A+ Financial Services Limited - Filleted accounts

Registered number

04361791

A+ Financial Services Limited

Filleted Accounts

30 April 2017

A+ Financial Services Limited
Registered number:		04361791
Balance Sheet
as at 30 April 2017

Notes			2017			2016
£				£
Fixed assets
Tangible assets	3		405,601			405,601

Current assets
Debtors	4	292,575			319,934
Cash at bank and in hand		45,324			4,253
		337,899			324,187

Creditors: amounts falling due within one year	5	(397,862)			(503,757)

Net current liabilities			(59,963)			(179,570)

Total assets less current liabilities			345,638			226,031

Creditors: amounts falling due after more than one year	6		(163,946)			(117,455)



Net assets			181,692			108,576

Capital and reserves
Called up share capital			1			1
Revaluation reserve	7		200,000			200,000
Profit and loss account			(18,309)			(91,425)

Shareholders' funds			181,692			108,576

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Stephen Grail
Director
Approved by the board on 22 December 2017

A+ Financial Services Limited
Notes to the Accounts
for the year ended 30 April 2017


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	25% reducing balance

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Going concern
	The directors have assessed whether the company is a going concern and have considered all available information about the future and are confident of the company's ability to continue as a going concern


2	Employees			2017		2016
Number					Number

	Average number of persons employed by the company			4		4


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Total
£			£		£
	Cost
	At 1 May 2016	405,600		30,600		436,200
	At 30 April 2017	405,600		30,600		436,200

	Depreciation
	At 1 May 2016	-		30,599		30,599
	At 30 April 2017	-		30,599		30,599

	Net book value
	At 30 April 2017	405,600		1		405,601
	At 30 April 2016	405,600		1		405,601


	Freehold land and buildings:			2017		2016
£					£
	Historical cost			300,000		300,000
	Cumulative depreciation based on historical cost			-		-
				300,000		300,000


4	Debtors			2017		2016
£					£

	Trade debtors			257,875		281,650
	Other debtors			34,700		38,284
				292,575		319,934


5	Creditors: amounts falling due within one year			2017		2016
£					£

	Bank loans and overdrafts			33,509		8,591
	Trade creditors			17,983		92,104
	Amounts owed to group undertakings and undertakings in which the company has a participating interest			270,863		317,366
	Director's loan account			69,405		76,269
	Other creditors			6,102		9,427
				397,862		503,757


6	Creditors: amounts falling due after one year			2017		2016
£					£

	Bank loans			163,946		117,455


7	Revaluation reserve			2017		2016
£					£

	At 1 May 2016			200,000		200,000

	At 30 April 2017			200,000		200,000


8	Related party transactions

	Included in other debtors are amounts due by companies, Electric Information Ltd £ 196 ( 2016: £ 196) and Protection Select Ltd £ 600 ( 2016: £ 600) with common directorship and control.


9	Controlling party

	The company's ultimate parent company is Grosvenor Private Finance Limited, a company incorporated in England and Wales.


10	Other information

	A+ Financial Services Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Unit 16 Sovereign Park, Cleveland Way
	Hemel Hempstead Industrial Estate
	Hemel Hempstead
	Hertfordshire
	HP2 7DA