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Unaudited Financial Statements |
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for the Year Ended 31st December 2017 |
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for |
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ALDERCLAD LTD |
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REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Year Ended 31st December 2017 |
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for |
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ALDERCLAD LTD |
ALDERCLAD LTD (REGISTERED NUMBER: 05637732) |
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Contents of the Financial Statements |
for the Year Ended 31st December 2017 |
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Page |
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Company Information | 1 |
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Abridged Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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Accountants' Report | 8 |
ALDERCLAD LTD |
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Company Information |
for the Year Ended 31st December 2017 |
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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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43 Coniscliffe Road |
Darlington |
Co. Durham |
DL3 7EH |
ALDERCLAD LTD (REGISTERED NUMBER: 05637732) |
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Abridged Balance Sheet |
31st December 2017 |
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31/12/17 | 31/12/16 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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Investments | 5 |
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Investment property | 6 |
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CURRENT ASSETS |
Stocks |
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Debtors |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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PROVISIONS FOR LIABILITIES |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital |
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Revaluation reserve | 8 |
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Capital redemption reserve |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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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. |
ALDERCLAD LTD (REGISTERED NUMBER: 05637732) |
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Abridged Balance Sheet - continued |
31st December 2017 |
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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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ALDERCLAD LTD (REGISTERED NUMBER: 05637732) |
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Notes to the Financial Statements |
for the Year Ended 31st December 2017 |
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1. | STATUTORY INFORMATION |
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Alderclad Ltd is a
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registered number and registered office address can be found on the Company Information page. |
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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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The financial statements have been prepared under the going concern basis of accounting. |
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Turnover |
Turnover represents net invoiced sales of goods and services, excluding value added tax, except in respect of |
contracting activities, where turnover represents the value of work carried out during the year, including amounts |
not yet invoiced, excluding value added tax. |
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Tangible fixed assets |
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Freehold property | - |
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Plant & machinery | - |
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Racehorses | - |
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Fixtures and fittings | - |
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Motor vehicles | - |
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Computer equipment | - |
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Investment property |
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in |
fair value is recognised in profit or loss. |
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Stocks |
Stocks 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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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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ALDERCLAD LTD (REGISTERED NUMBER: 05637732) |
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Notes to the Financial Statements - continued |
for the Year Ended 31st December 2017 |
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2. | ACCOUNTING POLICIES - continued |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
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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. |
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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. |
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Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the |
lease. |
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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. |
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Profit |
Operating profit comprises the results of contracting. It includes the results attributable to contracts completed |
and long-term contracts in progress after deducting amounts recognised in previous years. |
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Fixed asset investments |
Fixed asset investments are revalued at the end of each accounting period and all movements transferred at fair |
value through the profit and loss account. |
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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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4. | TANGIBLE FIXED ASSETS |
Totals |
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COST |
At 1st January 2017 |
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Additions |
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Disposals | ( |
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At 31st December 2017 |
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DEPRECIATION |
At 1st January 2017 |
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Charge for year |
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Eliminated on disposal | ( |
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At 31st December 2017 |
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NET BOOK VALUE |
At 31st December 2017 |
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At 31st December 2016 |
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ALDERCLAD LTD (REGISTERED NUMBER: 05637732) |
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Notes to the Financial Statements - continued |
for the Year Ended 31st December 2017 |
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5. | FIXED ASSET INVESTMENTS |
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Information on investments other than loans is as follows: |
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COST OR VALUATION | £ |
At 1 January 2017 | 233,272 |
Disposals | (238,753 | ) |
Revaluations | 5,481 |
At 31 December 2017 | - |
NET BOOK VALUE |
At 31 December 2017 | - |
At 31 December 2016 | 233,272 |
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If fixed asset investments had not been revalued they would have been included at the following historical cost: |
31/12/17 | 31/12/16 |
£ | £ |
Cost | - | 150,000 |
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6. | INVESTMENT PROPERTY |
Total |
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FAIR VALUE |
At 1st January 2017 |
and 31st December 2017 |
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NET BOOK VALUE |
At 31st December 2017 |
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At 31st December 2016 |
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7. | LEASING AGREEMENTS |
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Minimum lease payments under non-cancellable operating leases fall due as follows: |
31/12/17 | 31/12/16 |
£ | £ |
Within one year |
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Between one and five years |
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8. | RESERVES |
Revaluation |
reserve |
£ |
At 1st January 2017 |
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Transfer | (72,454 | ) |
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At 31st December 2017 |
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ALDERCLAD LTD (REGISTERED NUMBER: 05637732) |
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Notes to the Financial Statements - continued |
for the Year Ended 31st December 2017 |
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9. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
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The following advances and credits to directors subsisted during the years ended 31st December 2017 and |
31st December 2016: |
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31/12/17 | 31/12/16 |
£ | £ |
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Balance outstanding at start of year |
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Amounts advanced |
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Amounts repaid | ( |
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Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
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Balance outstanding at start of year |
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Amounts advanced |
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Amounts repaid | ( |
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Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
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Balance outstanding at start of year |
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Amounts advanced |
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Amounts repaid | ( |
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Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
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Interest is charged on the above loans at 3% per annum up to 5 April 2017 and 2.5% thereafter. No terms for |
repayment have been agreed. |
Accountants' Report to the Board of Directors |
on the Unaudited Financial Statements of |
Alderclad Ltd |
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The following reproduces the text of the report prepared for the directors in respect of the company's annual |
unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file |
a Balance Sheet. Readers are cautioned that the Abridged Income Statement and certain other primary |
statements and the Report of the Directors are not required to be filed with the Registrar of Companies. |
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In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the |
financial statements of Alderclad Ltd for the year ended 31st December 2017 which comprise the Abridged Income |
Statement, Abridged Balance Sheet and the related notes from the company's accounting records and from information |
and explanations you have given us. |
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As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook. |
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This report is made solely to the Board of Directors of Alderclad Ltd, as a body, in accordance with the terms of our engagement letter dated 28th July 2016. Our work has been undertaken solely to prepare for your approval the financial statements of Alderclad Ltd and state those matters that we have agreed to state to the Board of Directors of Alderclad Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report. |
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It is your duty to ensure that Alderclad Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Alderclad Ltd. You consider that Alderclad Ltd is exempt from the statutory audit requirement for the year. |
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We have not been instructed to carry out an audit or a review of the financial statements of Alderclad Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
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43 Coniscliffe Road |
Darlington |
Co. Durham |
DL3 7EH |
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