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Report of the Directors and |
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Unaudited Financial Statements for the Year Ended 31 December 2016 |
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Anderson Elite Limited |
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REGISTERED NUMBER:
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Report of the Directors and |
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Unaudited Financial Statements for the Year Ended 31 December 2016 |
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for |
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Anderson Elite Limited |
Anderson Elite Limited (Registered number: 08809942) |
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Contents of the Financial Statements |
for the Year Ended 31 December 2016 |
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Page |
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Company Information | 1 |
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Report of the Directors | 2 |
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Income Statement | 3 |
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Balance Sheet | 4 |
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Notes to the Financial Statements | 5 |
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Anderson Elite Limited |
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Company Information |
for the Year Ended 31 December 2016 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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Anderson Elite Limited (Registered number: 08809942) |
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Report of the Directors |
for the Year Ended 31 December 2016 |
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The directors present their report with the financial statements of the company for the year ended 31 December 2016. |
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DIRECTORS |
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This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small |
companies. |
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ON BEHALF OF THE BOARD: |
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Anderson Elite Limited (Registered number: 08809942) |
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Income Statement |
for the Year Ended 31 December 2016 |
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31.12.16 | 31.12.15 |
Notes | £ | £ |
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TURNOVER |
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Cost of sales |
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GROSS PROFIT |
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Administrative expenses |
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(207,604 | ) | (68,035 | ) |
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Other operating income |
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OPERATING PROFIT | 4 |
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Interest payable and similar expenses |
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PROFIT BEFORE TAXATION |
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Tax on profit |
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LOSS FOR THE FINANCIAL YEAR | ( |
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Anderson Elite Limited (Registered number: 08809942) |
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Balance Sheet |
31 December 2016 |
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31.12.16 | 31.12.15 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 5 |
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CURRENT ASSETS |
Debtors | 6 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 7 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT LIABILITIES | ( |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings | ( |
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SHAREHOLDERS' FUNDS | ( |
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The directors acknowledge their responsibilities for: |
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ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006
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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. |
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The financial statements were approved by the Board of Directors on
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Anderson Elite Limited (Registered number: 08809942) |
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Notes to the Financial Statements |
for the Year Ended 31 December 2016 |
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1. | STATUTORY INFORMATION |
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Anderson Elite Limited is a
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registered number and registered office address can be found on the Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover in respect of service contracts, excluding value added tax is recognised when those services have been |
delivered and the company has obtained the right consideration. |
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Tangible fixed assets |
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Plant and machinery | - |
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Fixtures and fittings | - |
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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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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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3. | EMPLOYEES AND DIRECTORS |
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The average monthly number of employees during the year was
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4. | OPERATING PROFIT |
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The operating profit is stated after charging: |
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31.12.16 | 31.12.15 |
£ | £ |
Depreciation - owned assets |
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Anderson Elite Limited (Registered number: 08809942) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 December 2016 |
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5. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
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COST |
At 1 January 2016 |
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Additions |
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At 31 December 2016 |
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DEPRECIATION |
At 1 January 2016 |
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Charge for year |
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At 31 December 2016 |
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NET BOOK VALUE |
At 31 December 2016 |
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At 31 December 2015 |
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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.16 | 31.12.15 |
£ | £ |
Trade debtors |
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Amounts owed by group undertakings |
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Other debtors |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.16 | 31.12.15 |
£ | £ |
Trade creditors |
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Amounts owed to group undertakings |
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Taxation and social security |
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Other creditors |
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8. | RELATED PARTY DISCLOSURES |
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Anderson Motor Vehicles Ltd |
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A company in which Mr Fynn has indirect ownership. |
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During the period Anderson Motor Vehicles was recharged for shared overheads. These charges, shown as other |
income are recharged on a normal commercial basis and total £1,936 (2015: nil ). |
Anderson Elite Limited (Registered number: 08809942) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 December 2016 |
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8. | RELATED PARTY DISCLOSURES - continued |
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IT Support Limited |
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The company in which Mr Fynn and Mr Smith have indirect ownership. |
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During the period the company was recharged for shared overheads. These charges, shown as other income are |
recharged on a normal commercial basis and total £9,196 (2015: £4,460). |
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31.12.16 | 31.12.15 |
£ | £ |
Amount due from related party at the balance sheet date | - | 1,971 |
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9. | ULTIMATE CONTROLLING PARTY |
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The ultimate controlling party is
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10. | GOING CONCERN |
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The accounts have been prepared on the going concern basis. The directors have assessed the company's current |
financial position and believe that the company will be able to continue operating for the foreseeable future. |