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REGISTERED NUMBER: 06540279 (England and Wales)















Financial Statements

for the Year Ended 31 March 2017

for

A & S Nevin (Guildford) Ltd

A & S Nevin (Guildford) Ltd (Registered number: 06540279)






Contents of the Financial Statements
for the Year Ended 31 March 2017




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


A & S Nevin (Guildford) Ltd

Company Information
for the Year Ended 31 March 2017







DIRECTORS: S T Nevin
G E Nevin





REGISTERED OFFICE: Chancery House
30 St Johns Road
Woking
Surrey
GU21 7SA





REGISTERED NUMBER: 06540279 (England and Wales)





ACCOUNTANTS: Barnbrook Sinclair
Chartered Accountants
Chancery House
30 St Johns Road
Woking
Surrey
GU21 7SA

A & S Nevin (Guildford) Ltd (Registered number: 06540279)

Statement of Financial Position
31 March 2017

31/3/17 31/3/16
Notes £    £   
FIXED ASSETS
Tangible assets 5 3,047 4,062

CURRENT ASSETS
Stocks 64,900 6,525
Debtors 6 407 116
Cash at bank 619 6,060
65,926 12,701
CREDITORS
Amounts falling due within one year 7 (72,218 ) (22,893 )
NET CURRENT LIABILITIES (6,292 ) (10,192 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(3,245

)

(6,130

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (3,345 ) (6,230 )
SHAREHOLDERS' FUNDS (3,245 ) (6,130 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 13 December 2017 and were signed on its behalf
by:





S T Nevin - Director


A & S Nevin (Guildford) Ltd (Registered number: 06540279)

Notes to the Financial Statements
for the Year Ended 31 March 2017

1. STATUTORY INFORMATION

A & S Nevin (Guildford) Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared on a going concern basis as the directors have undertaken to
provide the necessary financial support to enable trading to continue in the foreseeable future.

First year adoption of Financial Reporting Standard 102 ( FRS 102) Section 1A
These financial statements for the year ended 31 March 2017 are the first that are prepared in accordance with
FRS 102 Section 1A. The previous financial statements were prepared in accordance with UK GAAP, the date of
transition to FRS 102 Section 1A is 1 April 2015.

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.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

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 statement of financial position date.


A & S Nevin (Guildford) Ltd (Registered number: 06540279)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2017

3. ACCOUNTING POLICIES - continued
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.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2016 - 3 ) .

5. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
Cost
At 1 April 2016
and 31 March 2017 1,487 9,275 10,762
Depreciation
At 1 April 2016 1,338 5,362 6,700
Charge for year 37 978 1,015
At 31 March 2017 1,375 6,340 7,715
Net book value
At 31 March 2017 112 2,935 3,047
At 31 March 2016 149 3,913 4,062

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/17 31/3/16
£    £   
Other debtors 407 116

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/17 31/3/16
£    £   
Trade creditors 5,922 879
Taxation and social security 187 53
Other creditors 66,109 21,961
72,218 22,893