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Unaudited Financial Statements |
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for the Year Ended 31 July 2017 |
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for |
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ALMESCO LIMITED |
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REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Year Ended 31 July 2017 |
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for |
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ALMESCO LIMITED |
ALMESCO LIMITED (REGISTERED NUMBER: 02454595) |
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Contents of the Financial Statements |
for the Year Ended 31 July 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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Chartered Accountants' Report | 8 |
ALMESCO LIMITED |
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Company Information |
for the Year Ended 31 July 2017 |
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DIRECTOR: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
Llanover House |
Llanover Road |
Pontypridd |
Mid Glamorgan |
CF37 4DY |
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SOLICITORS: |
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10 Crickhowell Road |
St Mellons |
Cardiff |
CF1 6SB |
ALMESCO LIMITED (REGISTERED NUMBER: 02454595) |
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Balance Sheet |
31 July 2017 |
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31.7.17 | 31.7.16 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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Investment property | 5 |
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CURRENT ASSETS |
Stocks |
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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 ASSETS |
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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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PROVISIONS FOR LIABILITIES | ( |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital |
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Share premium |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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The director acknowledges her 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. |
ALMESCO LIMITED (REGISTERED NUMBER: 02454595) |
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Balance Sheet - continued |
31 July 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 director on
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ALMESCO LIMITED (REGISTERED NUMBER: 02454595) |
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Notes to the Financial Statements |
for the Year Ended 31 July 2017 |
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1. | STATUTORY INFORMATION |
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Almesco Limited is a
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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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Changes in accounting policies |
This is the first year that the Company has presented its results under FRS 102. The last financial statements under |
previous UK GAAP were for the year ended 31st July 2016. The date of transition to FRS 102 was 1st August 2015. |
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There were no adjustments to equity necessary on the transition from UK GAAP to FRS 102. |
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Turnover |
Turnover is derived from the principal activities of the company and represents invoiced sales of goods and services, and is |
stated net of trade discounts, Value Added Tax, and other sales taxes. |
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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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Motor vehicles | - |
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Investment property |
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value |
is recognised in profit or loss. |
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Stocks and work in progress |
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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Work in progress is calculated under UITF 40, and is included at sales value at year end within recoverable on contracts. |
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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. |
ALMESCO LIMITED (REGISTERED NUMBER: 02454595) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 July 2017 |
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2. | ACCOUNTING POLICIES - continued |
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Pension costs and other post-retirement benefits |
The company operates defined contribution pension schemes. Contributions payable to the schemes for the period are |
charged directly to the profit and loss account. |
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Deferred government grants |
Deferred government grants in respect of capital expenditure are treated as deferred income and are credited to the profit |
and loss account over the estimated life of the assets to which they relate. |
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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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4. | TANGIBLE FIXED ASSETS |
Fixtures |
Plant and | and | Motor |
machinery | fittings | vehicles | Totals |
£ | £ | £ | £ |
COST |
At 1 August 2016 |
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Additions |
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Disposals |
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At 31 July 2017 |
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DEPRECIATION |
At 1 August 2016 |
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Charge for year |
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Eliminated on disposal |
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At 31 July 2017 |
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NET BOOK VALUE |
At 31 July 2017 |
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At 31 July 2016 |
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ALMESCO LIMITED (REGISTERED NUMBER: 02454595) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 July 2017 |
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4. | TANGIBLE FIXED ASSETS - continued |
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Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
Motor |
vehicles |
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COST |
At 1 August 2016 |
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Disposals | ( |
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At 31 July 2017 |
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DEPRECIATION |
At 1 August 2016 |
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Charge for year |
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Eliminated on disposal | ( |
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At 31 July 2017 |
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NET BOOK VALUE |
At 31 July 2017 |
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At 31 July 2016 |
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5. | INVESTMENT PROPERTY |
Total |
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FAIR VALUE |
At 1 August 2016 |
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Additions |
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At 31 July 2017 |
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NET BOOK VALUE |
At 31 July 2017 |
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At 31 July 2016 |
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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.7.17 | 31.7.16 |
£ | £ |
Trade debtors |
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Other debtors |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.7.17 | 31.7.16 |
£ | £ |
Hire purchase contracts |
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Trade creditors |
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Taxation and social security |
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Other creditors |
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ALMESCO LIMITED (REGISTERED NUMBER: 02454595) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 July 2017 |
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8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
31.7.17 | 31.7.16 |
£ | £ |
Hire purchase contracts |
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9. | SECURED DEBTS |
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The following secured debts are included within creditors: |
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31.7.17 | 31.7.16 |
£ | £ |
Hire purchase contracts | 5,544 | 15,864 |
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10. | RELATED PARTY DISCLOSURES |
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D S Ball |
By virtue of her shareholding and being sole director of the company |
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The company operates from premises which are partly owned by Miss Ball. The rent paid by Almesco Ltd for the factory |
during the year ended 31 July 2017 was £30,864 (2016: £30,864). There was no liability outstanding at the year end. |
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D S Ball |
By virtue of her shareholding and being sole director of the company |
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Included in other creditors is a balance of £235 (2016: £10,043) owed to Miss D S Ball, a directors of the company. |
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11. | ULTIMATE CONTROLLING PARTY |
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The controlling party is D S Ball. |
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Miss D S Ball has control by virtue of her shareholding, and being sole director of the company. |
Chartered Accountants' Report to the Director |
on the Unaudited Financial Statements of |
Almesco Limited |
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The following reproduces the text of the report prepared for the director and members in respect of the company's annual |
unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance |
Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the |
Director are not required to be filed with the Registrar of Companies. |
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In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial |
statements of Almesco Limited for the year ended 31 July 2017 which comprise the Income Statement, Balance Sheet and the |
related notes from the company's accounting records and from information and explanations you have given us. |
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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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
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This report is made solely to the director of Almesco Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Almesco Limited and state those matters that we have agreed to state to the director of Almesco Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Almesco Limited director for our work or for this report. |
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It is your duty to ensure that Almesco 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 Almesco Limited. You consider that Almesco Limited is exempt from the statutory audit requirement for the year. |
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We have not been instructed to carry out an audit or a review of the financial statements of Almesco 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. |
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Chartered Accountants |
Llanover House |
Llanover Road |
Pontypridd |
Mid Glamorgan |
CF37 4DY |
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Date: ............................................. |