| A & I Holmes & Co Limited |
| Registered number: |
00841813 |
| Balance Sheet |
| as at 30 April 2017 |
|
| Notes |
|
|
2017 |
|
|
2016 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
2 |
|
|
578 |
|
|
576 |
|
| Current assets |
| Stocks |
|
|
35,032 |
|
|
27,063 |
| Debtors |
3 |
|
34,689 |
|
|
38,730 |
| Cash at bank and in hand |
|
|
8,406 |
|
|
23,523 |
|
|
|
78,127 |
|
|
89,316 |
|
| Creditors: amounts falling due within one year |
4 |
|
(32,176) |
|
|
(37,371) |
|
| Net current assets |
|
|
|
45,951 |
|
|
51,945 |
|
| Total assets less current liabilities |
|
|
|
46,529 |
|
|
52,521 |
|
|
| Provisions for liabilities |
|
|
|
(230) |
|
|
(115) |
|
|
| Net assets |
|
|
|
46,299 |
|
|
52,406 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
5,100 |
|
|
5,100 |
| Profit and loss account |
|
|
|
41,199 |
|
|
47,306 |
|
| Shareholders' funds |
|
|
|
46,299 |
|
|
52,406 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| H C Grundy |
| Director |
| Approved by the board on 8 December 2017 |
|
| A & I Holmes & Co Limited |
| Notes to the Accounts |
| for the year ended 30 April 2017 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Plant and machinery |
over 4 years |
|
Fixtures, fittings, tools and equipment |
over 4 years |
|
|
Stocks |
|
Stocks are measured at the lower of cost and estimated market value. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised. |
|
|
Debtors |
|
Short term debtors are measured at invoice price, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at invoice price. Loans and other financial liabilities are recognised at transaction price. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
|
|
Pensions |
|
Contributions to defined contribution plans are expensed in the period to which they relate. |
|
|
| 2 |
Tangible fixed assets |
|
|
|
|
Plant and machinery etc |
|
Motor vehicles |
|
Total |
| £ |
£ |
£ |
|
Cost |
|
At 1 May 2016 |
6,222 |
|
5,343 |
|
11,565 |
|
Additions |
- |
|
131 |
|
131 |
|
At 30 April 2017 |
6,222 |
|
5,474 |
|
11,696 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 May 2016 |
6,078 |
|
4,911 |
|
10,989 |
|
Charge for the year |
29 |
|
100 |
|
129 |
|
At 30 April 2017 |
6,107 |
|
5,011 |
|
11,118 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 30 April 2017 |
115 |
|
463 |
|
578 |
|
At 30 April 2016 |
144 |
|
432 |
|
576 |
|
|
| 3 |
Debtors |
2017 |
|
2016 |
| £ |
£ |
|
|
Trade debtors |
30,010 |
|
34,235 |
|
Other debtors |
4,679 |
|
4,495 |
|
|
|
|
|
|
34,689 |
|
38,730 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Creditors: amounts falling due within one year |
2017 |
|
2016 |
| £ |
£ |
|
|
Trade creditors |
7,017 |
|
8,083 |
|
Corporation tax |
- |
|
1,147 |
|
Other taxes and social security costs |
6,316 |
|
7,917 |
|
Other creditors |
18,843 |
|
20,224 |
|
|
|
|
|
|
32,176 |
|
37,371 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Other information |
|
|
A & I Holmes & Co Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
Unit 8C, Kayley Industrial Estate |
|
Richmond Street |
|
Ashton under Lyne |
|
Lancashire |
|
OL6 0AU |
