31/03/2018
2018-03-31
false
false
false
false
false
false
false
false
false
false
true
false
false
true
false
false
false
false
false
true
true
false
No description of principal activities is disclosed
2017-04-01
Sage Accounts Production 18.11 - FRS
xbrli:pure
xbrli:shares
iso4217:GBP
06352376
2017-04-01
2018-03-31
06352376
2018-03-31
06352376
2017-03-31
06352376
2016-04-01
2017-03-31
06352376
2017-03-31
06352376
2016-03-31
06352376
core:FurnitureFittingsToolsEquipment
2017-04-01
2018-03-31
06352376
core:MotorVehicles
2017-04-01
2018-03-31
06352376
bus:RegisteredOffice
2017-04-01
2018-03-31
06352376
bus:LeadAgentIfApplicable
2017-04-01
2018-03-31
06352376
bus:Director1
2017-04-01
2018-03-31
06352376
bus:Director2
2017-04-01
2018-03-31
06352376
bus:CompanySecretary1
2017-04-01
2018-03-31
06352376
core:FurnitureFittingsToolsEquipment
2017-03-31
06352376
core:MotorVehicles
2017-03-31
06352376
core:FurnitureFittingsToolsEquipment
2018-03-31
06352376
core:MotorVehicles
2018-03-31
06352376
core:RetainedEarningsAccumulatedLosses
2016-04-01
2017-03-31
06352376
core:RetainedEarningsAccumulatedLosses
2017-04-01
2018-03-31
06352376
core:WithinOneYear
2018-03-31
06352376
core:WithinOneYear
2017-03-31
06352376
core:ShareCapital
2018-03-31
06352376
core:ShareCapital
2017-03-31
06352376
core:RetainedEarningsAccumulatedLosses
2018-03-31
06352376
core:RetainedEarningsAccumulatedLosses
2017-03-31
06352376
core:ShareCapital
2016-03-31
06352376
core:RetainedEarningsAccumulatedLosses
2016-03-31
06352376
core:FurnitureFittingsToolsEquipment
2017-03-31
06352376
core:MotorVehicles
2017-03-31
06352376
bus:Director1
2017-03-31
06352376
bus:Director1
2018-03-31
06352376
bus:Director2
2017-03-31
06352376
bus:Director1
2016-03-31
06352376
bus:Director1
2017-03-31
06352376
bus:Director2
2016-03-31
06352376
bus:Director2
2017-03-31
06352376
bus:Director1
2016-04-01
2017-03-31
06352376
bus:Director2
2016-04-01
2017-03-31
06352376
bus:SmallEntities
2017-04-01
2018-03-31
06352376
bus:AuditExemptWithAccountantsReport
2017-04-01
2018-03-31
06352376
bus:FullAccounts
2017-04-01
2018-03-31
06352376
bus:SmallCompaniesRegimeForAccounts
2017-04-01
2018-03-31
06352376
bus:PrivateLimitedCompanyLtd
2017-04-01
2018-03-31
Company registration number:
06352376
Affordable Motor Glass Limited
Financial statements
31 March 2018
Affordable Motor Glass Limited
Contents
Directors and other information
Accountants report
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Affordable Motor Glass Limited
Directors and other information
|
|
|
|
|
Directors
|
J S L Fieldman
|
|
|
|
D J Crawford
|
(Resigned 12 January 2018)
|
|
|
|
|
|
|
|
|
|
Secretary
|
D J Crawford (Resigned 12 January 2018)
|
|
|
|
|
|
|
|
|
|
|
Company number
|
06352376
|
|
|
|
|
|
|
|
|
|
|
Registered office
|
227a West Street
|
|
|
|
Fareham
|
|
|
|
Hampshire
|
|
|
|
PO16 0HZ
|
|
|
|
|
|
|
|
|
|
|
Business address
|
Unit 21, Challenge Enterprise Centre
|
|
|
|
Sharps Close
|
|
|
|
Portsmouth
|
|
|
|
Hants
|
|
|
|
PO3 5RJ
|
|
|
|
|
|
|
|
|
|
|
Accountants
|
Arthur Daniels & Company
|
|
|
|
227a West Street
|
|
|
|
Fareham
|
|
|
|
PO16 0HZ
|
|
|
|
|
|
Affordable Motor Glass Limited
Chartered accountants report to the board of directors on the preparation of the
statutory financial statements of Affordable Motor Glass Limited
Year ended 31 March 2018
As described on the statement of financial position, the directors of the company are responsible for the preparation of the financial statements for the year ended 31 March 2018 which comprise the statement of financial position, statement of changes in equity and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
