REGISTERED NUMBER: 02003099 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 April 2017

for

A AND K HOME IMPROVEMENTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

D W Adams

SECRETARY:

D W Adams

REGISTERED OFFICE:

A & K House

Main Road

Alresford

Colchester

Essex

CO7 8DB

REGISTERED NUMBER:

02003099 (England and Wales)

ACCOUNTANTS:

Hooper & Co (Financial Management) Limited

Chartered Tax Advisers and Accountants

166 High Street

Kelvedon

Colchester

Essex

CO5 9JD

FIXED ASSETS

Tangible assets

4

36,364

30,810

CURRENT ASSETS

Debtors

5

69,812

75,155

Cash at bank

72,830

43,706

142,642

118,861

CREDITORS

Amounts falling due within one year

6

(63,547

)

(50,826

)

NET CURRENT ASSETS

79,095

68,035

TOTAL ASSETS LESS CURRENT LIABILITIES

115,459

98,845

CREDITORS

Amounts falling due after more than one year

7

(18,363

)

(10,633

)

PROVISIONS FOR LIABILITIES

(86,260

)

(85,711

)

NET ASSETS

10,836

2,501

CAPITAL AND RESERVES

Called up share capital

2,501

2,501

Retained earnings

8,335

-

SHAREHOLDERS' FUNDS

10,836

2,501

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2017 in accordance with Section 476 of the Companies Act 2006.

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.

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 24 November 2017 and were signed by:

D W Adams - Director

1.	STATUTORY INFORMATION

A and K Home Improvements 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

in accordance with the property

Plant and machinery etc

-

25% on reducing balance

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.

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.

Provisions for warranty claims

The Company provides for the estimated cost of product warranties at the time revenue is recognised. The

Company’s products are covered by 10 year product warranty plan.

While the Company believes that its warranty provisions are adequate and that the judgements applied are

appropriate, the ultimate cost of product warranty could differ materially from our estimates. When the actual

warranty cost of our products is lower than we originally anticipated, the Company releases an appropriate

proportion of the provision, and if the warranty cost is higher than anticipated, the Company increases the

provision.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 May 2016

42,946

63,624

106,570

Additions

-

14,280

14,280

Disposals

-

(6,000

)

(6,000

)

At 30 April 2017

42,946

71,904

114,850

DEPRECIATION

At 1 May 2016

34,360

41,400

75,760

Charge for year

1,718

5,042

6,760

Eliminated on disposal

-

(4,034

)

(4,034

)

At 30 April 2017

36,078

42,408

78,486

NET BOOK VALUE

At 30 April 2017

6,868

29,496

36,364

At 30 April 2016

8,586

22,224

30,810

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

7,100

3,349

Other debtors

62,712

71,806

69,812

75,155

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

32,003

21,834

Taxation and social security

16,951

10,312

Other creditors

14,593

18,680

63,547

50,826

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Hire purchase contracts

18,363

10,633

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2017 and

30 April 2016:

2017

2016

£

£

D W Adams

Balance outstanding at start of year

4,822

-

Amounts advanced

500

-

Amounts repaid

(5,322

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

4,822

During the year the Company paid total rent of £5,345 (2016 - £4,876) to DW Adams. The transactions were

made on a normal trading basis. The Company also loaned £56,250 (2016 - £56,250) to Adket Properties

Limited a company of which DW Adams is a director and shareholder. The loan is repayable on demand.