A & J Plastering Limited - Accounts to registrar

REGISTERED NUMBER: 06559268 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2017

for

A & J Plastering Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A Jones

J Jones

REGISTERED OFFICE:

403 Worsley Road

Eccles

Greater Manchester

M30 8HU

REGISTERED NUMBER:

06559268 (England and Wales)

ACCOUNTANTS:

Robbins

176 Monton Road

Monton

Greater Manchester

M30 9GA

FIXED ASSETS

Property, plant and equipment

4

9,526

2,814

CURRENT ASSETS

Debtors

5

40,566

45,412

Cash at bank

16,626

23,514

57,192

68,926

CREDITORS

Amounts falling due within one year

6

40,682

49,652

NET CURRENT ASSETS

16,510

19,274

TOTAL ASSETS LESS CURRENT
LIABILITIES

26,036

22,088

CREDITORS

Amounts falling due after more than one
year

7

(417

)

-

PROVISIONS FOR LIABILITIES

(1,905

)

(563

)

NET ASSETS

23,714

21,525

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

23,614

21,425

SHAREHOLDERS' FUNDS

23,714

21,525

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 16 June 2017 and were signed on its behalf by:

A Jones - Director

1.	STATUTORY INFORMATION

A & J Plastering 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

Revenue 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

-

20% on cost

Motor vehicles

-

20% on cost

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 .

4.	PROPERTY, PLANT AND EQUIPMENT

Plant and

Motor

machinery

vehicles

Totals

£

COST

At 1 April 2016

6,595

11,259

17,854

Additions

-

10,380

Disposals

-

(3,400

)

(3,400

)

At 31 March 2017

6,595

18,239

24,834

DEPRECIATION

At 1 April 2016

6,595

8,445

15,040

Charge for year

-

3,385

Eliminated on disposal

-

(3,117

)

(3,117

)

At 31 March 2017

6,595

8,713

15,308

NET BOOK VALUE

At 31 March 2017

-

9,526

At 31 March 2016

-

2,814

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

Motor

vehicles

£

COST

Additions

7,380

At 31 March 2017

7,380

DEPRECIATION

Charge for year

1,230

At 31 March 2017

1,230

NET BOOK VALUE

At 31 March 2017

6,150

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

Trade debtors

12,636

23,834

Other debtors

27,930

21,578

40,566

45,412

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

Hire purchase contracts

2,501

-

Trade creditors

9,506

10,195

Taxation and social security

26,591

25,999

Other creditors

2,084

13,458

40,682

49,652

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.3.17

31.3.16

£

Hire purchase contracts

417

-

8.	RELATED PARTY DISCLOSURES

A Jones and J Jones directors of the company each own 50% of the issued share capital.

Included in creditors are loans advanced from the directors totalling £336 (2016 - £7,882), the loans are interest

free, and repayable on demand.

9.	ULTIMATE CONTROLLING PARTY

A Jones and J Jones directors of the company each have 50% of the issued share capital.