ACW Brickwork Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04605249 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018

FOR

ACW BRICKWORK LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Chartered Accountants' Report

6

DIRECTOR:

A C Wells

SECRETARY:

J Sparkes

REGISTERED OFFICE:

20 Havelock Road

Hastings

East Sussex

TN34 1BP

REGISTERED NUMBER:

04605249 (England and Wales)

ACCOUNTANTS:

Ashdown Hurrey

Chartered Accountants & Business Advisers

20 Havelock Road

Hastings

East Sussex

TN34 1BP

FIXED ASSETS

Tangible assets

4

7,234

9,646

CURRENT ASSETS

Debtors

5

14,163

12,594

Cash at bank

3,399

5,421

17,562

18,015

CREDITORS

Amounts falling due within one year

6

17,657

20,458

NET CURRENT LIABILITIES

(95

)

(2,443

)

TOTAL ASSETS LESS CURRENT LIABILITIES

7,139

7,203

CREDITORS

Amounts falling due after more than one year

7

(6,545

)

(9,103

)

PROVISIONS FOR LIABILITIES

(2,412

)

(1,929

)

NET LIABILITIES

(1,818

)

(3,829

)

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

(1,820

)

(3,831

)

SHAREHOLDERS' FUNDS

(1,818

)

(3,829

)

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 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 12 December 2018 and were signed by:

A C Wells - Director

1.	STATUTORY INFORMATION

ACW Brickwork 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.

The directors have made an assessment about the company's ability to continue as a going concern and they do

not consider there to be any material uncertainties. As a result they have adopted the going concern basis of

accounting.

Turnover

Turnover represents invoiced work completed.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

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 1 (2017 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 1 April 2017

and 31 March 2018

17,394

1,058

18,452

DEPRECIATION

At 1 April 2017

7,757

1,049

8,806

Charge for year

2,409

3

2,412

At 31 March 2018

10,166

1,052

11,218

NET BOOK VALUE

At 31 March 2018

7,228

6

7,234

At 31 March 2017

9,637

9

9,646

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

£

COST

At 1 April 2017

and 31 March 2018

16,794

DEPRECIATION

At 1 April 2017

and 31 March 2018

4,066

NET BOOK VALUE

At 31 March 2018

12,728

At 31 March 2017

12,728

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Trade debtors

-

682

Amounts recoverable on contract

5,000

-

Other debtors

9,163

11,912

14,163

12,594

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Hire purchase contracts

2,559

2,249

Trade creditors

210

910

Tax

5,975

7,853

Social security and other taxes

5

7

Directors' loan accounts

7,510

8,058

Accrued expenses

1,398

1,381

17,657

20,458

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.18

31.3.17

£

£

Hire purchase contracts

1,545

4,103

Directors loan

5,000

5,000

6,545

9,103

8.	RELATED PARTY DISCLOSURES

9.	GOING CONCERN

Although liabilities exceed assets, the accounts have been prepared on a going concern basis as the company

continues to have the support of the director and this is considered the method that give the most accurate

reflection of the business.

The director is aware of their requirement to repay dividends taken in excess of distributable profits should the

company be be unable to settle liabilities.

The following reproduces the text of the report prepared for the director 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 Director 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 ACW Brickwork Limited for the year ended 31 March 2018 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 director of ACW Brickwork Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of ACW Brickwork Limited and state those matters that we have agreed to state to the director of ACW Brickwork Limited 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 ACW Brickwork Limited and its director for our work or for this report.

It is your duty to ensure that ACW Brickwork 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 profit of ACW Brickwork Limited. You consider that ACW Brickwork 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 ACW Brickwork 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.

Ashdown Hurrey

Chartered Accountants & Business Advisers

20 Havelock Road

Hastings

East Sussex

TN34 1BP

12 December 2018