Arthur Daniels & Company
Chartered Accountants
227a West Street
Fareham
PO16 0HZ
15 May 2018
Affordable Motor Glass Limited
Statement of financial position
31 March 2018
|
|
|
2018
|
|
|
|
2017
|
|
|
|
|
Note
|
£
|
|
£
|
|
£
|
|
£
|
|
|
|
|
|
|
|
|
|
|
Fixed assets
|
|
|
|
|
|
|
|
|
|
Tangible assets
|
|
5
|
11,646
|
|
|
|
15,373
|
|
|
|
|
|
_______
|
|
|
|
_______
|
|
|
|
|
|
|
|
11,646
|
|
|
|
15,373
|
|
|
|
|
|
|
|
|
|
|
Current assets
|
|
|
|
|
|
|
|
|
|
Debtors
|
|
6
|
13,594
|
|
|
|
15,532
|
|
|
Cash at bank and in hand
|
|
|
15,344
|
|
|
|
15,608
|
|
|
|
|
|
_______
|
|
|
|
_______
|
|
|
|
|
|
28,938
|
|
|
|
31,140
|
|
|
Creditors: amounts falling due
|
|
|
|
|
|
|
|
|
|
within one year
|
|
7
|
(
70,675)
|
|
|
|
(
66,162)
|
|
|
|
|
|
_______
|
|
|
|
_______
|
|
|
Net current liabilities
|
|
|
|
|
(
41,737)
|
|
|
|
(
35,022)
|
|
|
|
|
|
_______
|
|
|
|
_______
|
Total assets less current liabilities
|
|
|
|
|
(
30,091)
|
|
|
|
(
19,649)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
_______
|
|
|
|
_______
|
Net liabilities
|
|
|
|
|
(
30,091)
|
|
|
|
(
19,649)
|
|
|
|
|
|
_______
|
|
|
|
_______
|
|
|
|
|
|
|
|
|
|
|
Capital and reserves
|
|
|
|
|
|
|
|
|
|
Called up share capital
|
|
|
|
|
2
|
|
|
|
2
|
Profit and loss account
|
|
|
|
|
(
30,093)
|
|
|
|
(
19,651)
|
|
|
|
|
|
_______
|
|
|
|
_______
|
Shareholders deficit
|
|
|
|
|
(
30,091)
|
|
|
|
(
19,649)
|
|
|
|
|
|
_______
|
|
|
|
_______
|
|
|
|
|
|
|
|
|
|
|
For the year ending 31 March 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
15 May 2018
, and are signed on behalf of the board by:
J S L Fieldman
Director
Company registration number:
06352376
Affordable Motor Glass Limited
Statement of changes in equity
Year ended 31 March 2018
|
|
Called up share capital
|
|
Profit and loss account
|
Total
|
|
|
|
|
|
|
|
£
|
|
£
|
£
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
At 1 April 2016
|
|
2
|
|
(
20,215)
|
(
20,213)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Profit for the year
|
|
|
|
25,564
|
25,564
|
|
|
|
|
|
|
|
_______
|
|
_______
|
_______
|
|
|
|
|
|
Total comprehensive income for the year
|
|
-
|
|
25,564
|
25,564
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Dividends paid and payable
|
|
|
|
(
25,000)
|
(
25,000)
|
|
|
|
|
|
|
|
_______
|
|
_______
|
_______
|
|
|
|
|
|
Total investments by and distributions to owners
|
|
-
|
|
(
25,000)
|
(
25,000)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
_______
|
|
_______
|
_______
|
|
|
|
|
|
At 31 March 2017 and 1 April 2017
|
|
2
|
|
(
19,651)
|
(
19,649)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Profit for the year
|
|
|
|
25,908
|
25,908
|
|
|
|
|
|
|
|
_______
|
|
_______
|
_______
|
|
|
|
|
|
Total comprehensive income for the year
|
|
-
|
|
25,908
|
25,908
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Dividends paid and payable
|
|
|
|
(
36,350)
|
(
36,350)
|
|
|
|
|
|
|
|
_______
|
|
_______
|
_______
|
|
|
|
|
|
Total investments by and distributions to owners
|
|
-
|
|
(
36,350)
|
(
36,350)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
_______
|
|
_______
|
_______
|
|
|
|
|
|
At 31 March 2018
|
|
2
|
|
(
30,093)
|
(
30,091)
|
|
|
|
|
|
|
|
_______
|
|
_______
|
_______
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Affordable Motor Glass Limited
Notes to the financial statements
Year ended 31 March 2018
1.
