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REGISTERED NUMBER:
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A J Building (Hull) Limited |
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Report of the Director and |
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Unaudited Financial Statements for the Year Ended 31st March 2017 |
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REGISTERED NUMBER:
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A J Building (Hull) Limited |
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Report of the Director and |
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Unaudited Financial Statements for the Year Ended 31st March 2017 |
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A J Building (Hull) Limited (Registered number: 03199145) |
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Contents of the Financial Statements |
for the year ended 31st March 2017 |
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Page |
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Company Information | 1 |
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Report of the Director | 2 |
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Income Statement | 3 |
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Balance Sheet | 4 |
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Notes to the Financial Statements | 6 |
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A J Building (Hull) Limited |
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Company Information |
for the year ended 31st March 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 |
Regent's Court |
Princess Street |
Hull |
East Yorkshire HU2 8BA |
A J Building (Hull) Limited (Registered number: 03199145) |
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Report of the Director |
for the year ended 31st March 2017 |
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The director presents his report with the financial statements of the company for the year ended 31st March 2017. |
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PRINCIPAL ACTIVITY |
The principal activity of the company in the year under review was that of building contractors. |
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DIRECTOR |
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POLITICAL DONATIONS AND EXPENDITURE |
The company has not made any political donations. |
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This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 |
relating to small companies. |
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ON BEHALF OF THE BOARD: |
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A J Building (Hull) Limited (Registered number: 03199145) |
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Income Statement |
for the year ended 31st March 2017 |
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2017 | 2016 |
Notes | £ | £ |
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TURNOVER |
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Cost of sales |
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GROSS PROFIT |
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Administrative expenses |
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304,966 | 196,066 |
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Other operating income |
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OPERATING PROFIT | 4 |
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Interest receivable and similar income |
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321,145 | 208,833 |
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Interest payable and similar expenses |
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PROFIT BEFORE TAXATION |
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Tax on profit |
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PROFIT FOR THE FINANCIAL YEAR |
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A J Building (Hull) Limited (Registered number: 03199145) |
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Balance Sheet |
31st March 2017 |
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2017 | 2016 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 5 |
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Investment property | 6 |
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CURRENT ASSETS |
Stocks |
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Debtors | 7 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 8 |
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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 |
9 |
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PROVISIONS FOR LIABILITIES | ( |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 10 |
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Revaluation reserve | 11 |
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Retained earnings | 11 |
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SHAREHOLDERS' FUNDS |
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The director acknowledges his 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. |
A J Building (Hull) Limited (Registered number: 03199145) |
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Balance Sheet - continued |
31st March 2017 |
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The financial statements were approved by the director on
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A J Building (Hull) Limited (Registered number: 03199145) |
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Notes to the Financial Statements |
for the year ended 31st March 2017 |
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1. | STATUTORY INFORMATION |
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A J Building (Hull) Limited is a
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The 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 |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, |
rebates, 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 properties |
Investment properties are 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 |
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 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. |
A J Building (Hull) Limited (Registered number: 03199145) |
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Notes to the Financial Statements - continued |
for the year ended 31st March 2017 |
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2. | ACCOUNTING POLICIES - continued |
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Hire purchase and leasing commitments |
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. |
Those held under hire purchase contracts are depreciated over their estimated useful lives. Those |
held under finance leases are depreciated over their estimated useful lives or the lease term, |
whichever is the shorter. |
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The interest element of these obligations is charged to profit or loss over the relevant period. The |
capital element of the future payments is treated as a liability. |
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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 monthly number of employees during the year was
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4. | OPERATING PROFIT |
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The operating profit is stated after charging: |
