back to ALA DRAFTING & DESIGN LTD detail ALA Drafting & Design Ltd - Period Ending 2016-12-31
ALA Drafting & Design Ltd SC520945 false 2016-01-06 2016-12-31 2016-12-31 The principal activity of the company is has been providing design and draughting services for power station upgrades Digita Accounts Production Advanced 6.17.8163.0 Software true SC520945 2016-01-06 2016-12-31 SC520945 2016-12-31 SC520945 core:RetainedEarningsAccumulatedLosses 2016-12-31 SC520945 core:ShareCapital 2016-12-31 SC520945 core:CurrentFinancialInstruments 2016-12-31 SC520945 core:CurrentFinancialInstruments core:WithinOneYear 2016-12-31 SC520945 core:FurnitureFittingsToolsEquipment 2016-12-31 SC520945 bus:SmallEntities 2016-01-06 2016-12-31 SC520945 bus:AuditExemptWithAccountantsReport 2016-01-06 2016-12-31 SC520945 bus:FullAccounts 2016-01-06 2016-12-31 SC520945 bus:RegisteredOffice 2016-01-06 2016-12-31 SC520945 bus:Director1 2016-01-06 2016-12-31 SC520945 bus:PrivateLimitedCompanyLtd 2016-01-06 2016-12-31 SC520945 bus:Agent1 2016-01-06 2016-12-31 SC520945 core:RetainedEarningsAccumulatedLosses 2016-01-06 2016-12-31 SC520945 core:ShareCapital 2016-01-06 2016-12-31 SC520945 core:FurnitureFittingsToolsEquipment 2016-01-06 2016-12-31 SC520945 countries:Scotland 2016-01-06 2016-12-31 SC520945 2016-01-05 SC520945 core:RetainedEarningsAccumulatedLosses 2016-01-05 SC520945 core:ShareCapital 2016-01-05 iso4217:GBP

Registration number: SC520945

ALA Drafting & Design Ltd

Annual Report and Unaudited Financial Statements

for the Period from 6 January 2016 to 31 December 2016

Roderick Gunkel & Associates Ltd
Orchardlea
Callander
FK17 8BG

 

ALA Drafting & Design Ltd

Contents

Company Information

1

Director's Report

2

Accountants' Report

3

Profit and Loss Account

4

Balance Sheet

5

Statement of Changes in Equity

6

Notes to the Financial Statements

7 to 9

Non-statutory pages

10 to 11

 

ALA Drafting & Design Ltd

Company Information

Directors

Alan Arthur

Registered office

30 Langside Drive
Kilbarchan
Johnstone
PA10 2EW

Bankers

Santander
7 High Street
Renfrew
PA4 8HY

Accountants

Roderick Gunkel & Associates Ltd
Orchardlea
Callander
FK17 8BG

 

ALA Drafting & Design Ltd

Director's Report for the Period from 6 January 2016 to 31 December 2016

The director presents his report and the financial statements for the period from 6 January 2016 to 31 December 2016.

Director of the company

The director who held office during the period was as follows:

Alan Arthur

Principal activity

The principal activity of the company has been providing design and draughting services for power station upgrades

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved by the Board on 29 March 2017 and signed on its behalf by:

.........................................
Alan Arthur
Director

 

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
ALA Drafting & Design Ltd
for the Period Ended 31 December 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of ALA Drafting & Design Ltd for the period ended 31 December 2016 as set out on pages 4 to 9 from the company's accounting records and from information and explanations you have given us.
 

As a member of the Association of Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com.
 

This report is made solely to the Board of Directors of ALA Drafting & Design Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of ALA Drafting & Design Ltd and state those matters that we have agreed to state to the Board of Directors of ALA Drafting & Design Ltd, as a body, in this report.

This is in accordance with the requirements of the Association of Chartered Certified Accountants detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.doc. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than ALA Drafting & Design Ltd and its Board of Directors as a body for our work or for this report.
 

It is your duty to ensure that ALA Drafting & Design Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of ALA Drafting & Design Ltd. You consider that ALA Drafting & Design Ltd is exempt from the statutory audit requirement for the period.
 

We have not been instructed to carry out an audit or a review of the accounts of ALA Drafting & Design Ltd. 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 accounts.

.................................................................

