| A & N Poolservices Limited |
|
| Chartered Accountants' report to the board of directors on the preparation of the unaudited abbreviated accounts of A & N Poolservices Limited for the year ended 30 September 2013 |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated accounts of A & N Poolservices Limited for the year ended 30 September 2013 which comprise of 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 Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at
icaew.com/membershandbook. |
| Our work has been undertaken in accordance with AAF 2/10 as detailed at icaew.com/compilation. |
|
| Cochrane & Co Accountants Limited |
| Chartered Accountants |
| 38 Kings Road |
| Lee-on-the-Solent |
| Hampshire |
| PO13 9NU |
|
| 18 June 2014 |
|
| A & N Poolservices Limited |
| Registered number: |
07021089 |
| Abbreviated Balance Sheet |
| as at 30 September 2013 |
|
| Notes |
|
|
2013 |
|
|
2012 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
2 |
|
|
21,380 |
|
|
33,798 |
|
| Current assets |
| Stocks |
|
|
10,000 |
|
|
10,000 |
| Debtors |
|
|
30,867 |
|
|
25,809 |
| Cash at bank and in hand |
|
|
10 |
|
|
9,685 |
|
|
|
40,877 |
|
|
45,494 |
|
| Creditors: amounts falling due within one year |
|
|
(58,112) |
|
|
(28,105) |
|
| Net current (liabilities)/assets |
|
|
|
(17,235) |
|
|
17,389 |
|
| Total assets less current liabilities |
|
|
|
4,145 |
|
|
51,187 |
|
| Creditors: amounts falling due after more than one year |
|
|
|
(28,405) |
|
|
(43,679) |
|
| Provisions for liabilities |
|
|
|
(3,102) |
|
|
(5,328) |
|
|
| Net (liabilities)/assets |
|
|
|
(27,362) |
|
|
2,180 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
4 |
|
|
3 |
|
|
3 |
| Profit and loss account |
|
|
|
(27,365) |
|
|
2,177 |
|
| Shareholders' funds |
|
|
|
(27,362) |
|
|
2,180 |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| Members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges her 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 in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
| A Formoy |
| Director |
| Approved by the board on 23 May 2014 |
|
| A & N Poolservices Limited |
| Notes to the Abbreviated Accounts |
| for the year ended 30 September 2013 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). |
|
|
Going concern |
|
Despite the negative balance sheet position, the director has prepared the accounts on a going concern basis as she is confident that due to increased profitability and trading, the deficit will be addressed in full in the following year. |
|
|
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. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Plant and machinery |
20% straight line |
|
Motor vehicles |
25% straight line |
|
|
Stocks |
|
Stock is valued at the lower of cost and net realisable value. |
|
|
Deferred taxation |
|
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse. |
|
|
Leasing and hire purchase commitments |
|
Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability.
The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.
Rentals paid under operating leases are charged to income on a straight line basis over the lease term. |
|
|
| 2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 October 2012 |
54,898 |
|
Additions |
956 |
|
At 30 September 2013 |
55,854 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 October 2012 |
21,100 |
|
Charge for the year |
13,374 |
|
At 30 September 2013 |
34,474 |
|
|
|
|
|
|
|
|
Net book value |
|
At 30 September 2013 |
21,380 |
|
At 30 September 2012 |
33,798 |
|
|
|
|
|
|
|
|
| 3 |
Loans |
2013 |
|
2012 |
| £ |
£ |
|
Creditors include: |
|
Secured bank loans |
13,461 |
|
19,410 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Share capital |
Nominal |
|
2013 |
|
2013 |
|
2012 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
3 |
|
3 |
|
3 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Loans to directors |
|
Description and conditions |
B/fwd |
Paid |
Repaid |
C/fwd |
| £ |
£ |
£ |
£ |
|
A Formoy |
|
Loan account |
8,459 |
|
69,000 |
|
(100,866) |
|
(23,407) |
|
|
|
8,459 |
|
69,000 |
|
(100,866) |
|
(23,407) |
|
|
|
|
|
|
|
|
|