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Unaudited Financial Statements |
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for the Period 1 September 2016 to 31 March 2017 |
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Allard Office Furniture Limited |
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REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Period 1 September 2016 to 31 March 2017 |
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for |
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Allard Office Furniture Limited |
Allard Office Furniture Limited (Registered number: 04515715) |
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Contents of the Financial Statements |
for the Period 1 September 2016 to 31 March 2017 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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Allard Office Furniture Limited |
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Company Information |
for the Period 1 September 2016 to 31 March 2017 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Berkeley House |
Amery Street |
Alton |
Hampshire |
GU34 1HN |
Allard Office Furniture Limited (Registered number: 04515715) |
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Balance Sheet |
31 March 2017 |
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31.3.17 | 31.8.16 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
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Tangible assets | 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/(LIABILITIES) |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
8 |
( |
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( |
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PROVISIONS FOR LIABILITIES | ( |
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NET ASSETS/(LIABILITIES) |
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CAPITAL AND RESERVES |
Called up share capital | 10 |
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Retained earnings | 11 |
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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. |
Allard Office Furniture Limited (Registered number: 04515715) |
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Balance Sheet - continued |
31 March 2017 |
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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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Allard Office Furniture Limited (Registered number: 04515715) |
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Notes to the Financial Statements |
for the Period 1 September 2016 to 31 March 2017 |
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1. | STATUTORY INFORMATION |
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Allard Office Furniture Limited is a
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company's 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 |
The company has taken advantage of the following disclosure exemptions in preparing these financial |
statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of |
Ireland": |
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- the requirements of Section 7 Statement of Cash Flows - Presentation of a Statement of Cash Flow and related |
notes and disclosures; |
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- the requirements of Section 11 'Basic Financial Instruments' & Section 12 'Other Financial Instrument Issues' - |
Carrying amounts, interest income/expense and net gains/losses for each category of financial instrument; basis |
of determining fair values; details of collateral, loan defaults or breaches, details of hedges, hedging fair value |
changes recognised in the profit or loss and in other comprehensive income. |
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- Section 33 'Related Party Disclosures' - Compensation for key management personnel. |
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First time adoption of FRS 102 |
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These financial statements are the first financial statements of Allard Office Furniture Limited prepared in |
accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and |
Republic of Ireland' (FRS 102). The financial statements of Allard Office Furniture Limited for the year ended |
31 August 2016 were prepared in accordance with previous UK GAAP. |
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Some of the FRS 102 recognition, measurement, presentation and disclosure requirements and accounting policy |
choices differ from previous UK GAAP. Consequently, the directors have amended certain accounting policies |
to comply with FRS 102. The directors have also taken advantage of certain exemptions from the requirements |
of FRS 102 permitted by FRS 102 Chapter 35 'Transition to this FRS'. |
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Comparative figures have been restated to reflect the adjustments made, except to the extent that the directors |
have taken advantage of exemptions to retrospective application of FRS 102 permitted by FRS 102 Chapter 35 |
'Transition to this FRS'. Adjustments are recognised directly in equity within the cumulative profit and loss |
account at the transition date. |
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Monetary amounts in these financial statements are rounded to the nearest whole £1, except where otherwise |
indicated. |
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Turnover |
Turnover represents net invoiced sales of good and services, excluding value added tax. |
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Goodwill |
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Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost |
less any accumulated amortisation and any accumulated impairment losses. |
Allard Office Furniture Limited (Registered number: 04515715) |
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Notes to the Financial Statements - continued |
for the Period 1 September 2016 to 31 March 2017 |
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2. | ACCOUNTING POLICIES - continued |
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Tangible fixed assets |
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Improvements to property | - |
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Plant and machinery | - |
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Fixtures and fittings | - |
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Motor vehicles | - |
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Computer equipment | - |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
moving items. |
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Taxation |
Taxation for the period 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 period 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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Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss 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. Contributions payable to the company's pension |
scheme are charged to profit or loss in the period to which they relate. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the period was
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Allard Office Furniture Limited (Registered number: 04515715) |
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Notes to the Financial Statements - continued |
for the Period 1 September 2016 to 31 March 2017 |
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4. | INTANGIBLE FIXED ASSETS |
Goodwill |
£ |
COST |
At 1 September 2016 |
and 31 March 2017 |
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AMORTISATION |
At 1 September 2016 |
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Amortisation for period |
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At 31 March 2017 |
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NET BOOK VALUE |
At 31 March 2017 |
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At 31 August 2016 |
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5. | TANGIBLE FIXED ASSETS |
Improvements | Fixtures |
to | Plant and | and |
property | machinery | fittings |
£ | £ | £ |
COST |
At 1 September 2016 |
and 31 March 2017 |
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DEPRECIATION |
At 1 September 2016 |
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Charge for period |
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At 31 March 2017 |
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NET BOOK VALUE |
At 31 March 2017 |
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At 31 August 2016 |
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Motor | Computer |
vehicles | equipment | Totals |
£ | £ | £ |
COST |
At 1 September 2016 |
and 31 March 2017 |
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DEPRECIATION |
At 1 September 2016 |
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Charge for period |
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At 31 March 2017 |
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NET BOOK VALUE |
At 31 March 2017 |
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At 31 August 2016 |
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Allard Office Furniture Limited (Registered number: 04515715) |
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Notes to the Financial Statements - continued |
for the Period 1 September 2016 to 31 March 2017 |
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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.17 | 31.8.16 |
£ | £ |
Trade debtors |
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Other debtors |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.17 | 31.8.16 |
£ | £ |
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. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
31.3.17 | 31.8.16 |
£ | £ |
Bank loans |
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Amounts falling due in more than five years: |
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Repayable by instalments |
Bank loans more 5 yr by instal | 10,756 | - |
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9. | SECURED DEBTS |
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The following secured debts are included within creditors: |
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31.3.17 | 31.8.16 |
£ | £ |
Bank loans |
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The bank loan is secured by a personal guarantee from the directors. |
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10. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.3.17 | 31.8.16 |
value: | £ | £ |
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Ordinary | £1 | 60 | 60 |
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Class A | £1 | 100 | 100 |
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Class B | £1 | 40 | 40 |
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Class C | £1 | 100 | 100 |
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Class D | £1 | 100 | 100 |
400 | 400 |
Allard Office Furniture Limited (Registered number: 04515715) |
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Notes to the Financial Statements - continued |
for the Period 1 September 2016 to 31 March 2017 |
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11. | RESERVES |
Retained |
earnings |
£ |
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At 1 September 2016 | ( |
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Profit for the period |
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At 31 March 2017 |
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12. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
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The following advances and credits to directors subsisted during the period ended 31 March 2017 and the year |
ended 31 August 2016: |
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31.3.17 | 31.8.16 |
£ | £ |
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Balance outstanding at start of period |
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Amounts advanced |
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Amounts repaid |
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Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of period |
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Balance outstanding at start of period |
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Amounts advanced |
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Amounts repaid | ( |
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Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of period |
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Balance outstanding at start of period |
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Amounts advanced |
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Amounts repaid | ( |
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Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of period |
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13. | ULTIMATE CONTROLLING PARTY |
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There is no ultimate controlling party. |
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14. | FIRST YEAR ADOPTION |
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The company transitioned to FRS 102 from previously extant UK GAAP as at 1 September 2016. |
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There has been no impact on the equity of the company or the profit previously reported as a result of the |
transition. |
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