Allgood Services Ltd. - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 04145239 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 MAY 2016 TO 31 MARCH 2017

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:

9 Commerce Road

Lynchwood

Peterborough

Cambridgeshire

PE2 6LR

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

744,763

762,444

Investments

6

53,705

53,705

798,468

816,149

CURRENT ASSETS

Stocks

7

453,878

466,579

Debtors

8

2,748,308

1,269,093

Cash at bank

546,767

465,965

3,748,953

2,201,637

CREDITORS

Amounts falling due within one year

9

936,227

632,965

NET CURRENT ASSETS

2,812,726

1,568,672

TOTAL ASSETS LESS CURRENT LIABILITIES

3,611,194

2,384,821

PROVISIONS FOR LIABILITIES

46,238

51,030

NET ASSETS

3,564,956

2,333,791

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

3,564,856

2,333,691

SHAREHOLDERS' FUNDS

3,564,956

2,333,791

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2017 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 15 November 2017 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.

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.

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 is calculated using the first-in, first-out method and includes all purchase, transport,

and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the period 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 period 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

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.

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 9 (2016 - 8 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 May 2016

and 31 March 2017

15,000

AMORTISATION

At 1 May 2016

and 31 March 2017

15,000

NET BOOK VALUE

At 31 March 2017

-

At 30 April 2016

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 May 2016

472,278

321,489

4,367

Additions

-

1,167

-

At 31 March 2017

472,278

322,656

4,367

DEPRECIATION

At 1 May 2016

-

85,399

904

Charge for period

-

13,375

794

At 31 March 2017

-

98,774

1,698

NET BOOK VALUE

At 31 March 2017

472,278

223,882

2,669

At 30 April 2016

472,278

236,090

3,463

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 May 2016

85,502

21,237

904,873

Additions

10,679

-

11,846

At 31 March 2017

96,181

21,237

916,719

DEPRECIATION

At 1 May 2016

43,802

12,324

142,429

Charge for period

13,316

2,042

29,527

At 31 March 2017

57,118

14,366

171,956

NET BOOK VALUE

At 31 March 2017

39,063

6,871

744,763

At 30 April 2016

41,700

8,913

762,444

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 May 2016

and 31 March 2017

53,705

NET BOOK VALUE

At 31 March 2017

53,705

At 30 April 2016

53,705

7.

STOCKS

2017

2016

£

£

Stocks

2,263

3,297

Work-in-progress

451,615

463,282

453,878

466,579

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

199,016

211,463

Amounts owed by group undertakings

2,287,820

971,907

Other debtors

102,847

30,176

Directors' loan accounts

100,759

-

VAT

25,923

55,343

Prepayments

31,943

204

2,748,308

1,269,093

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

180,165

166,614

Tax

328,384

374,164

Social security and other taxes

121,191

88,346

Other creditors

2,147

2,571

Directors' loan accounts

-

930

Accrued expenses

304,340

340

936,227

632,965

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

31 March 2017 and 30 April 2016:

2017

2016

£

£

P J Allgood and L J Allgood

Balance outstanding at start of period

(931

)

-

Amounts advanced

200,290

713,458

Amounts repaid

(98,600

)

(714,389

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of period

100,759

(931

)

This loan is unsecured.

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Littlebury Developments Limited.