ADS Joinery Design Ltd - Accounts to registrar (filleted) - small 17.3

ADS Joinery Design Ltd - Accounts to registrar (filleted) - small 17.3


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REGISTERED NUMBER: 07292523(England and Wales)















ADS JOINERY DESIGN LTD

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2017






ADS JOINERY DESIGN LTD (REGISTERED NUMBER: 07292523)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2017










Page

Company Information 1

Accountants' Report 2

Abridged Statement of Financial Position 3 to 4

Notes to the Financial Statements 5 to 8


ADS JOINERY DESIGN LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH JUNE 2017







DIRECTORS: I D Ambrose
L Anderson
M Rehinsi
A Knowles
S Stainton
M Anderson
D Altabas





REGISTERED OFFICE: ADS Joinery Design
Shangri-La Farm
Todds Green
Stevenage
Hertfordshire
SG1 2JE





REGISTERED NUMBER: 07292523(England and Wales)





ACCOUNTANTS: Wags LLP t/a Wagstaffs
Richmond House
Walkern Road
Stevenage
Hertfordshire
SG1 3QP

ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
ADS JOINERY DESIGN LTD


The following reproduces the text of the report prepared for the directors in respect of the company's
annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only
required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and
certain other primary statements and the Report of the Directors are not required to be filed with the
Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your
approval the financial statements of ADS Joinery Design Ltd for the year ended 30th June 2017 which
comprise the Income Statement, Abridged Statement of Financial Position, and the related notes from the
company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of ADS Joinery Design Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of ADS Joinery Design Ltd and state those matters that we have agreed to state to the Board of Directors of ADS Joinery Design Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than ADS Joinery Design Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that ADS Joinery Design Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of ADS Joinery Design Ltd. You consider that ADS Joinery Design Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of ADS Joinery Design Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Wags LLP t/a Wagstaffs
Richmond House
Walkern Road
Stevenage
Hertfordshire
SG1 3QP


29th March 2018

ADS JOINERY DESIGN LTD (REGISTERED NUMBER: 07292523)

ABRIDGED STATEMENT OF FINANCIAL POSITION
30TH JUNE 2017

2017 2016
Notes £    £   
FIXED ASSETS
Property, plant and equipment 5 114,653 97,005

CURRENT ASSETS
Debtors 1,697,874 2,499,286
Cash at bank and in hand 374,050 43,875
2,071,924 2,543,161
CREDITORS
Amounts falling due within one year (1,084,811 ) (1,796,812 )
NET CURRENT ASSETS 987,113 746,349
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,101,766

843,354

CREDITORS
Amounts falling due after more than
one year

(12,288

)

-

PROVISIONS FOR LIABILITIES (21,784 ) -
NET ASSETS 1,067,694 843,354

CAPITAL AND RESERVES
Called up share capital 6 100 1
Retained earnings 1,067,594 843,353
SHAREHOLDERS' FUNDS 1,067,694 843,354

ADS JOINERY DESIGN LTD (REGISTERED NUMBER: 07292523)

ABRIDGED STATEMENT OF FINANCIAL POSITION - continued
30TH JUNE 2017


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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 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.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 30th June 2017 in accordance with Section 444(2A) of the Companies Act 2006.

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 28th March 2018and were signed on
its behalf by:




I D Ambrose- Director



M Anderson- Director


ADS JOINERY DESIGN LTD (REGISTERED NUMBER: 07292523)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2017


1. STATUTORY INFORMATION

ADS Joinery Design 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
'The financial statements have been prepared on a going concern basis and under the historical cost
convention

Significant judgements and estimates
No significant judgements or estimates have had to be made by the directors in preparing these
financial statements.

Revenue
Revenue represents the total invoice value, excluding value added tax, trade discounts and all other
taxes of sales made during the year.

Revenue recognition
Revenue is recognised when goods have been delivered and services supplied to customers such
that risks and rewards of ownership have transferred to them.

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 15% on reducing balance

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in
non-convertible preference and non-puttable ordinary shares which are measured at fair value, with
changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and
thereafter at fair value with changes recognised in profit or loss.


ADS JOINERY DESIGN LTD (REGISTERED NUMBER: 07292523)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2017


3. ACCOUNTING POLICIES - continued
Tax
Tax for the year 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 tax 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all material timing differences that have originated but not
reversed at the statement of financial position 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 year 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.

Contracts
Amounts recoverable on contracts, which are included in debtors, are stated at the net sales value of
the work done after provisions for contingencies and anticipated future losses on contracts, less
amounts received as progress payments on account.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 38.

ADS JOINERY DESIGN LTD (REGISTERED NUMBER: 07292523)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2017


5. PROPERTY, PLANT AND EQUIPMENT
Totals
£   
Cost
At 1st July 2016 187,658
Additions 47,805
Disposals (29,675 )
At 30th June 2017 205,788
Depreciation
At 1st July 2016 90,653
Charge for year 20,433
Eliminated on disposal (19,951 )
At 30th June 2017 91,135
Net book value
At 30th June 2017 114,653
At 30th June 2016 97,005

6. CALLED UP SHARE CAPITAL




Allotted, issued and fully paid:
Number: Class: Nominal 2017 2016
value: £    £   
100 Ordinary 1p - 1
76 Ordinary A £1 76 -
24 Ordinary C £1 24 -
100 1

During the year the company passed a resolution to reclassify 100 ordinary £0.01 shares into an
ordinary £1 share. Furthermore the company issued 99 ordinary £1 shares during the year. The
company reclassified the 100 ordinary £1 shares into 76 ordinary A and 24 ordinary C £1 shares
during the year.

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date the directors owed the company £152,781. The maximum balance
outstanding in the year was £152,781. The balance has been repaid shortly after the year end.

ADS JOINERY DESIGN LTD (REGISTERED NUMBER: 07292523)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2017


8. TRANSITION TO FINANCIAL REPORTING STANDARD 102

This is the first year that the company has presented its results in accordance with the provisions of
Section 1A “Small Entities” of Financial Reporting Standard 102. The last financial statements under
the provisions of UK GAAP were for the year ended 30 June 2016. The date of the transition to
Section 1A “Small Entities” of Financial Reporting Standard 102 was 1 July 2015. There has been no
effect on the financial statements arising from the transition from UK GAAP as previously reported
and Section 1A “Small Entities” of Financial Reporting Standard 102.