Ian Asprey Decorating Services Ltd - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 07274315 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 July 2018

for

Ian Asprey Decorating Services Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

I Asprey

SECRETARY:

Mrs S Asprey

REGISTERED OFFICE:

552-554 Bristol Road

Selly Oak

Birmingham

B29 6BD

REGISTERED NUMBER:

07274315 (England and Wales)

ACCOUNTANTS:

Clearline Business Consultants Ltd

552-554 Bristol Road

Selly Oak

Birmingham

West Midlands

B29 6BD

FIXED ASSETS

Tangible assets

4

23,344

26,864

CURRENT ASSETS

Debtors

5

113,316

7,548

Cash at bank

59,277

115,749

172,593

123,297

CREDITORS

Amounts falling due within one year

6

50,398

67,724

NET CURRENT ASSETS

122,195

55,573

TOTAL ASSETS LESS CURRENT LIABILITIES

145,539

82,437

CREDITORS

Amounts falling due after more than one year

7

21,252

11,421

NET ASSETS

124,287

71,016

CAPITAL AND RESERVES

Called up share capital

4

4

Retained earnings

124,283

71,012

SHAREHOLDERS' FUNDS

124,287

71,016

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2018 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 22 August 2018 and were signed by:

I Asprey - Director

1.	STATUTORY INFORMATION

Ian Asprey Decorating 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.

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 etc

-

33% on cost

Taxation

Taxation 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 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 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 August 2017

41,821

Additions

15,295

At 31 July 2018

57,116

DEPRECIATION

At 1 August 2017

14,957

Charge for year

18,815

At 31 July 2018

33,772

NET BOOK VALUE

At 31 July 2018

23,344

At 31 July 2017

26,864

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.18

31.7.17

£

£

Trade debtors

108,651

986

Other debtors

4,665

6,562

113,316

7,548

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.18

31.7.17

£

£

Trade creditors

8,498

10,825

Taxation and social security

40,252

22,750

Other creditors

1,648

34,149

50,398

67,724

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.7.18

31.7.17

£

£

Hire purchase contracts

21,252

11,421