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REGISTERED NUMBER: 05367848 (England and Wales)




















Unaudited Financial Statements

for the Year Ended 31 March 2018

for

AA & IC Carpentry Limited

AA & IC Carpentry Limited (Registered number: 05367848)






Contents of the Financial Statements
for the Year Ended 31 March 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


AA & IC Carpentry Limited

Company Information
for the Year Ended 31 March 2018







DIRECTORS: I L Neal
Mrs C Neal





SECRETARY: Mrs C Neal





REGISTERED OFFICE: Field Cottage
Main Road
Christian Malford
Chippenham
Wiltshire
SN15 4DA





REGISTERED NUMBER: 05367848 (England and Wales)

AA & IC Carpentry Limited (Registered number: 05367848)

Balance Sheet
31 March 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 106,455 133,397

CURRENT ASSETS
Debtors 5 136,679 190,649
Cash at bank and in hand 364,116 371,654
500,795 562,303
CREDITORS
Amounts falling due within one year 6 144,093 194,876
NET CURRENT ASSETS 356,702 367,427
TOTAL ASSETS LESS CURRENT
LIABILITIES

463,157

500,824

PROVISIONS FOR LIABILITIES 725 8,080
NET ASSETS 462,432 492,744

CAPITAL AND RESERVES
Called up share capital 50 50
Capital redemption reserve 50 50
Retained earnings 462,332 492,644
SHAREHOLDERS' FUNDS 462,432 492,744

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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 15 June 2018 and were signed on its behalf by:




I L Neal - Director



Mrs C Neal - Director


AA & IC Carpentry Limited (Registered number: 05367848)

Notes to the Financial Statements
for the Year Ended 31 March 2018

1. STATUTORY INFORMATION

AA & IC Carpentry 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.

The financial statement are presented in Sterling which is the functional currency of the company and rounded to
the nearest £.

Turnover
Revenue is measured at the fair value of the consideration received or receivable and represents the amount
receivable for goods supplied or services rendered, net of returns, discounts and rebates allowed by the
company and value added taxes.

Work done
Turnover is usually recognised on completion of the service. For engagements that span the year end turnover is
recognised by reference to the stage of completion at the balance sheet date.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - 10% on straight line basis
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Tangible fixed assets are stated at cost or valuation less accumulated depreciation and accumulated impairment
losses. Cost includes costs directly attributable to making the asset capable of operating as intended by
management.

Tangible assets are derecognised on disposal or when no future economic benefits are expected. On disposal,
the difference between the net disposal proceeds and the carrying amount is recognised in profit or loss.

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.

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.

Cash and cash equivalents
Cash and cash equivalents includes cash in hand, deposits held at call with banks and other short-term highly
liquid investments with original maturities of three months or less.

AA & IC Carpentry Limited (Registered number: 05367848)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2018

2. ACCOUNTING POLICIES - continued

Debtors and creditors
Debtors and creditors with no stated interest rate and receivable and payable within one year are recorded at
transaction price. Any losses arising from impairment are recognised in the profit and loss account in other
administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2017 - 5 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Long and Motor
leasehold fittings vehicles Totals
£    £    £    £   
COST
At 1 April 2017 13,104 14,345 123,147 150,596
Additions 1,480 665 24,000 26,145
Disposals - - (21,022 ) (21,022 )
At 31 March 2018 14,584 15,010 126,125 155,719
DEPRECIATION
At 1 April 2017 1,311 10,756 5,132 17,199
Charge for year 1,411 1,063 30,467 32,941
Eliminated on disposal - - (876 ) (876 )
At 31 March 2018 2,722 11,819 34,723 49,264
NET BOOK VALUE
At 31 March 2018 11,862 3,191 91,402 106,455
At 31 March 2017 11,793 3,589 118,015 133,397

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors 132,487 174,607
VAT 4,192 16,042
136,679 190,649

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade creditors 104,515 141,655
Taxation and social security 30,328 44,221
Other creditors 9,250 9,000
144,093 194,876