Allgood Services Ltd. - Accounts to registrar - small 16.1.1

REGISTERED NUMBER: 04145239 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 APRIL 2015 TO 30 APRIL 2016

FOR

ALLGOOD SERVICES LTD.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P J Allgood

L J Allgood

SECRETARY:

D Hammond

REGISTERED OFFICE:

Littlebury Farm

Moats Way

Hemingford Abbots

Cambridgeshire

PE28 9HH

REGISTERED NUMBER:

04145239 (England and Wales)

ACCOUNTANTS:

GreenStones Limited

9 Commerce Road

Lynchwood

Peterborough

Cambridgeshire

PE2 6LR

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

762,444

1,591,955

Investments

6

53,705

53,705

816,149

1,645,660

CURRENT ASSETS

Stocks

7

466,579

354,060

Debtors: amounts falling due within one year

8

1,269,093

753,670

Cash at bank

465,965

615,033

2,201,637

1,722,763

CREDITORS

Amounts falling due within one year

9

632,965

1,632,295

NET CURRENT ASSETS

1,568,672

90,468

TOTAL ASSETS LESS CURRENT LIABILITIES

2,384,821

1,736,128

CREDITORS

Amounts falling due after more than one year

10

-

(137,277

)

PROVISIONS FOR LIABILITIES

(51,030

)

(58,921

)

NET ASSETS

2,333,791

1,539,930

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

2,333,691

1,539,830

SHAREHOLDERS' FUNDS

2,333,791

1,539,930

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 April 2016.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 April 2016 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 31 December 2016 and were signed on its behalf by:

P J Allgood - Director

1.	STATUTORY INFORMATION

Allgood Services Ltd. 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

-

25% on reducing balance and 5% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value,

after making due allowance for obsolete and slow moving items.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable

overheads.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but

not reversed at the balance sheet date.

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.

Employee benefit trust

Trusts have been established for the benefit of employees and certain of their

dependants. Monies held in these trusts are held by independent trustees and managed

at their discretion.

Where the company retains future economic benefit from, and has de facto control of the

assets and liabilities of the trust, they are accounted for as assets and liabilities of the

company until the earlier of the date that an allocation of trust funds to employees in

respect of past services is declared and the date that assets of the trust vest in identified

individuals.

Where monies held in a trust are determined by the company on the basis of employees'

past services to the business and the company can obtain no future economic benefit

from those monies, such monies, whether in the trust or accrued for by the company are

charged to the profit and loss account in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 8 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2015

and 30 April 2016

15,000

AMORTISATION

At 1 April 2015

and 30 April 2016

15,000

NET BOOK VALUE

At 30 April 2016

-

At 31 March 2015

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 April 2015

1,270,210

321,489

-

Additions

-

-

4,367

Disposals

(797,932

)

-

-

At 30 April 2016

472,278

321,489

4,367

DEPRECIATION

At 1 April 2015

-

69,258

-

Charge for period

-

16,141

904

Eliminated on disposal

-

-

-

At 30 April 2016

-

85,399

904

NET BOOK VALUE

At 30 April 2016

472,278

236,090

3,463

At 31 March 2015

1,270,210

252,231

-

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 April 2015

96,337

18,073

1,706,109

Additions

6,300

3,164

13,831

Disposals

(17,135

)

-

(815,067

)

At 30 April 2016

85,502

21,237

904,873

DEPRECIATION

At 1 April 2015

34,990

9,906

114,154

Charge for period

17,923

2,418

37,386

Eliminated on disposal

(9,111

)

-

(9,111

)

At 30 April 2016

43,802

12,324

142,429

NET BOOK VALUE

At 30 April 2016

41,700

8,913

762,444

At 31 March 2015

61,347

8,167

1,591,955

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 April 2015

and 30 April 2016

53,705

NET BOOK VALUE

At 30 April 2016

53,705

At 31 March 2015

53,705

7.

STOCKS

2016

2015

£

£

Stocks

3,297

5,239

Work-in-progress

463,282

348,821

466,579

354,060

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Trade debtors

211,463

180,441

Amounts owed by group undertakings

971,907

278,644

Other debtors

30,176

248,089

VAT

55,343

46,292

Prepayments

204

204

1,269,093

753,670

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Bank loans and overdrafts

-

32,569

Trade creditors

166,614

75,971

Amounts owed to group undertakings

-

1,100,614

Tax

374,164

103,801

Social security and other taxes

88,346

112,566

Other creditors

2,571

371

Directors' loan accounts

930

-

Accrued expenses

340

206,403

632,965

1,632,295

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2016

2015

£

£

Bank loans - 2-5 years

-

137,277

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended

30 April 2016 and the year ended 31 March 2015:

2016

2015

£

£

P J Allgood and L J Allgood

Balance outstanding at start of period

-

-

Amounts advanced

713,458

486,272

Amounts repaid

(714,389

)

(486,272

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of period

(931

)

-

This loan is unsecured.

12.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Littlebury Developments Limited.