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2017 | 2016 |
£ | £ |
Depreciation - owned assets |
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5. | TANGIBLE FIXED ASSETS |
Fixtures |
Freehold | Plant and | and | Motor |
properties | machinery | fittings | vehicles | Totals |
£ | £ | £ | £ | £ |
COST OR VALUATION |
At 1st April 2016 |
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Additions |
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Disposals |
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Revaluations |
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At 31st March 2017 |
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DEPRECIATION |
At 1st April 2016 |
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Charge for year |
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Eliminated on disposal |
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At 31st March 2017 |
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NET BOOK VALUE |
At 31st March 2017 |
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At 31st March 2016 |
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A J Building (Hull) Limited (Registered number: 03199145) |
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Notes to the Financial Statements - continued |
for the year ended 31st March 2017 |
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5. | TANGIBLE FIXED ASSETS - continued |
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Cost or valuation at 31st March 2017 is represented by: |
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Fixtures |
Freehold | Plant and | and | Motor |
properties | machinery | fittings | vehicles | Totals |
£ | £ | £ | £ | £ |
Valuation in 2017 | - | - | - | 1,238 | 1,238 |
Cost | 95,501 | 152,811 | 46,963 | 201,236 | 496,511 |
95,501 | 152,811 | 46,963 | 202,474 | 497,749 |
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If motor vehicles had not been revalued they would have been included at the following historical cost: |
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2017 | 2016 |
£ | £ |
Cost | 201,236 | 139,323 |
Aggregate depreciation | 68,334 | 72,738 |
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Motor vehicles were valued on an open market basis on 30th January 2012 by Evans Halshaw. . |
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Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
Plant and | Motor |
machinery | vehicles | Totals |
£ | £ | £ |
COST OR VALUATION |
At 1st April 2016 |
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Additions |
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Disposals | ( |
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At 31st March 2017 |
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DEPRECIATION |
At 1st April 2016 |
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Charge for year |
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Eliminated on disposal | ( |
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At 31st March 2017 |
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NET BOOK VALUE |
At 31st March 2017 |
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At 31st March 2016 |
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A J Building (Hull) Limited (Registered number: 03199145) |
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Notes to the Financial Statements - continued |
for the year ended 31st March 2017 |
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6. | INVESTMENT PROPERTY |
Total |
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FAIR VALUE |
At 1st April 2016 |
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Additions |
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At 31st March 2017 |
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NET BOOK VALUE |
At 31st March 2017 |
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At 31st March 2016 |
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7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Trade debtors |
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Other debtors |
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8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Bank loans and overdrafts |
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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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9. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
2017 | 2016 |
£ | £ |
Bank loans |
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Hire purchase contracts |
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10. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2017 | 2016 |
value: | £ | £ |
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Ordinary | £1 | 2 | 2 |
A J Building (Hull) Limited (Registered number: 03199145) |
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Notes to the Financial Statements - continued |
for the year ended 31st March 2017 |
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11. | RESERVES |
Retained | Revaluation |
earnings | reserve | Totals |
£ | £ | £ |
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At 1st April 2016 |
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990,944 |
Profit for the year |
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Dividends | ( |
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Motor vehicles | - | (2,300 | ) | (2,300 | ) |
At 31st March 2017 |
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1,079,670 |
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12. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
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The loans are interest free and repayable on demand. |
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Included in other debtors are amounts due from/(to) as follows: |
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2017 | 2016 |
£ | £ |
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K Blake | 1,682 | (6,383 | ) |
1,682 | (6,383 | ) |
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13. | ULTIMATE CONTROLLING PARTY |
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The controlling party is Kris Blake (Hull) Limited. |
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14. | FIRST YEAR ADOPTION |
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The company has adopted FRS 102 for the first time in the year ended 31st March 2017 and |
consequently the transition date is 1st April 2015. |
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The effect of transition from the previous financial reporting framework to FRS102 (Section 1A) is |
outlined below: |
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a) Changes in accounting policies |
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There were no consequential changes in accounting policies as a result of the transition to FRS102 |
(Section 1A). |
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b) Reconciliation of equity shareholders' funds |
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There were no adjustments to previously reported equity shareholders' funds at the date of transition to |
FRS102 (Section 1A). |
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c) Reconciliation of comparative period profit or loss |
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There were no adjustments to previously reported profit or loss. |