REGISTERED NUMBER: 06489604 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 January 2018

for

A & G Carpentry Solutions Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

A Rauba

G Lingaitis

SECRETARY:

REGISTERED OFFICE:

46 Denziloe Avenue

Uxbridge

London

UB10 0EE

REGISTERED NUMBER:

06489604 (England and Wales)

ACCOUNTANTS:

Clearword Limited

1 Wrexham Road

Laindon

Basildon

Essex

SS15 6PX

FIXED ASSETS

Tangible assets

4

15,447

28,162

CURRENT ASSETS

Stocks

5

8,132

10,041

Debtors

6

34,482

52,503

Cash at bank

164,335

157,313

206,949

219,857

CREDITORS

Amounts falling due within one year

7

68,638

98,349

NET CURRENT ASSETS

138,311

121,508

TOTAL ASSETS LESS CURRENT LIABILITIES

153,758

149,670

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

9

153,658

149,570

SHAREHOLDERS' FUNDS

153,758

149,670

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 19 July 2018 and were signed on its behalf by:

A Rauba - Director

G Lingaitis - Director

1.	STATUTORY INFORMATION

A & G Carpentry Solutions Ltd 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance and 20% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in

bringing stocks to their present location and condition.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 February 2017

44,015

8,065

52,080

Additions

-

6,697

6,697

Disposals

(34,500

)

-

(34,500

)

At 31 January 2018

9,515

14,762

24,277

DEPRECIATION

At 1 February 2017

21,632

2,286

23,918

Charge for year

1,522

3,119

4,641

Charge written back

(19,729

)

-

(19,729

)

At 31 January 2018

3,425

5,405

8,830

NET BOOK VALUE

At 31 January 2018

6,090

9,357

15,447

At 31 January 2017

22,383

5,779

28,162

5.

STOCKS

31.1.18

31.1.17

£

£

Work-in-progress

8,132

10,041

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.18

31.1.17

£

£

Trade debtors

34,482

52,503

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.18

31.1.17

£

£

Trade creditors

30,263

4,701

Tax

22,569

28,014

Social security and other taxes

(71,550

)

(78,269

)

VAT

53,719

96,099

Other creditors

27,273

40,000

Directors' current accounts

6,364

7,804

68,638

98,349

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.18

31.1.17

value:

£

£

100

Ordinary Shares

£1

100

100

9.

RESERVES

Retained

earnings

£

At 1 February 2017

149,570

Profit for the year

94,088

Dividends

(90,000

)

At 31 January 2018

153,658

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date the Company owed £3,090 (2017 - £5,498) to its Director Mr A Rauba and £3,274

(2017 - £2,306) to its Director G Lingaitis.

11.	ULTIMATE CONTROLLING PARTY

The controlling party is A Rauba.

The ultimate controlling party is G Lingaitis.