A_GREENER_ALTERNATIVE_LIM - Accounts
A_GREENER_ALTERNATIVE_LIM - Accounts
Company Registration No. 07195139 (England and Wales)
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2016
CONTENTS
Page
Accountants' report
1
Abbreviated balance sheet
2 - 3
Notes to the abbreviated accounts
4 - 5
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF A GREENER ALTERNATIVE LIMITED FOR THE YEAR ENDED 31 MARCH 2016
- 1 -
The following reproduces the text of the Accountants' Report prepared in respect of the company's annual unaudited financial statements, from which the unaudited abbreviated financial statements set out on pages 2 to 5 have been prepared.
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of A Greener Alternative Limited for the year ended 31 March 2016 which comprise the Profit and Loss Account, the 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, we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/members/regulations-standards-and-guidance/.
This report is made solely to the Board of Directors of A Greener Alternative Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of A Greener Alternative Limited and state those matters that we have agreed to state to the Board of Directors of A Greener Alternative Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than A Greener Alternative Limited and its Board of Directors as a body, for our work or for this report.
It is your duty to ensure that A Greener Alternative 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 loss of A Greener Alternative Limited. You consider that A Greener Alternative 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 A Greener Alternative 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.
Carpenter Box
Chartered Accountants
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2016
- 2 -
2016
2015
Notes
£
£
£
£
Fixed assets
Intangible assets
2
Tangible assets
2
Current assets
Stocks
Debtors
Cash at bank and in hand
Creditors: amounts falling due within one year
3
(51,464 )
(119,131 )
Net current liabilities/(assets)
(11,675 )
Total assets less current liabilities
Creditors: amounts falling due after more than one year
4
(24,297 )
(38,616 )
Provisions for liabilities
(6,500 )
-
Capital and reserves
Called up share capital
5
Profit and loss account
Shareholders' funds
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2016
- 3 -
Directors' responsibilities:
-
-
Approved by the Board and authorised for issue on 13 December 2016
Director
Company Registration No. 07195139
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016
- 4 -
1
Accounting policies
1.1
Accounting convention
The company has net current liabilities. The company meets its day to day operating requirements out of cashflow, and utilises a loan facility. The company is dependent upon the support of its bank and the directors, who have indicated their willingness to support the business over the next 12 months. The accounts have therefore been prepared on a going concern basis. The accounts do not reflect any adjustments should this basis not be appropriate.
1.2
Turnover
1.3
Goodwill
1.4
Tangible fixed assets and depreciation
Land and buildings leasehold
Plant and machinery
Fixtures, fittings & equipment
Motor vehicles
1.5
Leasing and hire purchase commitments
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
1.6
Stock and work in progress
Stock and work in progress are valued at the lower of cost and net realisable value.
1.7
Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2016
- 5 -
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 April 2015
105,862
Additions
-
3,169
Disposals
-
(12,975 )
(12,975)
At 31 March 2016
96,056
Depreciation
At 1 April 2015
43,595
On disposals
-
(3,244 )
(3,244)
Charge for the period
12,892
At 31 March 2016
53,243
Net book value
At 31 March 2016
42,813
At 31 March 2015
62,267
3
Creditors: amounts falling due within one year
The aggregate amount of creditors for which security has been given amounted to £13,079 (2015 - £18,239).
4
Creditors: amounts falling due after more than one year
The aggregate amount of creditors for which security has been given amounted to £24,297 (2015 - £38,616).
5
Share capital
2016
2015
£
£
Allotted, called up and fully paid