false
false
false
false
false
false
false
false
false
true
false
false
false
false
false
false
false
No description of principal activity
2016-04-01
Sage Accounts Production Advanced 2017 Update 1 - FRS
5,600
5,600
1,400
1,400
4,200
xbrli:pure
xbrli:shares
iso4217:GBP
10055500
2016-04-01
2017-03-31
10055500
2017-03-31
10055500
core:MotorVehicles
2016-04-01
2017-03-31
10055500
bus:RegisteredOffice
2016-04-01
2017-03-31
10055500
bus:LeadAgentIfApplicable
2016-04-01
2017-03-31
10055500
bus:Director1
2016-04-01
2017-03-31
10055500
bus:Director2
2016-04-01
2017-03-31
10055500
bus:Director3
2016-04-01
2017-03-31
10055500
core:MotorVehicles
2017-03-31
10055500
core:WithinOneYear
2017-03-31
10055500
core:UKTax
2016-04-01
2017-03-31
10055500
core:ShareCapital
2017-03-31
10055500
core:RetainedEarningsAccumulatedLosses
2017-03-31
10055500
bus:Director2
2017-03-31
10055500
bus:FRS102
2016-04-01
2017-03-31
10055500
bus:AuditExemptWithAccountantsReport
2016-04-01
2017-03-31
10055500
bus:FullAccounts
2016-04-01
2017-03-31
10055500
bus:SmallCompaniesRegimeForAccounts
2016-04-01
2017-03-31
10055500
bus:PrivateLimitedCompanyLtd
2016-04-01
2017-03-31
COMPANY REGISTRATION NUMBER:
10055500
Unaudited Financial Statements
|
|
A PLUS ACCOUNTANTS LIMITED
Accountants
10 Canberra House
Corbygate Business Park
Corby
Northants
NN17 5JG
Period ended 31 March 2017
Officers and professional advisers
|
1
|
|
|
Accountants report to the board of directors on the preparation of the unaudited statutory financial statements
|
3
|
|
|
Statement of financial position
|
5
|
|
|
Notes to the financial statements
|
7
|
|
|
Officers and Professional Advisers
|
|
The board of directors
|
Mr J Seymour
|
|
Mr J Greenaway
|
|
Mr V Guidera
|
|
|
Registered office
|
Unit H, Eckland Lodge Business Park
|
|
Harborough Road
|
|
Desborough
|
|
Leicestershire
|
|
England
|
|
LE16 8HB
|
|
|
Accountants
|
A PLUS ACCOUNTANTS LIMITED
|
|
Accountants
|
|
10 Canberra House
|
|
Corbygate Business Park
|
|
Corby
|
|
Northants
|
|
NN17 5JG
|
|
|
Period ended 31 March 2017
The directors present their report and the unaudited financial statements of the company for the period ended
31 March 2017
.
Directors
The directors who served the company during the period were as follows:
Mr J Seymour
|
|
Mr J Greenaway
|
|
Mr V Guidera
|
|
|
|
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on
6 December 2017
and signed on behalf of the board by:
Registered office:
|
Unit H, Eckland Lodge Business Park
|
Harborough Road
|
Desborough
|
Leicestershire
|
England
|
LE16 8HB
|
|
Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of
A14 Glass Rooms Limited
|
|
Period ended 31 March 2017
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of A14 Glass Rooms Limited for the period ended 31 March 2017, which comprise the income statement, statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the Board of Directors of A14 Glass Rooms Limited, as a body, in accordance with the terms of our engagement letter dated 15 March 2016. Our work has been undertaken solely to prepare for your approval the financial statements of A14 Glass Rooms Limited and state those matters that we have agreed to state you, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than A14 Glass Rooms Limited and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that A14 Glass Rooms Limited 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 A14 Glass Rooms Limited. You consider that A14 Glass Rooms Limited is exempt from the statutory audit requirement for the period. We have not been instructed to carry out an audit or a review of the financial statements of A14 Glass Rooms Limited. 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.
