1 June 2016 false Taxfiler 2017.48.Web 09585009business:PrivateLimitedCompanyLtd2016-06-012017-05-31 095850092016-05-31 095850092016-06-012017-05-31 09585009business:AuditExemptWithAccountantsReport2016-06-012017-05-31 09585009business:FullAccounts2016-06-012017-05-31 095850092017-05-31 09585009business:Director12016-06-012017-05-31 09585009business:RegisteredOffice2016-06-012017-05-31 095850092016-05-31 09585009core:WithinOneYear2017-05-31 09585009core:WithinOneYear2016-05-31 09585009core:ShareCapital2017-05-31 09585009core:ShareCapital2016-05-31 09585009core:RetainedEarningsAccumulatedLosses2017-05-31 09585009core:RetainedEarningsAccumulatedLosses2016-05-31 09585009business:SmallEntities2016-06-012017-05-31 09585009countries:EnglandWales2016-06-012017-05-31 09585009business:OrdinaryShareClass12016-06-012017-05-31 09585009business:OrdinaryShareClass12015-08-012016-05-31 095850092015-08-012016-05-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 09585009 (England and Wales)
ANDY OLSEN CARPETS & FLOORING LIMITED Unaudited accounts for the year ended 31 May 2017
ANDY OLSEN CARPETS & FLOORING LIMITED Unaudited accounts Contents
Page
- 2 -
ANDY OLSEN CARPETS & FLOORING LIMITED Company Information for the year ended 31 May 2017
Director
ANDREW OLSEN
Company Number
09585009 (England and Wales)
Registered Office
86 HATHERSAGE ROAD HULL HU8 0EN ENGLAND
Accountants
AL ACCOUNTING SOLUTIONS 42 GUILDFORD AVENUE GILLSHILL ROAD HULL EAST YORKSHIRE HU8 0LB
- 3 -
ANDY OLSEN CARPETS & FLOORING LIMITED Statement of financial position as at 31 May 2017
2017 
2016 
Notes
£ 
£ 
Current assets
Debtors
4
5,790 
2,019 
Creditors: amounts falling due within one year
5
(8,569)
(1,464)
Net current (liabilities)/assets
(2,779)
555 
Net (liabilities)/assets
(2,779)
555 
Capital and reserves
Called up share capital
6
100 
100 
Profit and loss account
(2,879)
455 
Shareholders' funds
(2,779)
555 
For the year ending 31 May 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 14 February 2018.
ANDREW OLSEN Director Company Registration No. 09585009
- 4 -
ANDY OLSEN CARPETS & FLOORING LIMITED Notes to the Accounts for the year ended 31 May 2017
1
Statutory information
ANDY OLSEN CARPETS & FLOORING LIMITED is a private company, limited by shares, registered in England and Wales, registration number 09585009. The registered office is 86 HATHERSAGE ROAD, HULL, HU8 0EN, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 31 May 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 August 2015. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset. Deferred tax assets and liabilities are not discounted.
4
Debtors
2017 
2016 
£ 
£ 
Other debtors
5,790 
2,019 
- 5 -
ANDY OLSEN CARPETS & FLOORING LIMITED Notes to the Accounts for the year ended 31 May 2017
5
Creditors: amounts falling due within one year
2017 
2016 
£ 
£ 
Trade creditors
1,138 
640 
Taxes and social security
4,784 
734 
Loans from directors
2,647 
90 
8,569 
1,464 
6
Share capital
2017 
2016 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
7
Average number of employees
During the year the average number of employees was 1 (2016: 1).
- 6 -

Options

Monitor

  • Receive an alert email on changes to financial status
  • Early indications of liquidity problems
  • Warns when company reporting is overdue
  • Free service, no spam emails
Monitor Now

Please Help Us!

Was this document useful to you? Please Like our page. The more Likes we get, the more documents we can supply you free. Thanks.