Company Registration No. 1993974 (England and Wales)
ABERYSTWYTH REMOVALS AND STORAGE LIMITED
Unaudited accounts
for the period from 1 April 2017 to 31 October 2017
ABERYSTWYTH REMOVALS AND STORAGE LIMITED
Unaudited accounts
Contents
ABERYSTWYTH REMOVALS AND STORAGE LIMITED
Company Information
for the period from 1 April 2017 to 31 October 2017
Company Number
1993974 (England and Wales)
Registered Office
Ynys Tachwedd
Ynyslas
Borth
Ceredigion
SY24 5LB
WALES
Accountants
Kyffin & Co
The Old Convent
Llanbadarn Road
Aberystwyth
Ceredigion
SY23 1WX
ABERYSTWYTH REMOVALS AND STORAGE LIMITED
Statement of financial position
as at 31 October 2017
Cash at bank and in hand
83,688
1,330
Creditors: amounts falling due within one year
(10,681)
(69,482)
Net current assets/(liabilities)
76,536
(62,342)
Called up share capital
2
2
Profit and loss account
76,534
43,953
Shareholders' funds
76,536
43,955
For the period ending 31 October 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 31 May 2018.
Mr C H Moss
Director
Company Registration No. 1993974
ABERYSTWYTH REMOVALS AND STORAGE LIMITED
Notes to the Accounts
for the period from 1 April 2017 to 31 October 2017
ABERYSTWYTH REMOVALS AND STORAGE LIMITED is a private company, limited by shares, registered in England and Wales, registration number 1993974. The registered office is Ynys Tachwedd, Ynyslas, Borth, Ceredigion, SY24 5LB, WALES.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
2% on cost
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
ABERYSTWYTH REMOVALS AND STORAGE LIMITED
Notes to the Accounts
for the period from 1 April 2017 to 31 October 2017
4
Tangible fixed assets
Land & buildings
Plant & machinery
Total
Cost or valuation
At cost
At cost
At 1 April 2017
140,115
39,156
179,271
Disposals
(140,115)
(39,156)
(179,271)
At 1 April 2017
34,034
38,940
72,974
On disposals
(34,034)
(38,940)
(72,974)
At 31 March 2017
106,081
216
106,297
5
Debtors
31/10/2017
31/03/2017
6
Creditors: amounts falling due within one year
31/10/2017
31/03/2017
Taxes and social security
9,080
10,468
Loans from directors
401
57,266
7
Share capital
31/10/2017
31/03/2017
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
8
Transactions with related parties
During the year the Company paid the following Dividends:
October March
2017 2017
£ £
Mr C H Moss 8,750 20,000
Associate of Mr C H Moss 8,750 20,000
-------- --------
17,500 40,000
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ABERYSTWYTH REMOVALS AND STORAGE LIMITED
Notes to the Accounts
for the period from 1 April 2017 to 31 October 2017
In the opinion of the Director, the ultimate controlling parties of the Company are Mr C H Moss and Mrs A S E Moss by virtue of their combined 100% shareholding.
10
Average number of employees
During the period the average number of employees was 2 (31/03/2017: 2).