All in One No. 2 Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04586554 (England and Wales)

Financial Statements for the Year Ended 30 November 2018

for

All in One No. 2 Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

Report of the Accountants

8

DIRECTORS:

Mr Mitesh Parekh

Mr Vinay Parekh

SECRETARY:

Mr Mitesh Parekh

REGISTERED OFFICE:

Bridge House

9-13 Holbrook Lane

Coventry

West Midlands

CV6 4AD

REGISTERED NUMBER:

04586554 (England and Wales)

ACCOUNTANTS:

Sterling Accounting Services Limited

Bridge House

9-13 Holbrook Lane

Coventry

CV6 4AD

FIXED ASSETS

Intangible assets

4

380,500

380,500

Property, plant and equipment

5

252,803

272,576

633,303

653,076

CURRENT ASSETS

Inventories

6

114,132

114,875

Debtors

7

9,280

9,467

Cash at bank and in hand

11,525

89,498

134,937

213,840

CREDITORS

Amounts falling due within one year

8

223,850

234,034

NET CURRENT LIABILITIES

(88,913

)

(20,194

)

TOTAL ASSETS LESS CURRENT LIABILITIES

544,390

632,882

CREDITORS

Amounts falling due after more than one year

9

450,772

564,276

NET ASSETS

93,618

68,606

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

11

93,518

68,506

SHAREHOLDERS' FUNDS

93,618

68,606

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

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

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 19 August 2019 and were signed on its behalf by:

Mr Mitesh Parekh - Director

1.	STATUTORY INFORMATION

All in One No. 2 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents net sales of goods and service excluding value added tax.

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.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

20% on reducing balance

Stocks

Inventories are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2017 - 21 ) .

4.	INTANGIBLE FIXED ASSETS

Patents

and

Goodwill

licences

Totals

£

£

£

COST

At 1 December 2017

and 30 November 2018

397,000

3,050

400,050

AMORTISATION

At 1 December 2017

and 30 November 2018

16,500

3,050

19,550

NET BOOK VALUE

At 30 November 2018

380,500

-

380,500

At 30 November 2017

380,500

-

380,500

5.	PROPERTY, PLANT AND EQUIPMENT

Improvements

Fixtures

Freehold

to

and

property

property

fittings

£

£

£

COST

At 1 December 2017

153,433

94,358

169,765

Additions

-

-

2,710

At 30 November 2018

153,433

94,358

172,475

DEPRECIATION

At 1 December 2017

-

37,744

112,812

Charge for year

-

9,436

11,932

At 30 November 2018

-

47,180

124,744

NET BOOK VALUE

At 30 November 2018

153,433

47,178

47,731

At 30 November 2017

153,433

56,614

56,953

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 December 2017

8,403

1,621

427,580

Additions

-

-

2,710

At 30 November 2018

8,403

1,621

430,290

DEPRECIATION

At 1 December 2017

3,025

1,423

155,004

Charge for year

1,075

40

22,483

At 30 November 2018

4,100

1,463

177,487

NET BOOK VALUE

At 30 November 2018

4,303

158

252,803

At 30 November 2017

5,378

198

272,576

6.	INVENTORIES

30.11.18

30.11.17

£

£

Stocks

114,132

114,875

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.18

30.11.17

£

£

Deposit

7,000

7,000

Prepayments

2,280

2,467

9,280

9,467

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.18

30.11.17

£

£

Bank loans and overdrafts

1,401

5,904

Trade creditors

189,936

178,120

Corporation Tax

17,242

31,782

Social security and other taxes

47

1,497

Value Added Tax

12,582

12,194

Accrued expenses

2,642

4,537

223,850

234,034

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.11.18

30.11.17

£

£

Director's current account

450,772

564,276

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.18

30.11.17

value:

£

£

100

Ordinary

£1

100

100

11.

RESERVES

Retained

earnings

£

At 1 December 2017

68,506

Profit for the year

55,012

Dividends

(30,000

)

At 30 November 2018

93,518

12.	RELATED PARTY DISCLOSURES

During thre year, Company has paid Rent of £20,000 (2017: £20,000) in respect of freehold premises

"All in One No 2 Ltd - Costcutter" at "24-26 Concord way, Dukinfield, SK16 4DB".

During thre year, Company has paid Rent of £20,000 (2017: £20,000) in respect of freehold premises

"All in One No 2 Ltd - Best One" at "190 Talbot Road, Hyde, SK14 4HJ".

The following reproduces the text of the report prepared for the directors 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 Statement of Financial Position. Readers are cautioned that the Income

Statement and certain other primary statements and the Report of the Directors are not required to

be filed with the Registrar of Companies.

As described on the Statement of Financial Position you are responsible for the preparation of the financial statements for the year ended 30 November 2018 set out on pages nil to nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Sterling Accounting Services Limited

Bridge House

9-13 Holbrook Lane

Coventry

CV6 4AD

Date: .............................................