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dpl-frs:CostSales dpl-frs:Item12 2016-03-31 07031707 dpl-frs:CostSales dpl-frs:Item12 2017-03-31 07031707 dpl-frs:DistributionCosts dpl-frs:Item12 2016-04-01 2017-03-31 07031707 dpl-frs:AdministrativeExpenses dpl-frs:Item12 2016-04-01 2017-03-31 07031707 1 2016-04-01 2017-03-31 07031707 frs-countries:EnglandWales 2016-04-01 2017-03-31
Registered number: 07031707
A & R Tailoring & Dress Decorating Ltd
Financial Statements
For The Year Ended 31 March 2018
Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Balance Sheet
Registered number: 07031707
2018 2017
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 3 567 757
567 757
CURRENT ASSETS
Debtors 4 2,253 2,940
Cash at bank and in hand 10,178 10,923
12,431 13,863
Creditors: Amounts Falling Due Within One Year 5 (7,955 ) (12,518 )
NET CURRENT ASSETS (LIABILITIES) 4,476 1,345
TOTAL ASSETS LESS CURRENT LIABILITIES 5,043 2,102
NET ASSETS 5,043 2,102
CAPITAL AND RESERVES
Called up share capital 6 1,000 1,000
Profit and Loss Account 4,043 1,102
SHAREHOLDERS' FUNDS 5,043 2,102
Page 1
For the year ending 31 March 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
  • The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Ms Maria Rosa Alvarez Garcia
16/10/2018

The notes on pages 3 to 5 form part of these financial statements.
Page 2
Notes to the Financial Statements
1. Accounting Policies
1.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.

1.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% Reducing Balance Method
Computer Equipment 25% Reducing Balance Method
1.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Page 3
2. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 2
3. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 April 2017 1,514 596 2,110
As at 31 March 2018 1,514 596 2,110
Depreciation
As at 1 April 2017 1,204 149 1,353
Provided during the period 78 112 190
As at 31 March 2018 1,282 261 1,543
Net Book Value
As at 31 March 2018 232 335 567
As at 1 April 2017 310 447 757
4. Debtors
2018 2017
£ £
Due within one year
Trade debtors 2,253 2,940
2,253 2,940
5. Creditors: Amounts Falling Due Within One Year
2018 2017
£ £
Corporation tax 6,767 10,383
Accruals and deferred income 755 750
Directors' loan accounts 433 1,385
7,955 12,518
Page 4
6. Share Capital
2018 2017
Allotted, Called up and fully paid 1,000 1,000
7. Directors Advances, Credits and Guarantees
During the year under review the company had related party transactions with its directors Mr A Nelson and Ms R Alvarez_Garcia. These transactions were limited to interest free loans made to the Company. At the close of business on 31st March 2018 the company owed the directors £432 and (2017 £1,385).
8. General Information
A & R Tailoring & Dress Decorating Ltd Registered number 07031707 is a limited by shares company incorporated in England & Wales. The Registered Office is 26 , Elm Gardens, Mitcham, Surrey, CR4 1LY.
Page 5