A PLUS ACCOUNTANTS LIMITED
Accountants
10 Canberra House
Corbygate Business Park
Corby
Northants
NN17 5JG
6 December 2017
Period ended 31 March 2017
|
2017
|
Note
|
£
|
Turnover
|
309,670
|
|
|
Cost of sales
|
245,397
|
|
---------
|
Gross profit
|
64,273
|
|
|
Distribution costs
|
30
|
Administrative expenses
|
7,278
|
|
--------
|
Operating profit
|
56,965
|
|
|
|
|
--------
|
Profit before taxation
|
5
|
56,965
|
|
|
|
Tax on profit
|
6
|
10,715
|
|
--------
|
Profit for the financial period
|
46,250
|
|
--------
|
|
|
|
All the activities of the company are from continuing operations.
The company has no other recognised items of income and expenses other than the results for the period as set out above.
Statement of Financial Position
|
|
31 March 2017
Fixed assets
Current assets
Stocks
|
8
|
8,764
|
Debtors
|
9
|
36,773
|
Cash at bank and in hand
|
23,233
|
|
--------
|
|
68,770
|
|
|
|
Creditors: amounts falling due within one year
|
10
|
53,717
|
|
--------
|
Net current assets
|
15,053
|
|
--------
|
Total assets less current liabilities
|
19,253
|
|
--------
|
Net assets
|
19,253
|
|
--------
|
|
|
|
Capital and reserves
Called up share capital
|
3
|
Profit and loss account
|
19,250
|
|
--------
|
Members funds
|
19,253
|
|
--------
|
|
|
These financial statements have been prepared 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'.
For the period ending 31 March 2017 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 period 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
.
Statement of Financial Position (continued)
|
|
31 March 2017
These financial statements were approved by the
board of directors
and authorised for issue on
6 December 2017
, and are signed on behalf of the board by:
Company registration number:
10055500
Notes to the Financial Statements
|
|
Period ended 31 March 2017
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit H, Eckland Lodge Business Park, Harborough Road, Desborough, Leicestershire, LE16 8HB, England.
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 the 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.
Revenue recognition
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.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, 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.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and 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 equity, 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 equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity 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:
|
Motor vehicles
|
-
|
25% straight line
|
|
|
|
|
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4.
Staff costs
The average number of persons employed by the company during the period, including the directors, amounted to Nil.
5.
Profit before taxation
Profit before taxation is stated after charging:
|
2017
|
|
£
|
Depreciation of tangible assets
|
1,400
|
|
-------
|
|
|
6.
Tax on profit
Major components of tax expense
Current tax:
UK current tax expense
|
10,715
|
|
--------
|
Tax on profit
|
10,715
|
|
--------
|
|
|
Reconciliation of tax expense
The tax assessed on the profit on ordinary activities for the period is higher than the
standard rate of corporation tax in the UK
of
20
%.
|
2017
|
|
£
|
Profit on ordinary activities before taxation
|
56,965
|
|
--------
|
Profit on ordinary activities by rate of tax
|
(
10,715)
|
|
--------
|
|
|
7.
Tangible assets
|
Motor vehicles
|
|
£
|
Cost
|
|
Additions
|
5,600
|
|
-------
|
At 31 March 2017
|
5,600
|
|
-------
|
Depreciation
|
|
Charge for the period
|
1,400
|
|
-------
|
At 31 March 2017
|
1,400
|
|
-------
|
Carrying amount
|
|
At 31 March 2017
|
4,200
|
|
-------
|
|
|
8.
Stocks
|
2017
|
|
£
|
Finished goods and goods for resale
|
8,764
|
|
-------
|
|
|
9.
Debtors
|
2017
|
|
£
|
Trade debtors
|
25,259
|
Other debtors
|
11,514
|
|
--------
|
|
36,773
|
|
--------
|
|
|
10.
Creditors:
amounts falling due within one year
|
2017
|
|
£
|
Trade creditors
|
17,088
|
Corporation tax
|
10,715
|
Social security and other taxes
|
500
|
Other creditors
|
25,414
|
|
--------
|
|
53,717
|
|
--------
|
|
|
11.
Directors' advances, credits and guarantees
During the period the directors entered into the following advances and credits with the company:
|
2017
|
|
|
Balance brought forward
|
Advances/ (credits) to the directors
|
Balance outstanding
|
|
|
£
|
£
|
£
|
|
Mr J Greenaway
|
–
|
(
10,000)
|
(
10,000)
|
|
|
----
|
--------
|
--------
|
|
|
|
|
|
The dividends paid to J Greenway during the period were £9,000. Dividends paid to J Seymour during the period were £9,000. Dividends paid to V Guidera during the period were £9,000.