Allcool (N.W.) Limited - Accounts to registrar (filleted) - small 18.2

ALLCOOL (N.W.) LIMITED - Company Information

IRIS Accounts Production v18.3.1.72 07419927 Board of Directors Board of Directors 1.1.18 31.12.18 31.12.18 true false true false false false true false 149902 19973 78333 19973 228235 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure074199272017-12-31074199272018-12-31074199272018-01-012018-12-31074199272016-12-31074199272017-01-012017-12-31074199272017-12-3107419927ns15:EnglandWales2018-01-012018-12-3107419927ns14:PoundSterling2018-01-012018-12-3107419927ns10:Director12018-01-012018-12-3107419927ns10:Director22018-01-012018-12-3107419927ns10:PrivateLimitedCompanyLtd2018-01-012018-12-3107419927ns10:SmallEntities2018-01-012018-12-3107419927ns10:AuditExempt-NoAccountantsReport2018-01-012018-12-3107419927ns10:SmallCompaniesRegimeForDirectorsReport2018-01-012018-12-3107419927ns10:SmallCompaniesRegimeForAccounts2018-01-012018-12-3107419927ns10:AbridgedAccounts2018-01-012018-12-310741992712018-01-012018-12-3107419927ns10:Director2422016-12-3107419927ns10:Director2422018-01-012018-12-3107419927ns10:Director2422017-01-012017-12-3107419927ns10:RegisteredOffice2018-01-012018-12-3107419927ns5:CurrentFinancialInstruments2018-12-3107419927ns5:CurrentFinancialInstruments2017-12-3107419927ns5:Non-currentFinancialInstruments2018-12-3107419927ns5:Non-currentFinancialInstruments2017-12-3107419927ns5:ShareCapital2018-12-3107419927ns5:ShareCapital2017-12-3107419927ns5:SharePremium2018-12-3107419927ns5:SharePremium2017-12-3107419927ns5:RetainedEarningsAccumulatedLosses2018-12-3107419927ns5:RetainedEarningsAccumulatedLosses2017-12-3107419927ns5:NetGoodwill2018-01-012018-12-3107419927ns5:IntangibleAssetsOtherThanGoodwill2018-01-012018-12-3107419927ns5:PlantMachinery2018-01-012018-12-3107419927ns5:FurnitureFittings2018-01-012018-12-3107419927ns5:MotorVehicles2018-01-012018-12-3107419927ns5:ComputerEquipment2018-01-012018-12-3107419927ns5:CurrentFinancialInstrumentsns5:HirePurchaseContractsns5:WithinOneYear2018-12-3107419927ns5:CurrentFinancialInstrumentsns5:HirePurchaseContractsns5:WithinOneYear2017-12-3107419927ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2018-12-3107419927ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2017-12-3107419927ns5:HirePurchaseContracts2018-12-3107419927ns5:HirePurchaseContracts2017-12-3107419927ns5:WithinOneYear2018-12-3107419927ns5:WithinOneYear2017-12-3107419927ns5:BetweenOneFiveYears2018-12-3107419927ns5:BetweenOneFiveYears2017-12-3107419927ns5:AllPeriods2018-12-3107419927ns5:AllPeriods2017-12-3107419927ns10:Director112017-12-3107419927ns10:Director112016-12-3107419927ns10:Director112018-01-012018-12-3107419927ns10:Director112017-01-012017-12-3107419927ns10:Director112018-12-3107419927ns10:Director112017-12-31

REGISTERED NUMBER: 07419927 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2018

FOR

ALLCOOL (N.W.) LIMITED

Page

Company Information

Abridged Balance Sheet

Notes to the Financial Statements

DIRECTORS:

Mr P J Talarczyk

Mrs J D Talarczyk

REGISTERED OFFICE:

17 St. Peters Place

Fleetwood

Lancashire

FY7 6EB

REGISTERED NUMBER:

