All-Ways Stainless Services Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06269192 (England and Wales)

ALL-WAYS STAINLESS SERVICES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 FEBRUARY 2017 TO 30 JANUARY 2018

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr D G Griffiths

SECRETARY:

Mrs P T Griffiths

REGISTERED OFFICE:

20 Neyland Heights

Neyland

Milford Haven

Pembrokeshire

SA73 1RQ

REGISTERED NUMBER:

06269192 (England and Wales)

ACCOUNTANTS:

Llewelyn Davies

Chartered Accountants

Yelverton House

St John Street

Whitland

Carmarthenshire

SA34 0AW

FIXED ASSETS

Tangible assets

4

2,572

3,431

CURRENT ASSETS

Stocks

4,943

3,500

Debtors

33,028

37,602

Cash at bank

19,590

23,436

57,561

64,538

CREDITORS

Amounts falling due within one year

35,532

39,425

NET CURRENT ASSETS

22,029

25,113

TOTAL ASSETS LESS CURRENT LIABILITIES

24,601

28,544

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

24,600

28,543

24,601

28,544

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 January 2018.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 January 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the period ended 30 January 2018 in accordance with Section 444(2A) of the Companies Act 2006.

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 22 January 2019 and were signed by:

Mr D G Griffiths - Director

1.	STATUTORY INFORMATION

All-Ways Stainless Services 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.

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 25% on cost

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 period 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 period 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.

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 period was 3 (2017 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 February 2017

and 30 January 2018

14,088

DEPRECIATION

At 1 February 2017

10,657

Charge for period

859

At 30 January 2018

11,516

NET BOOK VALUE

At 30 January 2018

2,572

At 31 January 2017

3,431

5.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended

30 January 2018 and the year ended 31 January 2017:

2018

2017

£

£

Mr D G Griffiths

Balance outstanding at start of period

11,524

5,692

Amounts advanced

2,560

5,832

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of period

14,084

11,524

The overdrawn balance was cleared by way of dividend on 30 April 2018.

6.	ULTIMATE CONTROLLING PARTY

The company is controlled by the director.