Alders Classics Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 05514314

Abbreviated Unaudited Accounts for the Year Ended 31 July 2016

for

Alders Classics Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Report of the Accountants

6

DIRECTORS:

D F Wells

M A Ellener

SECRETARY:

D F Wells

REGISTERED OFFICE:

c/o Orchard House Accountancy Limited

2, Acorn Court,

Bridge Industrial Estate

Wymondham

Norfolk

NR18 9AL

REGISTERED NUMBER:

05514314

ACCOUNTANTS:

Orchard House Accountancy Limited

2 Acorn Court

Bridge Industrial Estate

Wymondham

Norfolk

NR18 9AL

FIXED ASSETS

Tangible assets

2

16,188

21,585

CURRENT ASSETS

Stocks

-

10,965

Cash at bank

150

615

150

11,580

CREDITORS

Amounts falling due within one year

10,140

23,032

NET CURRENT LIABILITIES

(9,990

)

(11,452

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

6,198

10,133

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

6,098

10,033

SHAREHOLDERS' FUNDS

6,198

10,133

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 18 April 2017 and were
signed on its behalf by:

D F Wells - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in

accordance with the Financial Reporting Standard for Smaller Entities (effective January

2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax, except in

respect of service contracts where turnover is recognised when the company obtains the

right to consideration.

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 25% Reducing balance

Motor vehicles 25% Reducing balance

Plant & Machinery 25% Reducing balance

Stocks

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

for obsolete and slow moving items.

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 the profit and loss account on a straight

line basis over the period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2015

and 31 July 2016

34,034

DEPRECIATION

At 1 August 2015

12,449

Charge for year

5,397

At 31 July 2016

17,846

NET BOOK VALUE

At 31 July 2016

16,188

At 31 July 2015

21,585

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.16

31.7.15

value:

£

100

Ordinary

£1

100

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At 31st July 2016 the directors were owed £6,454 (2015 £19,005) by the company.

The loan is interest free, and repayable on demand.

The following reproduces the text of the report prepared for the directors in respect of the

company's annual unaudited financial statements, from which the unaudited abbreviated

accounts (set out on pages two to five) have been prepared.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 July 2016 set out on pages four to eight 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.

Orchard House Accountancy Limited

2 Acorn Court

Bridge Industrial Estate

Wymondham

Norfolk

NR18 9AL

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