07419927 (England and Wales)

ACCOUNTANTS:

Jones Harris Limited

Chartered Accountants

17 St Peters Place

Fleetwood

Lancashire

FY7 6EB

FIXED ASSETS

Intangible assets

165,000

178,750

Tangible assets

99,772

111,036

264,772

289,786

CURRENT ASSETS

Stocks

53,215

35,707

Debtors

471,520

486,030

Cash at bank and in hand

271,266

195,931

796,001

717,668

CREDITORS

Amounts falling due within one year

450,101

396,223

NET CURRENT ASSETS

345,900

321,445

TOTAL ASSETS LESS CURRENT
LIABILITIES

610,672

611,231

CREDITORS

Amounts falling due after more than one
year

(47,658

)

(55,944

)

PROVISIONS FOR LIABILITIES

(18,716

)

(21,099

)

NET ASSETS

544,298

534,188

CAPITAL AND RESERVES

Called up share capital

100

Share premium

275,000

Retained earnings

269,198

259,088

SHAREHOLDERS' FUNDS

544,298

534,188

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

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

The directors acknowledge their 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 Balance Sheet for the year ended 31 December 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 Board of Directors on 13 February 2019 and were signed on its behalf
by:

Mr P J Talarczyk - Director

Mrs J D Talarczyk - Director

1.	STATUTORY INFORMATION

Allcool (N.W.) 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 represents the value of services provided under contracts to the extent that there is a right to

consideration and is recorded at the value of the consideration due. Where a contract has only been partially

completed at the balance sheet date turnover represents the value of the service provided to date based on a

proportion of the total expected consideration at completion. Where payments are received from customers in

advance of services provided, the amounts are recorded as deferred income and included as part of creditors due

within one year.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of twenty 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

10% on cost

Fixtures and fittings

Over the remaining period of the lease

Motor vehicles

25% on reducing balance

Computer equipment

20% 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 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element

of the future payments is treated as a liability.

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 23 (2017 - 23 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

COST

At 1 January 2018

and 31 December 2018

275,000

AMORTISATION

At 1 January 2018

96,250

Amortisation for year

13,750

At 31 December 2018

110,000

NET BOOK VALUE

At 31 December 2018

165,000

At 31 December 2017

178,750

5.	TANGIBLE FIXED ASSETS

Totals

COST

At 1 January 2018

248,442

Additions

31,009

At 31 December 2018

279,451

DEPRECIATION

At 1 January 2018

137,406

Charge for year

42,273

At 31 December 2018

179,679

NET BOOK VALUE

At 31 December 2018

99,772

At 31 December 2017

111,036

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

Totals

COST

At 1 January 2018

133,560

Additions

29,500

At 31 December 2018

163,060

DEPRECIATION

At 1 January 2018

57,373

Charge for year

26,422

At 31 December 2018

83,795

NET BOOK VALUE

At 31 December 2018

79,265

At 31 December 2017

76,187

6.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts

2018

2017

Net obligations repayable:

Within one year

30,574

26,865

Between one and five years

47,658

55,944

78,232

82,809

Non-cancellable operating

leases

2018

2017

Within one year

2,126

2,281

Between one and five years

2,091

2,126

4,372

7.	SECURED DEBTS

The following secured debts are included within creditors:

2018

2017

Hire purchase contracts

78,232

82,809

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2018 and

31 December 2017:

2018

2017

Mr P J Talarczyk and Mrs J D Talarczyk

Balance outstanding at start of year

149,902

Amounts advanced

19,973

78,333

Amounts repaid

(19,973

)

(228,235

)

Amounts written off

Amounts waived

Balance outstanding at end of year

The loan to the director was unsecured and repayable on demand. Interest is payable at the HMRC rate

applicable to beneficial loan arrangements.

9.	RELATED PARTY DISCLOSURES

During the year, total dividends of £160,000 (2017 - £158,000) were paid to the directors .