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REGISTERED NUMBER: 05367848 (England and Wales)




















Unaudited Financial Statements

for the Year Ended 31 March 2017

for

AA & IC Carpentry Limited

AA & IC Carpentry Limited (Registered number: 05367848)






Contents of the Financial Statements
for the Year Ended 31 March 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AA & IC Carpentry Limited

Company Information
for the Year Ended 31 March 2017







DIRECTORS: I L Neal
Mrs C Neal





SECRETARY: Mrs C Neal





REGISTERED OFFICE: Field Cottage
Main Road
Christian Malford
Chippenham
Wiltshire
SN15 4DA





REGISTERED NUMBER: 05367848 (England and Wales)

AA & IC Carpentry Limited (Registered number: 05367848)

Balance Sheet
31 March 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 133,397 66,418

CURRENT ASSETS
Debtors 5 190,649 139,464
Cash at bank and in hand 371,654 360,427
562,303 499,891
CREDITORS
Amounts falling due within one year 6 194,876 170,572
NET CURRENT ASSETS 367,427 329,319
TOTAL ASSETS LESS CURRENT
LIABILITIES

500,824

395,737

PROVISIONS FOR LIABILITIES 8,080 -
NET ASSETS 492,744 395,737

CAPITAL AND RESERVES
Called up share capital 50 50
Capital redemption reserve 50 50
Retained earnings 492,644 395,637
SHAREHOLDERS' FUNDS 492,744 395,737

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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.

AA & IC Carpentry Limited (Registered number: 05367848)

Balance Sheet - continued
31 March 2017


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 Board of Directors on 31 May 2017 and were signed on its behalf by:




I L Neal - Director



Mrs C Neal - Director


AA & IC Carpentry Limited (Registered number: 05367848)

Notes to the Financial Statements
for the Year Ended 31 March 2017

1. STATUTORY INFORMATION

AA & IC Carpentry 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.

The financial statement are presented in Sterling which is the functional currency of the company and rounded to
the nearest £.

These financial statements are the entity's first under FRS 102 Section 1A. Details of the transition to FRS 102
are disclosed in note 7.

Turnover
Revenue is measured at the fair value of the consideration received or receivable and represents the amount
receivable for goods supplied or services rendered, net of returns, discounts and rebates allowed by the company
and value added taxes.

Work done
Turnover is usually recognised on completion of the service. For engagements that span the year end turnover is
recognised by reference to the stage of completion at the balance sheet date.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - 10% on straight line basis
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Tangible fixed assets are stated at cost or valuation less accumulated depreciation and accumulated impairment
losses. Cost includes costs directly attributable to making the asset capable of operating as intended by
management.

Tangible assets are derecognised on disposal or when no future economic benefits are expected. On disposal, the
difference between the net disposal proceeds and the carrying amount is recognised in profit or loss.

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 that have been enacted or
substantively enacted by the balance sheet date.


AA & IC Carpentry Limited (Registered number: 05367848)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2017

2. ACCOUNTING POLICIES - continued
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.

Cash and cash equivalents
Cash and cash equivalents includes cash in hand, deposits held at call with banks and other short-term highly
liquid investments with original maturities of three months or less.

Debtors and creditors
Debtors and creditors with no stated interest rate and receivable and payable within one year are recorded at
transaction price. Any losses arising from impairment are recognised in the profit and loss account in other
administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2016 - 8 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Long and Motor
leasehold fittings vehicles Totals
£    £    £    £   
COST
At 1 April 2016 12,267 12,600 69,999 94,866
Additions 837 1,745 123,147 125,729
Disposals - - (69,999 ) (69,999 )
At 31 March 2017 13,104 14,345 123,147 150,596
DEPRECIATION
At 1 April 2016 - 9,560 18,888 28,448
Charge for year 1,311 1,196 5,132 7,639
Eliminated on disposal - - (18,888 ) (18,888 )
At 31 March 2017 1,311 10,756 5,132 17,199
NET BOOK VALUE
At 31 March 2017 11,793 3,589 118,015 133,397
At 31 March 2016 12,267 3,040 51,111 66,418

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade debtors 174,607 135,244
VAT 16,042 4,220
190,649 139,464

AA & IC Carpentry Limited (Registered number: 05367848)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2017

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade creditors 141,655 110,496
Corporation tax 29,537 39,143
Social security and other taxes 14,684 17,433
Directors' current accounts 5,000 -
Accrued expenses 4,000 3,500
194,876 170,572

7. FIRST YEAR ADOPTION

There were no transitional adjustments.