REGISTERED NUMBER: 04763167 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018

FOR

A & B PLATINUM DECORATORS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

A Howle

SECRETARY:

Mrs J Hall

REGISTERED OFFICE:

35 Briarswood

Biddulph

Stoke-on-Trent

Staffordshire

ST8 6BW

REGISTERED NUMBER:

04763167 (England and Wales)

ACCOUNTANTS:

Barringtons Limited

Chartered Accountants

Richmond House

570-572 Etruria Road

Basford

Newcastle

Staffordshire

ST5 0SU

FIXED ASSETS

Tangible assets

4

10,750

13,362

CURRENT ASSETS

Debtors

5

31,698

18,948

Cash at bank

-

138

31,698

19,086

CREDITORS

Amounts falling due within one year

6

22,720

15,231

NET CURRENT ASSETS

8,978

3,855

TOTAL ASSETS LESS CURRENT LIABILITIES

19,728

17,217

CREDITORS

Amounts falling due after more than one year

7

-

(2,394

)

PROVISIONS FOR LIABILITIES

(1,827

)

(2,271

)

NET ASSETS

17,901

12,552

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

17,899

12,550

SHAREHOLDERS' FUNDS

17,901

12,552

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director on 23 November 2018 and were signed by:

A Howle - Director

1.	STATUTORY INFORMATION

A & B Platinum Decorators 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

33% on cost, 25% on reducing balance and 10% 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2017 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2017

20,053

Additions

486

At 31 March 2018

20,539

DEPRECIATION

At 1 April 2017

6,691

Charge for year

3,098

At 31 March 2018

9,789

NET BOOK VALUE

At 31 March 2018

10,750

At 31 March 2017

13,362

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 April 2017

and 31 March 2018

11,000

DEPRECIATION

At 1 April 2017

and 31 March 2018

2,922

NET BOOK VALUE

At 31 March 2018

8,078

At 31 March 2017

8,078

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

24,525

15,354

Other debtors

7,173

3,594

31,698

18,948

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Bank loans and overdrafts

3,737

-

Hire purchase contracts

2,394

2,404

Trade creditors

623

1,735

Taxation and social security

14,735

8,653

Other creditors

1,231

2,439

22,720

15,231

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2018

2017

£

£

Hire purchase contracts

-

2,394