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Company Registration No. 8324585 (England and Wales)
Aftermath Restoration Limited Unaudited accounts for the year ended 31 December 2017
Aftermath Restoration Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Aftermath Restoration Limited Company Information for the year ended 31 December 2017
Director
Mr Graeme Taylor
Company Number
8324585 (England and Wales)
Registered Office
8 Folldon Avenue Fulwell Sunderland Tyne & Wear SR6 9HP
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Aftermath Restoration Limited Statement of financial position as at 31 December 2017
2017 
2016 
Notes
£ 
£ 
Fixed assets
Intangible assets
4
70,500 
72,500 
Tangible assets
5
3,181 
3,880 
73,681 
76,380 
Current assets
Debtors
6
3,070 
2,620 
Cash at bank and in hand
(3,717)
(4,427)
(647)
(1,807)
Creditors: amounts falling due within one year
7
(56,186)
(51,984)
Net current liabilities
(56,833)
(53,791)
Total assets less current liabilities
16,848 
22,589 
Creditors: amounts falling due after more than one year
8
(6,723)
(14,905)
Net assets
10,125 
7,684 
Capital and reserves
Called up share capital
9
120 
120 
Profit and loss account
10,005 
7,564 
Shareholders' funds
10,125 
7,684 
For the year ending 31 December 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 28 September 2018.
Mr Graeme Taylor Director Company Registration No. 8324585
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Aftermath Restoration Limited Notes to the Accounts for the year ended 31 December 2017
1
Statutory information
Aftermath Restoration Limited is a private company, limited by shares, registered in England and Wales, registration number 8324585. The registered office is 8 Folldon Avenue, Fulwell, Sunderland, Tyne & Wear , SR6 9HP.
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.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
18%
Plant & machinery
18%
Motor vehicles
18%
Fixtures & fittings
18%
Computer equipment
18%
Other tangible fixed assets
18%
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives. Impairment of intangible fixed assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
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Aftermath Restoration Limited Notes to the Accounts for the year ended 31 December 2017
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 January 2017
80,500 
At 31 December 2017
80,500 
Amortisation
At 1 January 2017
8,000 
Charge for the year
2,000 
At 31 December 2017
10,000 
Net book value
At 31 December 2017
70,500 
At 31 December 2016
72,500 
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2017
9,140 
4,339 
109 
13,588 
At 31 December 2017
9,140 
4,339 
109 
13,588 
Depreciation
At 1 January 2017
7,035 
2,589 
84 
9,708 
Charge for the year
699 
- 
- 
699 
At 31 December 2017
7,734 
2,589 
84 
10,407 
Net book value
At 31 December 2017
1,406 
1,750 
25 
3,181 
At 31 December 2016
2,105 
1,750 
25 
3,880 
6
Debtors
2017 
2016 
£ 
£ 
Trade debtors
3,070 
2,620 
7
Creditors: amounts falling due within one year
2017 
2016 
£ 
£ 
Bank loans and overdrafts
7,582 
7,582 
Trade creditors
487 
487 
Taxes and social security
3,826 
2,905 
Loans from directors
44,291 
41,010 
56,186 
51,984 
8
Creditors: amounts falling due after more than one year
2017 
2016 
£ 
£ 
Bank loans
6,723 
14,905 
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Aftermath Restoration Limited Notes to the Accounts for the year ended 31 December 2017
9
Share capital
2017 
2016 
£ 
£ 
Allotted, called up and fully paid:
120 Ordinary shares of £1 each
120 
120 
10
Average number of employees
During the year the average number of employees was 0 (2016: 0).
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