Allstarfencing (US) Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: SC358877 (Scotland)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2017

FOR

ALLSTARFENCING (US) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

G Forster

REGISTERED OFFICE:

98/2 Eastfield Drive

Eastfield Industrial Estate

Penicuik

Midlothian

EH26 8HJ

REGISTERED NUMBER:

SC358877 (Scotland)

ACCOUNTANTS:

Macalvins Limited

Chartered Accountants

7 St John's Road

Harrow

Middlesex

HA1 2EY

BANKERS:

Clydesdale Bank

140 High Street

Musselburgh

EH21 7DZ

FIXED ASSETS

Tangible assets

3

-

500

CURRENT ASSETS

Stocks

4

7,120

2,987

Debtors

5

6,666

8,300

Cash at bank

2,266

600

16,052

11,887

CREDITORS

Amounts falling due within one year

6

10,542

6,722

NET CURRENT ASSETS

5,510

5,165

TOTAL ASSETS LESS CURRENT LIABILITIES

5,510

5,665

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

5,509

5,664

SHAREHOLDERS' FUNDS

5,510

5,665

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 17 January 2018 and were signed by:

G Forster - Director

1.	STATUTORY INFORMATION

Allstarfencing (US) Limited is a private company, limited by shares , registered in Scotland. 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.

Changes in accounting policies

These financial statements for the year ended 31st March 2017 are the first financial statements that comply with

FRS 102 Section 1A small entities.The date of transition is 1 May 2015.

The transition to FRS 102 Section 1A small entities has resulted in no changes in accounting policies to those

used previously and therefore there is no impact on opening equity and profit for the comparative period.

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.

Computer equipment

-

33.33% on cost

Stocks

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

moving items.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at

the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 May 2016

and 30 April 2017

1,500

DEPRECIATION

At 1 May 2016

1,000

Charge for year

500

At 30 April 2017

1,500

NET BOOK VALUE

At 30 April 2017

-

At 30 April 2016

500

4.

STOCKS

2017

2016

£

£

Finished goods

7,120

2,987

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Other debtors

6,531

8,186

VAT

135

114

6,666

8,300

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Tax

86

318

Directors' current accounts

9,077

5,024

Accrued expenses

1,379

1,380

10,542

6,722

7.	ULTIMATE CONTROLLING PARTY

The company is controlled by the directors of the company.