A S Bains Limited
for the Year Ended
30 June 2018
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A S Bains Limited
Contents
Company Information |
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Accountants' Report |
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Profit and Loss Account |
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Balance Sheet |
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Notes to the Financial Statements |
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Detailed Profit and Loss Account |
A S Bains Limited
Company Information
Registered Number:
Director |
AS Bains |
Registered office |
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Accountants |
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Page 1 |
Accountants' Report to the Director of
A S Bains Limited
for the Year Ended 30 June 2018
The company's directors are responsible for the preparation of the financial statements for the period, which they consider to be exempt from audit under the Companies Act 1985. In accordance with the instructions given to us by the directors we have assisted with the preparation of the financial statements, using the accounting records, information and explanations provided to us, in order to fulfil their statutory responsibilities
It is your duty to ensure that the company has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of the company. You consider that the company is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of the company. 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 accounts.
478 Station Road
Dorridge
Solihull
B93 8HE
Page 2 |
A S Bains Limited
Profit and Loss Account for the Year Ended 30 June 2018
2018 |
2017 |
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Turnover |
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Other income |
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Staff costs |
( |
( |
Depreciation and other amounts written off assets |
( |
( |
Other charges |
(8,302) |
(9,750) |
Profit before tax |
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|
Taxation |
( |
( |
Profit for the year |
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Page 3 |
A S Bains Limited
(Registration number: 06927008)
Balance Sheet as at 30 June 2018
2018 |
2017 |
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Fixed assets |
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Current assets |
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Prepayments and accrued income |
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Creditors: Amounts falling due within one year |
( |
( |
Net current assets |
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Total assets less current liabilities |
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Accruals and deferred income |
( |
( |
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Capital and reserves |
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General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
United Kingdom
These financial statements were authorised for issue by the
Basis of preparation
The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.
These financial statements have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
For the financial year ending 30 June 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
• |
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• |
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
Page 4 |
A S Bains Limited
(Registration number: 06927008)
Balance Sheet as at 30 June 2018
Approved and authorised by the
.........................................
AS Bains
Director
Page 5 |
A S Bains Limited
Detailed Profit and Loss Account for the Year Ended 30 June 2018
2018 |
2017 |
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Turnover |
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Income |
137,801 |
175,690 |
Increase/(Decrease) in Work in Progress |
- |
(5,572) |
137,801 |
170,118 |
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Other Income |
||
Bank Interest |
45 |
14 |
GROSS PROFIT/(LOSS) |
137,846 |
170,132 |
Employment Costs |
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Employer's Cost |
7 |
14 |
Director's Remuneration |
8,275 |
8,200 |
Employee Pensions |
41,600 |
- |
49,882 |
8,214 |
|
General Administrative Expenses |
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Telephone and Postage |
1,201 |
1,156 |
Computer Consumables |
40 |
- |
Printing and Stationery |
36 |
- |
Travel and Subsistence |
5,861 |
6,669 |
Trade Insurance |
210 |
594 |
Accountancy Charges |
880 |
1,265 |
8,228 |
9,684 |
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Finance Charges |
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Bank Charges |
74 |
66 |
Depreciation Costs |
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Equipment |
89 |
119 |
NET PROFIT |
79,573 |
152,049 |
Page 6 |