOTAL ASSETS LESS CURRENT
LIABILITIES
262,575
169,158

CREDITORS
Amounts falling due after more than one
year
8
-
2,249
NET ASSETS 262,575 166,909

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 262,475 166,809
SHAREHOLDERS' FUNDS 262,575 166,909

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006.

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.

The notes form part of these financial statements

Page 2 continued...
Abdo Home Improvements Limited (Registered number: 08459382)

Balance Sheet - continued
31 March 2018


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 director on 5 October 2018 and were signed by:





Mr J Piper - Director


The notes form part of these financial statements

Page 3
Abdo Home Improvements Limited (Registered number: 08459382)

Notes to the Financial Statements
for the year ended 31 March 2018


1. STATUTORY INFORMATION

Abdo Home Improvements 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 2017, is being amortised evenly over its estimated useful life of ten 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.
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in
bringing stocks to their present location and condition.

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.

Page 4 continued...
Abdo Home Improvements Limited (Registered number: 08459382)

Notes to the Financial Statements - continued
for the year ended 31 March 2018


2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2017 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2017
and 31 March 2018 6,000
AMORTISATION
At 1 April 2017 600
Charge for year 600
At 31 March 2018 1,200
NET BOOK VALUE
At 31 March 2018 4,800
At 31 March 2017 5,400

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2017 29,465
Additions 6,674
At 31 March 2018 36,139
DEPRECIATION
At 1 April 2017 14,586
Charge for year 4,436
At 31 March 2018 19,022
NET BOOK VALUE
At 31 March 2018 17,117
At 31 March 2017 14,879

Page 5 continued...
Abdo Home Improvements Limited (Registered number: 08459382)

Notes to the Financial Statements - continued
for the year ended 31 March 2018


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors 40,485 85,921
Other debtors 29,389 23,528
69,874 109,449

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade creditors 40,957 47,045
Taxation and social security 30,840 39,734
Other creditors 755 758
72,552 87,537

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2018 2017
£    £   
Hire purchase contracts - 2,249

Page 6