ADS Joinery Design Ltd - Accounts to registrar (filleted) - small 18.2
ADS Joinery Design Ltd - Accounts to registrar (filleted) - small 18.2
REGISTERED NUMBER: |
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: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
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. |
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 |
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 |
CURRENT ASSETS |
Debtors |
Cash at bank |
CREDITORS |
Amounts falling due within one year | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 7 |
Retained earnings |
SHAREHOLDERS' FUNDS |
ADS JOINERY DESIGN LTD (REGISTERED NUMBER: 07292523) |
ABRIDGED STATEMENT OF FINANCIAL POSITION - continued |
30TH JUNE 2018 |
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. |
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 on its behalf by: |
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 |
The company's registered number and registered office address can be found on the Company |
Information page. |
2. | STATEMENT OF COMPLIANCE |
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 |
Plant and machinery | - |
Motor vehicles | - |
Computer equipment | - |
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 |
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 |
Additions |
At 30th June 2018 |
Depreciation |
At 1st July 2017 |
Charge for year |
At 30th June 2018 |
Net book value |
At 30th June 2018 |
At 30th June 2017 |
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: | £ | £ |
Ordinary A | £1 | 76 | 76 |
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. |