ABEL CERAMIC & MARBLE LTD
|
Registered Number
:
02582634
|
For the year ended 31 March 2018
England and Wales
Unaudited Financial Statements
For the year ended 31 March 2018
ABEL CERAMIC & MARBLE LTD
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
ABEL CERAMIC & MARBLE LTD
Statement of Financial Position
31/3/2017
31/3/2018
Property
,
plant and equipment
|
11,470
15,260
2
11,470
15,260
58,477
-
3
Trade and other receivables
|
6,082
502
4
5
Cash and cash equivalents
|
82
584
64,564
Trade and other payables
:
amounts falling due within one year
|
(68,381)
(46,247)
5
(3,817)
(45,663)
Net current liabilities
Total assets less current liabilities
|
(34,193)
11,443
(34,193)
Net assets/liabilities
11,443
100
100
(34,293)
11,343
(34,193)
11,443
Shareholders' funds
For the year ended 31 March 2018 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 of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006
|
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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
.
|
In accordance with Section
444
of the Companies Act
2006
,
the Income Statement has not been delivered
.
|
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
|
These financial statements were approved and authorised for issue by the Board on 21 September 2018 and were signed by:
|
The notes form part of these financial statements
|
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For the year ended 31 March 2018
ABEL CERAMIC & MARBLE LTD
Notes to the Financial Statements
Statutory Information
ABEL CERAMIC
&
MARBLE LTD is a private limited company
,
limited by shares
,
domiciled in England and Wales
,
registration
|
number
02582634
.
|
Unit 2 M3 Trade Park
Manor Wat
Eastleigh
Hants
SO50 9YA
The presentation currency is £ sterling
.
|
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section
1
A 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 costs convention as modified by the revaluation of certain
|
assets
.
|
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
|
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
|
Plant and machinery
Computer equipment
Motor vehicles
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
|
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
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For the year ended 31 March 2018
ABEL CERAMIC & MARBLE LTD
Notes to the Financial Statements Continued
2
.
Property
,
plant and equipment
|
Motor vehicles
104,687
3,057
10,347
91,283
91,283
10,347
3,057
104,687
Provision for depreciation and impairment
|
89,427
2,057
9,387
77,983
Charge for year
3,790
250
240
3,300
93,217
2,307
9,627
81,283
10,000
720
750
11,470
13,300
960
1,000
15,260
31/3/2017
31/3/2018
-
58,477
4
.
Trade and other receivables
|
31/3/2017
31/3/2018
-
6,082
502
-
6,082
502
5
.
Trade and other payables
:
amounts falling due within one year
|
31/3/2017
31/3/2018
-
11,375
-
6,053
Taxation and social security
|
-
2,747
46,247
48,206
46,247
68,381
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