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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 JULY 2016 |
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ALLEN BROS. (ELECTRICAL FACTORS) LIMITED |
REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 JULY 2016 |
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FOR |
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ALLEN BROS. (ELECTRICAL FACTORS) LIMITED |
ALLEN BROS. (ELECTRICAL FACTORS) LIMITED (REGISTERED NUMBER: 01039794) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 JULY 2016 |
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Company Information | 1 |
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Statement of Financial Position | 2 |
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Notes to the Financial Statements | 3 |
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ALLEN BROS. (ELECTRICAL FACTORS) LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 31 JULY 2016 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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1349/1353 London Road |
Leigh-on-Sea |
Essex |
SS9 2AB |
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SOLICITORS: |
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22 High Street |
Maldon |
Essex |
CM9 5PJ |
ALLEN BROS. (ELECTRICAL FACTORS) LIMITED (REGISTERED NUMBER: 01039794) |
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STATEMENT OF FINANCIAL POSITION |
31 JULY 2016 |
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2016 | 2015 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Property, plant and equipment | 4 |
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CURRENT ASSETS |
Inventories | 5 |
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Debtors: amounts falling due within one year | 6 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 7 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings | 8 |
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SHAREHOLDERS' FUNDS |
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The directors acknowledge their responsibilities for: |
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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. |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors on
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ALLEN BROS. (ELECTRICAL FACTORS) LIMITED (REGISTERED NUMBER: 01039794) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 JULY 2016 |
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1. | STATUTORY INFORMATION |
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Allen Bros. (Electrical Factors) Limited is a
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Wales. The company's registered number and registered office address can be found on the Company |
Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
value added tax and other sales taxes. |
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Tangible fixed assets |
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Plant and machinery | - |
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Fixtures and fittings | - |
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Motor vehicles | - |
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Computer equipment | - |
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Stocks |
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and |
slow moving items. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
statement of financial position date. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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ALLEN BROS. (ELECTRICAL FACTORS) LIMITED (REGISTERED NUMBER: 01039794) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 JULY 2016 |
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4. | PROPERTY, PLANT AND EQUIPMENT |
Fixtures |
Plant and | and | Motor | Computer |
machinery | fittings | vehicles | equipment | Totals |
£ | £ | £ | £ | £ |
COST |
At 1 August 2015 |
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Additions |
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At 31 July 2016 |
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DEPRECIATION |
At 1 August 2015 |
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Charge for year |
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At 31 July 2016 |
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NET BOOK VALUE |
At 31 July 2016 |
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At 31 July 2015 |
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5. | INVENTORIES |
2016 | 2015 |
£ | £ |
Stocks |
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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2016 | 2015 |
£ | £ |
Trade debtors |
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Other debtors |
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Deferred tax asset |
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Prepayments |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2016 | 2015 |
£ | £ |
Trade creditors |
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Tax |
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Social security and other taxes |
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Net salaries | 266 | - |
VAT | 21,535 | 17,158 |
Other creditors |
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Directors' loan accounts | 9,244 | 9,244 |
Accrued expenses |
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ALLEN BROS. (ELECTRICAL FACTORS) LIMITED (REGISTERED NUMBER: 01039794) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 JULY 2016 |
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8. | RESERVES |
Retained |
earnings |
£ |
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At 1 August 2015 |
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Profit for the year |
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Dividends | ( |
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At 31 July 2016 |
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9. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
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The company paid rent to Mr D L Allen , a director , amounting to £ 33,000 (2013 £33,000). |
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10. | RELATED PARTY DISCLOSURES |
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£33,000). |
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11. | ULTIMATE CONTROLLING PARTY |
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The Ultimate Controlling Party of the Company is Mr D L Allen and Mr C Allen. |