REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 31 October 2017 |
for |
AAA REMOVALS LIMITED |
TRADING AS |
"ARNOLD & SELF REMOVALS" |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 31 October 2017 |
for |
AAA REMOVALS LIMITED |
TRADING AS |
"ARNOLD & SELF REMOVALS" |
AAA REMOVALS LIMITED (REGISTERED NUMBER: 06717750) |
TRADING AS "ARNOLD & SELF REMOVALS" |
Contents of the Financial Statements |
for the Year Ended 31 October 2017 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
AAA REMOVALS LIMITED |
TRADING AS "ARNOLD & SELF REMOVALS" |
Company Information |
for the Year Ended 31 October 2017 |
DIRECTOR: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
1 Brook Court |
Blakeney Road |
Beckenham |
Kent |
BR3 1HG |
AAA REMOVALS LIMITED (REGISTERED NUMBER: 06717750) |
TRADING AS "ARNOLD & SELF REMOVALS" |
Balance Sheet |
31 October 2017 |
31.10.17 | 31.10.16 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
Tangible assets | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
8 |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | 10 | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
The director acknowledges his 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. |
AAA REMOVALS LIMITED (REGISTERED NUMBER: 06717750) |
TRADING AS "ARNOLD & SELF REMOVALS" |
Balance Sheet - continued |
31 October 2017 |
In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
The financial statements were approved by the director on |
AAA REMOVALS LIMITED (REGISTERED NUMBER: 06717750) |
TRADING AS "ARNOLD & SELF REMOVALS" |
Notes to the Financial Statements |
for the Year Ended 31 October 2017 |
1. | STATUTORY INFORMATION |
AAA Removals Limited is a |
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 |
No material adjustments were needed in the first year of adoption to comply with the new standards. |
Turnover |
Turnover consists of the total value of services, excluding value added tax, carried out during the period under |
review. |
Goodwill |
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 |
Plant and machinery | - |
Fixtures and fittings | - |
Motor vehicles | - |
Computer equipment | - |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, |
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. |
AAA REMOVALS LIMITED (REGISTERED NUMBER: 06717750) |
TRADING AS "ARNOLD & SELF REMOVALS" |
Notes to the Financial Statements - continued |
for the Year Ended 31 October 2017 |
2. | ACCOUNTING POLICIES - continued |
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. |
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 |
4. | INTANGIBLE FIXED ASSETS |
Goodwill |
£ |
COST |
At 1 November 2016 |
and 31 October 2017 |
AMORTISATION |
At 1 November 2016 |
Amortisation for year |
At 31 October 2017 |
NET BOOK VALUE |
At 31 October 2017 |
At 31 October 2016 |
AAA REMOVALS LIMITED (REGISTERED NUMBER: 06717750) |
TRADING AS "ARNOLD & SELF REMOVALS" |
Notes to the Financial Statements - continued |
for the Year Ended 31 October 2017 |
5. | TANGIBLE FIXED ASSETS |
Fixtures |
Plant and | and | Motor | Computer |
machinery | fittings | vehicles | equipment | Totals |
£ | £ | £ | £ | £ |
COST |
At 1 November 2016 |
Additions |
At 31 October 2017 |
DEPRECIATION |
At 1 November 2016 |
Charge for year |
At 31 October 2017 |
NET BOOK VALUE |
At 31 October 2017 |
At 31 October 2016 |
Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
Motor |
vehicles |
£ |
COST |
At 1 November 2016 |
and 31 October 2017 |
DEPRECIATION |
At 1 November 2016 |
Charge for year |
At 31 October 2017 |
NET BOOK VALUE |
At 31 October 2017 |
At 31 October 2016 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.10.17 | 31.10.16 |
£ | £ |
Trade debtors |
Other debtors |
All debtors are payable within one year and have therefore not been discounted. |
AAA REMOVALS LIMITED (REGISTERED NUMBER: 06717750) |
TRADING AS "ARNOLD & SELF REMOVALS" |
Notes to the Financial Statements - continued |
for the Year Ended 31 October 2017 |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.10.17 | 31.10.16 |
£ | £ |
Bank loans and overdrafts |
Hire purchase contracts |
Trade creditors |
Taxation and social security |
Other creditors |
All creditors are payable within one year and have therefore not been discounted. |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
31.10.17 | 31.10.16 |
£ | £ |
Bank loans |
Hire purchase contracts |
9. | SECURED DEBTS |
The following secured debts are included within creditors: |
31.10.17 | 31.10.16 |
£ | £ |
Bank loans |
Hire purchase contracts | 26,062 | 44,109 |
The bank loan is secured by a directors personal guarantee. Hire purchase loans are secured on the individual |
asset it financed. |
10. | PROVISIONS FOR LIABILITIES |
31.10.17 | 31.10.16 |
£ | £ |
Deferred tax | 13,347 | 17,972 |
Deferred |
tax |
£ |
Balance at 1 November 2016 |
Accelerated capital allowances | (4,625 | ) |
Balance at 31 October 2017 |