Registered number: 04340961 | ||||||||
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FOR THE YEAR ENDED 31/12/2017 | ||||||||
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Prepared By: | ||||||||
Geoffrey Hannam | ||||||||
Chartered Accountant | ||||||||
103, Castle Street | ||||||||
Edgeley | ||||||||
Stockport | ||||||||
Cheshire | ||||||||
SK3 9AR |
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Alliance Door Engineering Limited | ||||||||
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UNAUDITED ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31/12/2017 | ||||||||
DIRECTORS | ||||||||
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SECRETARY | ||||||||
0 | ||||||||
REGISTERED OFFICE | ||||||||
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Lancashire | ||||||||
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COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number 04340961 | ||||||||
ACCOUNTANTS | ||||||||
Geoffrey Hannam | ||||||||
Chartered Accountant | ||||||||
103, Castle Street | ||||||||
Edgeley | ||||||||
Stockport | ||||||||
Cheshire | ||||||||
SK3 9AR |
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Alliance Door Engineering Limited | ||||||||
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UNAUDITED ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31/12/2017 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Directors' Report | - | |||||||
Accountants' Report | - | |||||||
Statement Of Comprehensive Income | - | |||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
The following do not form part of the statutory financial statements: | ||||||||
Trading And Profit And Loss Account | - | |||||||
Profit And Loss Account Summaries | - |
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Alliance Door Engineering Limited | ||||||||
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BALANCE SHEET AT
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2017 | 2016 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 2 |
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CURRENT ASSETS | ||||||||||
Stock |
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Debtors | 4 |
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Cash at bank and in hand |
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886,340 | 589,160 | |||||||||
CREDITORS: Amounts falling due within one year | 5 |
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NET CURRENT ASSETS |
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156,246 | ||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES |
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CREDITORS: Amounts falling due after more than one year | 6 | 64,991 | 47,255 | |||||||
PROVISIONS FOR LIABILITIES AND CHARGES | 8 |
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NET ASSETS |
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CAPITAL AND RESERVES | ||||||||||
Called up share capital | 9 |
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Capital redemption reserve | 10 |
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Profit and loss account | 393,465 | 230,539 | ||||||||
SHAREHOLDERS' FUNDS |
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Approved by the board on
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............................. | ||||||||||
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Director | ||||||||||
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Alliance Door Engineering Limited | ||||||||
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NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 31/12/2017 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting FRS | ||||||||
The financial statements have been prepared under the historical cost convention. | ||||||||
These financial statement have been prepared in compliance with FRS 102- The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006. All results relate to continuing operations. |
1b. Depreciation | ||||||||
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Plant and Machinery | reducing balance 25% | |||||||
Commercial Vehicles | reducing balance 25% | |||||||
Fixtures and Fittings | reducing balance 15% | |||||||
Equipment | reducing balance 33% |
1c. Stocks | ||||||||
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs. | ||||||||
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs. |
1d. Pension Costs | ||||||||
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme. |
1e. Investments | ||||||||
Fixed asset investments are shown at cost less amounts written off. | ||||||||
Provisions are made for permanent fluctuations in value. |
1f. Leases | ||||||||
Rentals payable under operating leases are charged to the profit and loss account on a straight-line basis over the term of the lease. Assets held under finance leases, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and are depreciated over their useful lives The capital element of future obligations under the lease is included as a liability in the balance sheet The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding. For sale and leaseback agreements the commercial substance of the leaseback is taken into account when deciding on the correct accounting treatment For sale and leaseback agreements which are of a rental nature ("operating leases") any profit or loss on disposal is recognised immediately in the profit and loss account. Incentives received to enter into a lease agreement are recognised in the profit and loss account over the shorter of the lease term and the period to the next lease review. |
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Alliance Door Engineering Limited | ||||||||
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2. TANGIBLE FIXED ASSETS | ||||||||||
Plant and | Commercial | Fixtures | ||||||||
Machinery | Vehicles | and Fittings | Equipment | Total | ||||||
£ | £ | £ | £ | £ | ||||||
Cost | ||||||||||
At 01/01/2017 | 108,445 | 176,951 | 12,294 | 9,030 | 306,720 | |||||
Additions | - | 85,465 | - | 698 | 86,163 | |||||
Disposals | - | (82,645) | - | - | (82,645) | |||||
At 31/12/2017 | 108,445 | 179,771 | 12,294 | 9,728 | 310,238 | |||||
Depreciation | ||||||||||
At 01/01/2017 | 94,771 | 71,156 | 4,489 | 6,327 | 176,743 | |||||
Disposals | - | (45,204) | - | - | (45,204) | |||||
For the year | 3,419 | 27,787 | 1,171 | 1,097 | 33,474 | |||||
At 31/12/2017 | 98,190 | 53,739 | 5,660 | 7,424 | 165,013 | |||||
Net Book Amounts | ||||||||||
At 31/12/2017 |
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145,225 | |||||
At 31/12/2016 |
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129,977 | |||||
3. STOCK | 2017 | 2016 | ||||
£ | £ | |||||
Stock comprises: | ||||||
Stock |
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4. DEBTORS | 2017 | 2016 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Trade debtors | 527,332 | 401,443 | ||||||
Other debtors | 2,720 | 2,720 | ||||||
Prepayments | 11,277 | 7,848 | ||||||
541,329 | 412,011 | |||||||
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Alliance Door Engineering Limited | ||||||||
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5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2017 | 2016 | |||||||
£ | £ | |||||||
UK corporation tax | 46,345 | 36,583 | ||||||
VAT | 30,099 | 35,525 | ||||||
PAYE control | 21,186 | 11,442 | ||||||
Directors current account | 45,498 | 51,187 | ||||||
Finance lease and HP Contracts | 39,423 | 38,882 | ||||||
Trade creditors | 369,489 | 251,444 | ||||||
Other creditors | 6,224 | 512 | ||||||
Accruals | 8,555 | 7,339 | ||||||
566,819 | 432,914 | |||||||
6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||||||||
2017 | 2016 | |||||||
£ | £ | |||||||
Finance Lease and HP Contracts >1yr | 64,991 | 47,255 | ||||||
64,991 | 47,255 | |||||||
7. EMPLOYEES | ||||||
2017 | 2016 | |||||
No. | No. | |||||
Average number of employees | 20 | 25 | ||||
8. PROVISIONS FOR LIABILITIES | 2017 | 2016 | ||||||
£ | £ | |||||||
Deferred taxation | 6,190 | 8,329 | ||||||
6,190 | 8,329 | |||||||
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Alliance Door Engineering Limited | ||||||||
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9. SHARE CAPITAL | 2017 | 2016 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
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50 | 50 | ||||||
50 | 50 | |||||||
10. OTHER RESERVES | 2017 | 2016 | ||||
£ | £ | |||||
Capital redemption reserve | 50 | 50 | ||||
50 | 50 | |||||