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A & D Scrivens Ltd.

Annual Report and Unaudited Financial Statements
Year Ended 31 March 2018

Registration number: 06538731

A & D Scrivens Ltd.

Contents

Balance Sheet	1 to 2
Notes to the Financial Statements	3 to 9

A & D Scrivens Ltd.

Balance Sheet

31 March 2018

	Note	2018 £	2017 £
Fixed assets
Intangible assets	4	-	12,000
Tangible assets	5	9,328	10,702
		9,328	22,702
Current assets
Stocks	6	2,500	2,500
Debtors	7	19,118	24,126
Cash at bank and in hand		64,229	83,690
		85,847	110,316
Creditors: Amounts falling due within one year	8	(100,610)	(91,169)
Net current (liabilities)/assets		(14,763)	19,147
Total assets less current liabilities		(5,435)	41,849
Creditors: Amounts falling due after more than one year	8	(5,978)	(11,658)
Provisions for liabilities		(622)	(892)
Net (liabilities)/assets		(12,035)	29,299
Capital and reserves
Called up share capital		100	100
Profit and loss account		(12,135)	29,199
Total equity		(12,035)	29,299

The notes on pages 3 to 9 form an integral part of these financial statements.

Page 1

A & D Scrivens Ltd.

Balance Sheet

31 March 2018

For the financial 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 of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 27 November 2018 and signed on its behalf by:
 

......................................... D J Scrivens Director

Company Registration Number: 06538731

The notes on pages 3 to 9 form an integral part of these financial statements.

Page 2

A & D Scrivens Ltd.

Notes to the Financial Statements

Year Ended 31 March 2018

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Towngate House
2-8 Parkstone Road
Poole
Dorset
BH15 2PW
England

The principal place of business is:
5 Allens Lane
Poole
Dorset
BH16 5DA
England

These financial statements were authorised for issue by the Board on 27 November 2018.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis, which assumes that the company will continue in operational existence for the foreseeable future. This depends on the continued financial support of the company's directors (and bankers).

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Page 3

A & D Scrivens Ltd.

Notes to the Financial Statements

Year Ended 31 March 2018

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	25% reducing balance basis
Office equipment	25% reducing balance basis
Motor vehicles	25% reducing balance basis

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Goodwill	10 years straight line

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Page 4

A & D Scrivens Ltd.

Notes to the Financial Statements

Year Ended 31 March 2018

Financial instruments

Classification
The company holds the following financial instruments:

• Short term trade and other debtors and creditors;
• Bank loans; and
• Cash and bank balances.

All financial instruments are classified as basic.

 Recognition and measurement
The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.

Except for bank loans, such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.

Bank loans are initially measured at transaction price, including transaction costs, and are subsequently carried at amortised cost using the effective interest method.


 

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2017 - 2).

Page 5

A & D Scrivens Ltd.

Notes to the Financial Statements

Year Ended 31 March 2018

4	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 April 2017	120,000	120,000
At 31 March 2018	120,000	120,000
Amortisation
At 1 April 2017	108,000	108,000
Amortisation charge	12,000	12,000
At 31 March 2018	120,000	120,000
Carrying amount
At 31 March 2018	-	-
At 31 March 2017	12,000	12,000