Company Registration No. 06829630 (England and Wales)
Andy Stanley & Sons Limited
Unaudited accounts
for the year ended 30 April 2017
Andy Stanley & Sons Limited
Unaudited accounts
Contents
Andy Stanley & Sons Limited
Company Information
for the year ended 30 April 2017
Company Number
06829630 (England and Wales)
Registered Office
11 Chapel Lane
Arnold
Nottingham
Nottinghamshire
NG5 7DR
Accountants
Select Accountancy Ltd FFA/FIPA FFTA
11 Chapel Lane
Arnold
Nottingham
NG5 7DR
Andy Stanley & Sons Limited
Statement of financial position
as at
30 April 2017
Intangible assets
40,000
40,000
Tangible assets
6,577
8,178
Cash at bank and in hand
5,868
5,118
Creditors: amounts falling due within one year
(42,128)
(46,147)
Net current liabilities
(29,054)
(35,525)
Called up share capital
1
1
Profit and loss account
17,522
12,652
Shareholders' funds
17,523
12,653
For the year ending 30 April 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 20 September 2017.
Andrew Stanley
Director
Company Registration No. 06829630
Andy Stanley & Sons Limited
Notes to the Accounts
for the year ended 30 April 2017
Andy Stanley & Sons Limited is a private company, limited by shares, registered in England and Wales, registration number 06829630. The registered office and principal place of business is 11 Chapel Lane, Arnold, Nottingham, Nottinghamshire, NG5 7DR.
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 30 April 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 May 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:
Plant & machinery
25% Reducing balance
Motor vehicles
25% Reducing balance
Computer equipment
25% Reducing balance
Intangible fixed assets (including purchased goodwill and patents) are not amortised
Andy Stanley & Sons Limited
Notes to the Accounts
for the year ended 30 April 2017
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 May 2016
3,610
11,765
936
16,311
At 30 April 2017
4,101
11,765
1,036
16,902
At 1 May 2016
2,601
4,897
635
8,133
Charge for the year
375
1,717
100
2,192
At 30 April 2017
2,976
6,614
735
10,325
At 30 April 2017
1,125
5,151
301
6,577
At 30 April 2016
1,009
6,868
301
8,178
Accrued income and prepayments
1,550
1,568
Andy Stanley & Sons Limited
Notes to the Accounts
for the year ended 30 April 2017
8
Creditors: amounts falling due within one year
2017
2016
Bank loans and overdrafts
7,855
5,557
Obligations under finance leases and hire purchase contracts
4,196
7,343
Trade creditors
9,594
4,924
Taxes and social security
4,238
3,074
Loans from directors
15,937
25,047
9
Share capital
2017
2016
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
10
Average number of employees
During the year the average number of employees was 1 (2016: 1).