Company Registration No. 01040910 (England and Wales)
ANCHOR LAND AND PROPERTY COMPANY LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2016
ANCHOR LAND AND PROPERTY COMPANY LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
ANCHOR LAND AND PROPERTY COMPANY LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 SEPTEMBER 2016
30 September 2016
- 1 -
2016
2015
Notes
£
£
£
£
Current assets
Stocks
231,270
220,255
Debtors
98,567
99,083
Cash at bank and in hand
543
618
330,380
319,956
Creditors: amounts falling due within one year
(201,335)
(188,354)
Total assets less current liabilities
129,045
131,602
Capital and reserves
Called up share capital
2
99
99
Profit and loss account
128,946
131,503
Shareholders' funds
129,045
131,602
For the financial year ended 30 September 2016 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 abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 29 June 2017
Mr A A Girling
Director
Company Registration No. 01040910
ANCHOR LAND AND PROPERTY COMPANY LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
The company has taken advantage of the exemption in Financial Reporting Standard No 1 from the requirement to produce a cash flow statement on the grounds that it is a small company.
1.2
Stock
Stock is valued at the lower of cost and net realisable value
, after making due allowance for obsolete and slow moving items.
1.3
Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
1.4
Joint arrangements that are not entities
The financial statements include the company's share of the assets, liabilities and cash flows in joint arrangements, measured according to the items of the arrangement.
2
Share capital
2016
2015
£
£
Allotted, called up and fully paid
99 Ordinary of £1 each
99
99