ADS Joinery Design Ltd - Accounts to registrar (filleted) - small 18.2

ADS Joinery Design Ltd - Accounts to registrar (filleted) - small 18.2


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REGISTERED NUMBER: 07292523(England and Wales)















ADS JOINERY DESIGN LTD

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2018






ADS JOINERY DESIGN LTD (REGISTERED NUMBER: 07292523)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2018










Page

Company Information 1

Accountants' Report 2 to 3

Abridged Statement of Financial Position 4 to 5

Notes to the Financial Statements 6 to 8


ADS JOINERY DESIGN LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH JUNE 2018







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





SECRETARY: J C Cassidy





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 2018 which
comprise the Income Statement, Abridged Statement of Financial Position, Statement of Changes in Equity
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



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


8th February 2019

ADS JOINERY DESIGN LTD (REGISTERED NUMBER: 07292523)

ABRIDGED STATEMENT OF FINANCIAL POSITION
30TH JUNE 2018

2018 2017
Notes £    £   
FIXED ASSETS
Property, plant and equipment 5 162,140 114,653

CURRENT ASSETS
Debtors 1,727,356 1,697,874
Cash at bank 227,987 374,050
1,955,343 2,071,924
CREDITORS
Amounts falling due within one year (1,105,802 ) (1,084,811 )
NET CURRENT ASSETS 849,541 987,113
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,011,681

1,101,766

CREDITORS
Amounts falling due after more than
one year

(21,484

)

(12,288

)

PROVISIONS FOR LIABILITIES (30,807 ) (21,784 )
NET ASSETS 959,390 1,067,694

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 959,290 1,067,594
SHAREHOLDERS' FUNDS 959,390 1,067,694

ADS JOINERY DESIGN LTD (REGISTERED NUMBER: 07292523)

ABRIDGED STATEMENT OF FINANCIAL POSITION - continued
30TH JUNE 2018


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 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 Statement of Financial Position for the year ended 30th June 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 4th February 2019and 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 2018


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 2018


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 39(2017 - 38) .

ADS JOINERY DESIGN LTD (REGISTERED NUMBER: 07292523)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2018


5. PROPERTY, PLANT AND EQUIPMENT
Totals
£   
Cost
At 1st July 2017 205,788
Additions 81,262
At 30th June 2018 287,050
Depreciation
At 1st July 2017 91,135
Charge for year 33,775
At 30th June 2018 124,910
Net book value
At 30th June 2018 162,140
At 30th June 2017 114,653

6. SECURED DEBTS

The following secured debts are included within creditors:

2018 2017
£    £   
Hire purchase contracts 34,832 18,699

7. CALLED UP SHARE CAPITAL



Allotted, issued and fully paid:
Number: Class: Nominal 2018 2017
value: £    £   
76 Ordinary A £1 76 76
24 Ordinary C £1 24 24
100 100

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date the directors owed the company £4,461. The maximum balance
outstanding in the year was £152,781. The balance has been repaid shortly after the year end.