Roderick Gunkel & Associates Ltd
Orchardlea
Callander
FK17 8BG

29 March 2017

 

ALA Drafting & Design Ltd

Profit and Loss Account for the Period from 6 January 2016 to 31 December 2016

Note

Total
31 December
2016
£

Turnover

 

84,031

Cost of sales

 

(2,586)

Gross profit

 

81,445

Administrative expenses

 

(23,615)

Operating profit

 

57,830

Other interest receivable and similar income

 

54

 

54

Profit before tax

3

57,884

Taxation

 

(11,370)

Profit for the financial period

 

46,514

The above results were derived from continuing operations.

The company has no recognised gains or losses for the period other than the results above.

 

ALA Drafting & Design Ltd

(Registration number: SC520945)
Balance Sheet as at 31 December 2016

Note

2016
£

Fixed assets

 

Tangible assets

4

1,300

Current assets

 

Cash at bank and in hand

 

40,442

Creditors: Amounts falling due within one year

5

(15,628)

Net current assets

 

24,814

Net assets

 

26,114

Capital and reserves

 

Called up share capital

100

Profit and loss account

26,014

Total equity

 

26,114

For the financial period ending 31 December 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 29 March 2017
 

.........................................

Alan Arthur

Director

 

ALA Drafting & Design Ltd

Statement of Changes in Equity for the Period from 6 January 2016 to 31 December 2016

Share capital
£

Profit and loss account
£

Total
£

At 6 January 2016

100

-

100

Profit for the period

-

46,514

46,514

Total comprehensive income

-

46,514

46,514

Dividends

-

(20,500)

(20,500)

At 31 December 2016

100

26,014

26,114

 

ALA Drafting & Design Ltd

Notes to the Financial Statements for the Period from 6 January 2016 to 31 December 2016

1

General information

The company is a private company limited by share capital incorporated in Scotland.

The address of its registered office is:
30 Langside Drive
Kilbarchan
Johnstone
PA10 2EW

These financial statements were authorised for issue by the director on 29 March 2017.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

ALA Drafting & Design Ltd

Notes to the Financial Statements for the Period from 6 January 2016 to 31 December 2016

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures, fittings, equipment

20-50% p.a reducing balance basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Profit before tax

Arrived at after charging/(crediting)

2016
£

Depreciation expense

625

 

ALA Drafting & Design Ltd

Notes to the Financial Statements for the Period from 6 January 2016 to 31 December 2016

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

Additions

1,925

1,925

At 31 December 2016

1,925

1,925

Depreciation

Charge for the

625

625

At 31 December 2016

625

625

Carrying amount

At 31 December 2016

1,300

1,300

5

Creditors

Note

2016
£

Due within one year

 

Bank loans and overdrafts

6

397

Taxation and social security

 

2,660

Other creditors

 

12,571

 

15,628

6

Loans and borrowings

2016
£

Current loans and borrowings

Director current accounts

397

 

ALA Drafting & Design Ltd

Detailed Profit and Loss Account for the Period from 6 January 2016 to 31 December 2016

6 January 2016 to 31 December 2016
 £

Turnover (analysed below)

84,031

Cost of sales (analysed below)

(2,586)

Gross profit

81,445

Gross profit (%)

96.92%

Administrative expenses

Employment costs (analysed below)

(17,928)

General administrative expenses (analysed below)

(5,062)

Depreciation costs (analysed below)

(625)

(23,615)

Operating profit

57,830

Other interest receivable and similar income (analysed below)

54

Profit before tax

57,884

 

ALA Drafting & Design Ltd

Detailed Profit and Loss Account for the Period from 6 January 2016 to 31 December 2016

6 January 2016 to 31 December 2016
 £

Turnover

Sales, UK

84,031

Cost of sales

Rechargeable expenses

132

Travel - subsistence

633

Use of private cars

1,821

(2,586)

Employment costs

Wages and salaries

7,428

Directors remuneration

10,500

(17,928)

General administrative expenses

Insurance

106

Use of home as office

800

Mobile phone contract

635

Postage and stationery

39

Use of home broadband

45

Sundry expenses

20

Advertising - admin

396

Customer entertaining (disallowable for tax)

267

Accountancy fees

2,754

(5,062)

Depreciation costs

Depreciation

(625)

Operating profit

57,830

Other interest receivable and similar income

Bank interest receivable

54

Profit before tax

57,884