Adam Plant Flooring Ltd - Accounts to registrar (filleted) - small 18.2

Adam Plant Flooring Ltd - Accounts to registrar (filleted) - small 18.2

ADAM PLANT FLOORING LTD - Company Information

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REGISTERED NUMBER: 08752630 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2018

FOR

ADAM PLANT FLOORING LTD
ADAM PLANT FLOORING LTD (REGISTERED NUMBER: 08752630)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


ADAM PLANT FLOORING LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2018







DIRECTORS: Mr A R Plant
Mrs C E Plant





SECRETARY: Mrs C E Plant





REGISTERED OFFICE: Arrowsmith Court
Station Approach
Broadstone
Dorset
BH18 8AT





REGISTERED NUMBER: 08752630 (England and Wales)





ACCOUNTANTS: Newton Magnus
Chartered Certified Accountants
& Statutory Auditors
Arrowsmith Court
Station Approach
Broadstone
Dorset
BH18 8AT
Page 1
ADAM PLANT FLOORING LTD (REGISTERED NUMBER: 08752630)

ABRIDGED BALANCE SHEET
31 MARCH 2018

2018 2017
Notes £    £   
FIXED ASSETS
Intangible assets 4 5,000 6,000
Tangible assets 5 5,902 7,495
10,902 13,495

CURRENT ASSETS
Stocks 486 257
Debtors 3,792 4,522
Cash at bank 20,356 9,182
24,634 13,961
CREDITORS
Amounts falling due within one year (13,327 ) (12,259 )
NET CURRENT ASSETS 11,307 1,702
TOTAL ASSETS LESS CURRENT
LIABILITIES
22,209
15,197

CREDITORS
Amounts falling due after more than
one year
-
(10,000
)

PROVISIONS FOR LIABILITIES (1,121 ) (1,424 )
NET ASSETS 21,088 3,773

The notes form part of these financial statements

Page 2 continued...
ADAM PLANT FLOORING LTD (REGISTERED NUMBER: 08752630)

ABRIDGED BALANCE SHEET - continued
31 MARCH 2018

2018 2017
Notes £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 20,988 3,673
SHAREHOLDERS' FUNDS 21,088 3,773

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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2018 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 29 October 2018 and were signed on
its behalf by:





Mr A R Plant - Director


The notes form part of these financial statements

Page 3
ADAM PLANT FLOORING LTD (REGISTERED NUMBER: 08752630)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018

1. STATUTORY INFORMATION

Adam Plant Flooring 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents the value of goods and services supplied by the company during the year,
excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of ten years.

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.
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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

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.


Page 4 continued...
ADAM PLANT FLOORING LTD (REGISTERED NUMBER: 08752630)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2018

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2017 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2017
and 31 March 2018 10,000
AMORTISATION
At 1 April 2017 4,000
Amortisation for year 1,000
At 31 March 2018 5,000
NET BOOK VALUE

At 31 March 2018 5,000
At 31 March 2017 6,000

Page 5 continued...
ADAM PLANT FLOORING LTD (REGISTERED NUMBER: 08752630)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2018

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2017 12,806
Additions 375
At 31 March 2018 13,181
DEPRECIATION
At 1 April 2017 5,311
Charge for year 1,968
At 31 March 2018 7,279
NET BOOK VALUE
At 31 March 2018 5,902
At 31 March 2017 7,495

Page 6