A&A Todd Limited - Filleted accounts

Registered number

04711690

A&A Todd Limited

Filleted Accounts

30 April 2018

A&A Todd Limited
Registered number:		04711690
Balance Sheet
as at 30 April 2018

Notes			2018			2017
£				£
Fixed assets
Intangible assets	2		-			2,181
Tangible assets	3		856			1,143
			856			3,324

Current assets
Debtors	4	6,715			15,886
Cash at bank and in hand		21,859			14,869
		28,574			30,755

Creditors: amounts falling due within one year	5	(13,944)			(12,456)

Net current assets			14,630			18,299

Total assets less current liabilities			15,486			21,623


Provisions for liabilities			(160)			(400)


Net assets			15,326			21,223

Capital and reserves
Called up share capital			100			100
Profit and loss account			15,226			21,123

Shareholders' funds			15,326			21,223

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.




AM Todd
Director
Approved by the board on 10 January 2019

A&A Todd Limited
Notes to the Accounts
for the year ended 30 April 2018


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 (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	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:

	Freehold buildings	over 50 years
	Leasehold land and buildings	over the lease term
	Plant and machinery	25% reducing balance
	Fixtures, fittings, tools and equipment	25% reducing balance

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Intangible fixed assets				£
	Goodwill:

	Cost
	At 1 May 2017				35,276
	At 30 April 2018				35,276

	Amortisation
	At 1 May 2017				33,095
	Provided during the year				2,181
	At 30 April 2018				35,276

	Net book value
	At 30 April 2018				-
	At 30 April 2017				2,181

	Goodwill is being written off in equal annual instalments over its estimated economic life of 15 years.


3	Tangible fixed assets
					Plant and machinery etc
£
	Cost
	At 1 May 2017				10,910
	At 30 April 2018				10,910

	Depreciation
	At 1 May 2017				9,767
	Charge for the year				287
	At 30 April 2018				10,054

	Net book value
	At 30 April 2018				856
	At 30 April 2017				1,143


4	Debtors		2018		2017
£				£

	Trade debtors		4,255		11,011
	Other debtors		2,460		4,875
			6,715		15,886


5	Creditors: amounts falling due within one year		2018		2017
£				£

	Other taxes and social security costs		684		2,679
	Other creditors		13,260		9,777
			13,944		12,456


6	Other information

	A&A Todd Limited is a private company limited by shares and incorporated in England. Its registered office is:
	37 West Street
	Congleton
	Cheshire
	CW12 1JN