Year Ended
Registration number:
Alex Rowe Ltd
Contents
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Company Information |
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Balance Sheet |
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Notes to the Financial Statements |
Alex Rowe Ltd
Company Information
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Director |
Mr R A Rowe |
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Registered office |
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Accountants |
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Page 1 |
Alex Rowe Ltd
Balance Sheet
30 June 2017
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Note |
2017 |
2016 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net current assets |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Total equity |
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Page 2 |
Alex Rowe Ltd
Balance Sheet
30 June 2017
For the financial year ending 30 June 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved and authorised by the director on
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Mr R A Rowe
Director
Company Registration Number: 09633212
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Page 3 |
Alex Rowe Ltd
Notes to the Financial Statements
Year Ended 30 June 2017
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General information |
The company is a private company limited by share capital incorporated in England.
The address of its registered office is:
The principal place of business is:
11 Thatcher Avenue
Torquay
Devon
TQ1 2PD
These financial statements were authorised for issue by the
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Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Change in basis of accounting
The company's financial statements have been prepared in accordance with FRS102 - the Financial Reporting Standard applicable in the UK and Republic of Ireland. The company has transferred from previously extant UK GAAP to FRS102 as at 10 June 2015. There is no material impact on the reported financial position and financial performance.
Tangible assets
Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
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Page 4 |
Alex Rowe Ltd
Notes to the Financial Statements
Year Ended 30 June 2017
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
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Asset class |
Depreciation method and rate |
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Office equipment |
33% Straight line |
Financial instruments
Classification
• Short term trade and other debtors and creditors
• Cash and bank balances.
All financial instruments are classified as basic.
Recognition and measurement
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.
Such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments
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Page 5 |
Alex Rowe Ltd
Notes to the Financial Statements
Year Ended 30 June 2017
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Tangible assets |
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Furniture, fittings and equipment |
Total |
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Cost or valuation |
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At 1 July 2016 |
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Additions |
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At 30 June 2017 |
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Depreciation |
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At 1 July 2016 |
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Charge for the period |
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At 30 June 2017 |
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Carrying amount |
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At 30 June 2017 |
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At 30 June 2016 |
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Debtors |
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30 June 2017 |
30 June 2016 |
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Trade debtors |
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Creditors |
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Note |
30 June 2017 |
30 June 2016 |
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Due within one year |
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Social security and other taxes |
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Other creditors |
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Accrued expenses |
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Corporation tax |
3,212 |
1,476 |
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Page 6 |
Alex Rowe Ltd
Notes to the Financial Statements
Year Ended 30 June 2017
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Transition to FRS 102 |
There were no changes to the previously stated equity as at 10 June 2015 and 30 June 2016 or in the profit for the year ended 30 June 2016 as a result of the transition to FRS102.
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Page 7 |