Allgood Services Ltd. - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04145239 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018

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

739,525

744,763

Investments

6

97,082

53,705

836,607

798,468

CURRENT ASSETS

Stocks

7

395,248

453,878

Debtors

8

3,905,317

2,748,308

Cash at bank

636,747

546,767

4,937,312

3,748,953

CREDITORS

Amounts falling due within one year

9

4,695,825

936,227

NET CURRENT ASSETS

241,487

2,812,726

TOTAL ASSETS LESS CURRENT LIABILITIES

1,078,094

3,611,194

PROVISIONS FOR LIABILITIES

46,091

46,238

NET ASSETS

1,032,003

3,564,956

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,031,903

3,564,856

SHAREHOLDERS' FUNDS

1,032,003

3,564,956

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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 23 October 2018 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 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.

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 year was 11 (2017 - 9 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2017

and 31 March 2018

15,000

AMORTISATION

At 1 April 2017

and 31 March 2018

15,000

NET BOOK VALUE

At 31 March 2018

-

At 31 March 2017

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 April 2017

472,278

322,656

4,367

At 31 March 2018

472,278

322,656

4,367

DEPRECIATION

At 1 April 2017

-

98,774

1,698

Charge for year

-

14,694

667

Eliminated on disposal

-

-

-

At 31 March 2018

-

113,468

2,365

NET BOOK VALUE

At 31 March 2018

472,278

209,188

2,002

At 31 March 2017

472,278

223,882

2,669

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 April 2017

96,181

21,237

916,719

Additions

20,445

2,211

22,656

Disposals

(6,000

)

-

(6,000

)

At 31 March 2018

110,626

23,448

933,375

DEPRECIATION

At 1 April 2017

57,118

14,366

171,956

Charge for year

10,021

1,987

27,369

Eliminated on disposal

(5,475

)

-

(5,475

)

At 31 March 2018

61,664

16,353

193,850

NET BOOK VALUE

At 31 March 2018

48,962

7,095

739,525

At 31 March 2017

39,063

6,871

744,763

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 April 2017

53,705

Additions

43,377

At 31 March 2018

97,082

NET BOOK VALUE

At 31 March 2018

97,082

At 31 March 2017

53,705

7.

STOCKS

2018

2017

£

£

Stocks

12,803

2,263

Work-in-progress

382,445

451,615

395,248

453,878

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

133,871

199,016

Amounts owed by group undertakings

3,517,511

2,287,820

Other debtors

151,905

102,847

Directors' loan accounts

-

100,759

VAT

51,031

25,923

Prepayments

50,999

31,943

3,905,317

2,748,308

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

185,156

180,165

Amounts owed to group undertakings

3,888,245

-

Tax

223,535

328,384

Social security and other taxes

101,502

121,191

Other creditors

7,153

2,147

Accrued expenses

290,234

304,340

4,695,825

936,227

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

31 March 2018 and the period ended 31 March 2017:

2018

2017

£

£

P J Allgood and L J Allgood

Balance outstanding at start of year

100,759

(931

)

Amounts advanced

358,692

200,290

Amounts repaid

(459,451

)

(98,600

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

100,759

This loan is unsecured.

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Littlebury Developments Limited.