Registered number
06354094
A&J Granite Solutions Ltd
Report and Accounts
31 August 2017
A&J Granite Solutions Ltd
Report to the directors on the preparation of the unaudited statutory accounts of A&J Granite Solutions Ltd for the year ended 31 August 2017
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of A&J Granite Solutions Ltd for the year ended 31 August 2017 which comprise of the Profit and Loss Account, the Balance Sheet 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163.
Coalesco Accountants Limited
Chartered Certified Accountants
156 Russell Drive
Wollaton
Nottingham
NG8 2BE
31 October 2017
A&J Granite Solutions Ltd
Registered number: 06354094
Balance Sheet
as at 31 August 2017
Notes 2017 2016
£ £
Fixed assets
Tangible assets 3 53,093 61,594
Current assets
Stocks 35,018 22,988
Debtors 4 36,335 62,510
Cash at bank and in hand 126,794 106,719
198,147 192,217
Creditors: amounts falling due within one year 5 (110,957) (120,979)
Net current assets 87,190 71,238
Total assets less current liabilities 140,283 132,832
Creditors: amounts falling due after more than one year 6 (10,227) (24,981)
Net assets 130,056 107,851
Capital and reserves
Called up share capital 4 4
Profit and loss account 130,052 107,847
Shareholders' funds 130,056 107,851
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
J Murati
Director
Approved by the board on 31 October 2017
A&J Granite Solutions Ltd
Notes to the Accounts
for the year ended 31 August 2017
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Motor vehicles 25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2017 2016
Number Number
Average number of persons employed by the company 10 10
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 September 2016 99,273 36,112 135,385
Additions 10,835 - 10,835
Disposals (4,855) - (4,855)
At 31 August 2017 105,253 36,112 141,365
Depreciation
At 1 September 2016 50,055 23,736 73,791
Charge for the year 14,403 3,295 17,698
On disposals (3,217) - (3,217)
At 31 August 2017 61,241 27,031 88,272
Net book value
At 31 August 2017 44,012 9,081 53,093
At 31 August 2016 49,218 12,376 61,594
4 Debtors 2017 2016
£ £
Trade debtors 36,333 62,508
Other debtors 2 2
36,335 62,510
5 Creditors: amounts falling due within one year 2017 2016
£ £
Bank loans and overdrafts 9,111 9,111
Trade creditors 49,135 72,551
Corporation tax 32,844 26,957
Other taxes and social security costs 19,867 12,192
Other creditors - 168
110,957 120,979
6 Creditors: amounts falling due after one year 2017 2016
£ £
Bank loans 10,227 24,981
7 Other information
A&J Granite Solutions Ltd is a private company limited by shares and incorporated in England. Its registered office is:
25 Mowbray Gardens
West Bridgford
Nottingham
NG2 6JN
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