Company Registration No. 03951139 (England and Wales)
ASD Properties (Southampton) Limited
Unaudited accounts
for the year ended 31 March 2017
ASD Properties (Southampton) Limited
Unaudited accounts
Contents
ASD Properties (Southampton) Limited
Company Information
for the year ended 31 March 2017
Secretary
Elaine Helen Smith
Company Number
03951139 (England and Wales)
Registered Office
5 SAINT DENYS ROAD
SOUTHAMPTON
HAMPSHIRE
SO17 2GN
Accountants
Sharma and Company
5 St Denys Road
Portswood
Southampton
Hampshire
SO17 2GN
ASD Properties (Southampton) Limited
Statement of financial position
as at
31 March 2017
Cash at bank and in hand
3,197
2,465
Creditors: amounts falling due within one year
(30,307)
(15,422)
Net current assets
299
185
Called up share capital
10
10
Profit and loss account
289
175
Shareholders' funds
299
185
For the year ending 31 March 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 17 November 2017.
Anil Singh
Director
Company Registration No. 03951139
ASD Properties (Southampton) Limited
Notes to the Accounts
for the year ended 31 March 2017
ASD Properties (Southampton) Limited is a private company, limited by shares, registered in England and Wales, registration number 03951139. The registered office is 5 SAINT DENYS ROAD, SOUTHAMPTON, HAMPSHIRE, SO17 2GN. The principal place of business is 49 Southern Road, West End, Southampton, Hampshire, SO30 3EW, England.
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.
These financial statements for the year ended 31 March 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 2015.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
Computer equipment
25% pa
4
Tangible fixed assets
Computer equipment
Cost or valuation
At cost
ASD Properties (Southampton) Limited
Notes to the Accounts
for the year ended 31 March 2017
Trade debtors
27,409
13,142
6
Creditors: amounts falling due within one year
2017
2016
Taxes and social security
4,116
2,500
Other creditors
11,732
11,543
Loans from directors
14,459
1,379
7
Share capital
2017
2016
Allotted, called up and fully paid:
10 Ordinary shares of £1 each
10
10
The company was under the control of E Smith throughout the current year. E Smith is the majority shareholder.
9
Average number of employees
During the year the average number of employees was 1 (2016: 1).