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REGISTERED NUMBER:
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ALCA TOOLS LIMITED |
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 30 APRIL 2017 |
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REGISTERED NUMBER:
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ALCA TOOLS LIMITED |
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 30 APRIL 2017 |
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ALCA TOOLS LIMITED (REGISTERED NUMBER: 01348214) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 APRIL 2017 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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ALCA TOOLS LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 30 APRIL 2017 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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BUSINESS ADDRESS: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants & Business Advisors |
7 The Broadway |
Broadstairs |
Kent |
CT10 2AD |
ALCA TOOLS LIMITED (REGISTERED NUMBER: 01348214) |
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BALANCE SHEET |
30 APRIL 2017 |
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2017 | 2016 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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Investments | 5 |
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CURRENT ASSETS |
Stocks |
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Debtors | 6 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 7 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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PROVISIONS FOR LIABILITIES |
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NET ASSETS |
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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: |
(a) |
ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and |
(b) |
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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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors on
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ALCA TOOLS LIMITED (REGISTERED NUMBER: 01348214) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 APRIL 2017 |
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1. | STATUTORY INFORMATION |
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Alca Tools 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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Income recognition |
Income is recognised when goods have been delivered to customers such that risks and rewards of ownership |
have transferred to them.. |
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Tangible fixed assets and depreciation |
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Freehold property | - |
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Fixtures, fittings and equipment | - |
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Motor vehicles | - |
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Computer equipment | - |
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Inventories |
Inventories have been valued at the lower of cost and estimated selling price less costs to sell, after making due |
allowance for obsolete and slow moving items. |
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Deferred taxation |
Deferred taxation is provided on the liability method to take account of timing differences between the treatment |
of certain items for accounts purposes and their treatment for tax purposes. |
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Tax deferred or accelerated is accounted for in respect of all material timing differences. |
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Leasing |
Property, plant and equipment acquired under finance leases or hire purchase contracts are capitalised and |
depreciated in the same manner as other tangible fixed assets. The related obligations, net of future finance |
charges, are included in creditors. |
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Rentals payable under operating leases are charged to the profit and loss account on a straight line basis over |
the period of the lease. |
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Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme for the benefit of its employees. Contributions |
are recognised in the profit and loss account when due. |
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Investments |
Investments in shares are included at fair value. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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ALCA TOOLS LIMITED (REGISTERED NUMBER: 01348214) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 APRIL 2017 |
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4. | PROPERTY, PLANT AND EQUIPMENT |
Plant and |
Land and | machinery |
buildings | etc | Totals |
£ | £ | £ |
COST |
At 1 May 2016 |
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Additions |
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Disposals |
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At 30 April 2017 |
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DEPRECIATION |
At 1 May 2016 |
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Charge for year |
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Eliminated on disposal |
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At 30 April 2017 |
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NET BOOK VALUE |
At 30 April 2017 |
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At 30 April 2016 |
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5. | FIXED ASSET INVESTMENTS |
Other |
investments |
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COST OR VALUATION |
At 1 May 2016 |
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Additions |
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Disposals | ( |
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Revaluations |
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At 30 April 2017 |
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NET BOOK VALUE |
At 30 April 2017 |
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At 30 April 2016 |
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Cost or valuation at 30 April 2017 is represented by: |
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Other |
investments |
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Valuation in 2017 | 26,808 |
Cost | 181,353 |
208,161 |
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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Trade debtors |
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Other debtors |
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ALCA TOOLS LIMITED (REGISTERED NUMBER: 01348214) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 APRIL 2017 |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Bank loans and overdrafts |
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Trade creditors |
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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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During the year, total dividends of £240,000 were paid to the directors . |
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During the year under review the company traded with Industrial Lubricants (UK) Limited, a company in which |
both S A Hopkins and A B Hopkins are shareholders and directors and S A Hopkins is the controlling |
shareholder. |
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The company purchased goods and services totalling £25,526 (2016 - £22,318) from Industrial Lubricants (UK) |
Limited and supplied goods totalling £2,147 (2016 - £4,166) to Industrial Lubricants (UK) Limited. |
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In addition to this the company also provided management services totalling £34,451 (2016 - £31,029) to |
Industrial Lubricants (UK) Limited. |
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As at 30 April 2017, a net figure of £39,293 is owed from Industrial Lubricants (UK) Limited (2016 - £37,630). All |
these transactions were at arms length and at the market rate. |
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9. | FIRST YEAR ADOPTION |
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The 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 2016. |
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The transition to FRS 102 Section 1A small entities has resulted in a small number of changes in accounting |
policies to those used previously. |
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The nature of these changes had no impact on opening equity and profit for the comparative period. |
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