General information
The company is a private company limited by shares, registered in England. The address of the registered office is 227a West Street, Fareham, Hampshire, PO16 0HZ.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
|
|
|
|
|
Fittings fixtures and equipment
|
-
|
15 %
|
reducing balance
|
|
Motor vehicles
|
-
|
25 %
|
reducing balance
|
|
|
|
|
|
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
4.
Staff costs
The average number of persons employed by the company during the year amounted to
3
(2017:
4
).
5.
Tangible assets
|
|
Fixtures, fittings and equipment
|
Motor vehicles
|
Total
|
|
|
|
|
|
|
£
|
£
|
£
|
|
|
|
|
|
Cost
|
|
|
|
|
|
|
|
|
At 1 April 2017 and 31 March 2018
|
4,012
|
33,095
|
37,107
|
|
|
|
|
|
|
_______
|
_______
|
_______
|
|
|
|
|
|
Depreciation
|
|
|
|
|
|
|
|
|
At 1 April 2017
|
2,850
|
18,884
|
21,734
|
|
|
|
|
|
Charge for the year
|
174
|
3,553
|
3,727
|
|
|
|
|
|
|
_______
|
_______
|
_______
|
|
|
|
|
|
At 31 March 2018
|
3,024
|
22,437
|
25,461
|
|
|
|
|
|
|
_______
|
_______
|
_______
|
|
|
|
|
|
Carrying amount
|
|
|
|
|
|
|
|
|
At 31 March 2018
|
988
|
10,658
|
11,646
|
|
|
|
|
|
|
_______
|
_______
|
_______
|
|
|
|
|
|
At 31 March 2017
|
1,162
|
14,211
|
15,373
|
|
|
|
|
|
|
_______
|
_______
|
_______
|
|
|
|
|
|
|
|
|
|
|
|
|
|
6.
Debtors
|
|
|
2018
|
2017
|
|
|
|
£
|
£
|
|
Trade debtors
|
|
13,594
|
15,532
|
|
|
|
_______
|
_______
|
|
|
|
|
|
7.
Creditors: amounts falling due within one year
|
|
|
2018
|
2017
|
|
|
|
£
|
£
|
|
Trade creditors
|
|
11,917
|
11,126
|
|
Corporation tax
|
|
7,023
|
4,362
|
|
Social security and other taxes
|
|
4,633
|
5,057
|
|
Other creditors
|
|
47,102
|
45,617
|
|
|
|
_______
|
_______
|
|
|
|
70,675
|
66,162
|
|
|
|
_______
|
_______
|
|
|
|
|
|
8.
Directors advances, credits and guarantees
|
During the year the directors entered into the following advances and credits with the company:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2018
|
|
|
|
|
|
|
|
|
|
Balance brought forward
|
Advances /(credits) to the directors
|
Amounts repaid
|
Balance o/standing
|
|
|
|
|
£
|
£
|
£
|
£
|
|
|
|
J S L Fieldman
|
(
21,269)
|
310
|
-
|
(
20,959)
|
|
|
|
D J Crawford
|
(
13,522)
|
13,522
|
-
|
-
|
|
|
|
|
_______
|
_______
|
_______
|
_______
|
|
|
|
|
(
34,791)
|
13,832
|
-
|
(
20,959)
|
|
|
|
|
_______
|
_______
|
_______
|
_______
|
|
|
|
|
|
|
|
|
|
|
2017
|
|
|
|
|
|
|
|
|
|
Balance brought forward
|
Advances /(credits) to the directors
|
Amounts repaid
|
Balance o/standing
|
|
|
|
|
£
|
£
|
£
|
£
|
|
|
|
J S L Fieldman
|
(
22,773)
|
-
|
1,504
|
(
21,269)
|
|
|
|
D J Crawford
|
(
10,026)
|
(
3,496)
|
-
|
(
13,522)
|
|
|
|
|
_______
|
_______
|
_______
|
_______
|
|
|
|
|
(
32,799)
|
(
3,496)
|
1,504
|
(
34,791)
|
|
|
|
|
_______
|
_______
|
_______
|
_______
|
|
|
|
|
|
|
|
|
|
|