| Registered Number:02537158 |
For the year ended 30 June 2018
England and Wales
Unaudited Financial Statements
For the year ended 30 June 2018
A Concept Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
A Concept Limited
Statement of Financial Position
2017
2018
1
1
2
| Property, plant and equipment |
2,584
2,417
3
150,000
150,000
4
152,585
152,418
9,880
11,430
5
| Trade and other receivables |
143,781
129,987
6
41,293
| Cash and cash equivalents |
54,810
196,227
194,954
| Trade and other payables: amounts falling due within one year |
(295,366)
(295,945)
7
(100,412)
(99,718)
Net current liabilities
| Total assets less current liabilities |
52,867
52,006
52,867
Net assets
52,006
25,000
25,000
27,867
27,006
52,867
52,006
Shareholders' funds
| For the year ended 30 June 2018 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
| The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2018 in accordance with Section 476 of the Companies Act 2006 |
| The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
| These financial statements were approved and authorised for issue by the Board on 31 March 2019 and were signed by: |
| The notes form part of these financial statements |
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For the year ended 30 June 2018
A Concept Limited
Notes to the Financial Statements
Statutory Information
| A Concept Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number |
| 02537158. |
Beaufort House
5 Middlesex Street
London
E1 7AA
| The presentation currency is £ sterling. |
Basis of preparing the financial statements
| These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention. |
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax.
Goodwill
| Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of 5 years. |
Property, plant and equipment
| Tangible fixed assets are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Computer equipment
Motor vehicles
| Between 20% and 25% Reducing balance |
Fixtures, fittings & equipment
Inventories
Work in progress are valued at the lower of cost and net realisable value.
Deferred tax
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. |
Foreign currencies
| Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the profit and loss account. |
Hire purchase and leasing commitments
| The finance element of the rental payment is charged to the profit and loss account on a method giving a constant rate of return on the balance outstanding. |
Pension costs and other post-retirement benefits
| The company operates a defined contribution pension scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the period in which they are payable. |
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For the year ended 30 June 2018
A Concept Limited
Notes to the Financial Statements Continued
Group accounts
| The company is a parent company subject to the small companies' regime. The company and its subsidiary comprise a small |
| group. The company has, therefore taken advantage of the option provided by section 398 of the Companies Act 2006 not to |
| prepare group accounts. |
Fixed asset investments
Fixed asset investments are stated at cost less provision for any permanent diminution in value.
| 2. Intangible fixed assets |
Goodwill
42,000
42,000
41,999
41,999
1
1
| 3. Property, plant and equipment |
| Fixtures, fittings |
| & equipment |
Motor vehicles
122,861
72,277
32,584
18,000
1,176
1,176
-
-
18,000
32,584
73,453
124,037
| Provision for depreciation and impairment |
120,444
72,584
31,063
16,797
Charge for year
1,009
550
159
300
121,453
73,134
31,222
17,097
903
1,362
319
2,584
1,203
1,521
(307)
2,417
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For the year ended 30 June 2018
A Concept Limited
Notes to the Financial Statements Continued
| 4. Investments held as fixed assets |
150,000
150,000
150,000
150,000
150,000
150,000
150,000
150,000
| The company's subsidiary undertaking at 30 June 2016 is : |
| % Incorporation Nature of business |
| PFJ Associates Limited 75 England and Wales Retail delicatessens and cafe restaurants |
2017
2018
11,430
9,880
| 6. Trade and other receivables |
2017
2018
71,512
90,985
| Amounts owed by group undertakings and participating interests |
57,475
50,996
1,000
1,800
143,781
129,987
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For the year ended 30 June 2018
A Concept Limited
Notes to the Financial Statements Continued
| 7. Trade and other payables: amounts falling due within one year |
2017
2018
11,800
15,225
| Taxation and social security |
9,312
14,318
274,833
265,823
295,945
295,366
| 8. Related party transactions |
| Mr A Handa is a director of PFJ Associates Limited. During the year, rent and service fees of £16,800 (2017 : £18,000) was paid |
| to PFJ Associates Limited. |
| At 30 June 2018, the company was owed £57,475 (2017 : £50,996) by its subsidiary undertaking, PFJ Associates Limited. |
| The company is controlled by the director A Handa by virtue of his 55% shareholding in the company. |
| 9. Average number of persons employed |
During the year the average number of employees was 6 (2017 : 7)
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