Ann Ballinger Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06719324 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018

FOR

ANN BALLINGER LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Miss A Ballinger

REGISTERED OFFICE:

24 Park Street

Leamington Spa

CV32 4QN

REGISTERED NUMBER:

06719324 (England and Wales)

ACCOUNTANTS:

Pentlands Accountants and advisors Ltd

Chartered Certified Accountants

and Registered Auditors

3 & 4 Pegasus House

Pegasus Court

Olympus Avenue

Warwick

Warwickshire

CV34 6LW

FIXED ASSETS

Intangible assets

4

-

30,000

Tangible assets

5

18,622

25,148

18,622

55,148

CURRENT ASSETS

Debtors

6

11,861

40,849

CREDITORS

Amounts falling due within one year

7

38,532

57,101

NET CURRENT LIABILITIES

(26,671

)

(16,252

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(8,049

)

38,896

CREDITORS

Amounts falling due after more than one year

8

(10,209

)

(12,454

)

PROVISIONS FOR LIABILITIES

(1,128

)

(2,066

)

NET (LIABILITIES)/ASSETS

(19,386

)

24,376

CAPITAL AND RESERVES

Called up share capital

10

10

Retained earnings

(19,396

)

24,366

SHAREHOLDERS' FUNDS

(19,386

)

24,376

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 director acknowledges her 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 29 November 2018 and were signed by:

Miss A Ballinger - Director

1.	STATUTORY INFORMATION

Ann Ballinger Limited 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 represents net invoiced sales of services, excluding value added tax, except in respect of

service contracts where turnover is recognised when the company obtains the right to consideration.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Website

-

20% on cost

Office equipment

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer software

-

20% 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet.

Those held under hire purchase contracts are depreciated over their estimated useful lives. Those

held under finance leases are depreciated over their estimated useful lives or the lease term,

whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The

capital element of the future payments is treated as a liability.

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 38 (2017 - 43 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2017

30,000

Disposals

(30,000

)

At 31 March 2018

-

NET BOOK VALUE

At 31 March 2018

-

At 31 March 2017

30,000

5.	TANGIBLE FIXED ASSETS

Fixtures

Office

and

Website

equipment

fittings

£

£

£

COST

At 1 April 2017

and 31 March 2018

3,436

10,542

4,407

DEPRECIATION

At 1 April 2017

687

4,568

2,150

Charge for year

687

1,195

452

At 31 March 2018

1,374

5,763

2,602

NET BOOK VALUE

At 31 March 2018

2,062

4,779

1,805

At 31 March 2017

2,749

5,974

2,257

Motor

Computer

vehicles

software

Totals

£

£

£

COST

At 1 April 2017

and 31 March 2018

15,424

6,500

40,309

DEPRECIATION

At 1 April 2017

3,856

3,900

15,161

Charge for year

2,892

1,300

6,526

At 31 March 2018

6,748

5,200

21,687

NET BOOK VALUE

At 31 March 2018

8,676

1,300

18,622

At 31 March 2017

11,568

2,600

25,148

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 April 2017

and 31 March 2018

15,424

DEPRECIATION

At 1 April 2017

3,856

Charge for year

2,892

At 31 March 2018

6,748

NET BOOK VALUE

At 31 March 2018

8,676

At 31 March 2017

11,568

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

533

18,398

Other debtors

11,328

22,451

11,861

40,849

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Bank loans and overdrafts

13,106

20,522

Hire purchase contracts

2,469

2,538

Trade creditors

8,939

5,605

Taxation and social security

2,509

8,699

Other creditors

11,509

19,737

38,532

57,101

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2018

2017

£

£

Hire purchase contracts

10,209

12,454

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Miss A Ballinger.