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Registered number: 801702
Associated Liver Launderettes Ltd
Directors' Report and
Unaudited Financial Statements
For The Year Ended 31 March 2016
Bradburn & Co Accountants Ltd

Victoria House
Victoria Mount
Oxton
Wirral
CH43 5TH
Directors' Report and Financial Statements
Contents
Page
Company Information 1
Directors' Report 2
Accountant's Report 3
Profit and Loss Account 4
Balance Sheet 5—6
Notes to the Accounts 7—9
Company Information
Directors Mr John Trapp
Mrs Sharon Gamble
Secretary Mrs Sharon Gamble
Company Number 801702
Registered Office 104 Prescot Road
Liverpool
L7 0JA
Accountants Bradburn & Co Accountants Ltd
Victoria House
Victoria Mount
Oxton
Wirral
CH43 5TH
Page 1
Directors' Report
The directors present their report and the financial statements for the year ended 31 March 2016.
Statement of Directors' Responsibilities
The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). The financial statements are required by law to give a true and fair view of the state of affairs of the company and of the profit or loss for that period. In preparing the financial statements the directors are required to:
  • select suitable accounting policies and then apply them consistently;
  • make judgments and accounting estimates that are reasonable and prudent;
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Principal Activity
The company's principal activity continues to be that of launderette operators and laundry engineers.
Directors
The directors who held office during the year were as follows:
Mr John Trapp
Mrs Sharon Gamble
Small Company Rules
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.
On behalf of the board
Mrs Sharon Gamble
04/11/2016
Page 2
Accountant's Report
In order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company from the accounting records and information and explanations you have given to us.
This report is made to the Company's Board of Directors, as a body, in accordance with the terms of our engagement. Our work has been undertaken so that we might compile the financial statements that we have been engaged to compile, report to the Company's Board of Directors that we have done so, and state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's Board of Directors, as a body, for our work or for this report.
You have acknowledged on the balance sheet as at year ended 31 March 2016 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.
We have not been instructed to carry out an audit of the financial statements. 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 financial statements
04/11/2016
Bradburn & Co Accountants Ltd
Victoria House
Victoria Mount
Oxton
Wirral
CH43 5TH
Page 3
Profit and Loss Account
2016 2015
Notes £ £
TURNOVER 1,465,696 1,421,009
Cost of sales (1,094,166 ) (1,063,576 )
GROSS PROFIT 371,530 357,433
Administrative expenses (311,720 ) (289,988 )
OPERATING PROFIT BEFORE EXCEPTIONAL ITEMS 2 59,810 67,445
Profit on disposal of fixed assets - 527
PROFIT ON ORDINARY ACTIVITIES BEFORE INTEREST 59,810 67,972
Other interest receivable and similar income 243 385
Interest payable and similar charges (13,307 ) (14,007 )
PROFIT ON ORDINARY ACTIVITIES BEFORE TAXATION 46,746 54,350
Tax on profit on ordinary activities 3 (49 ) (77 )
PROFIT FOR THE FINANCIAL YEAR 8 46,697 54,273
Page 4
Balance Sheet
2016 2015
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 652,785 652,118
652,785 652,118
CURRENT ASSETS
Stocks 121,056 125,225
Debtors 5 238,762 154,720
Cash at bank and in hand 53,324 99,768
413,142 379,713
Creditors: Amounts Falling Due Within One Year 6 (632,298 ) (644,899 )
NET CURRENT ASSETS (LIABILITIES) (219,156 ) (265,186 )
TOTAL ASSETS LESS CURRENT LIABILITIES 433,629 386,932
NET ASSETS 433,629 386,932
CAPITAL AND RESERVES
Called up share capital 7 5,000 5,000
Profit and Loss Account 428,629 381,932
SHAREHOLDERS' FUNDS 8 433,629 386,932
Page 5
For the year ending 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2015).
On behalf of the board
Mrs Sharon Gamble
04/11/2016
Page 6
Notes to the Unaudited Accounts
1. Accounting Policies
1.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
1.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold no depreciation
Plant & Machinery 20% straight line
Motor Vehicles 25% reducing balance
1.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2. Operating Profit
The operating profit is stated after charging:
2016 2015
£ £
Directors' remuneration 79,695 74,314
Depreciation of tangible fixed assets 11,075 12,324
3. Tax on Profit on Ordinary Activities
2016 2015
£ £
UK Corporation Tax 49 77
Total Current Tax Charge 49 77
Page 7
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Total
£ £ £ £
Cost
As at 1 April 2015 615,558 235,777 105,459 956,794
Additions - - 11,742 11,742
As at 31 March 2016 615,558 235,777 117,201 968,536
Depreciation
As at 1 April 2015 - 229,777 74,899 304,676
Provided during the period - - 11,075 11,075
As at 31 March 2016 - 229,777 85,974 315,751
Net Book Value
As at 31 March 2016 615,558 6,000 31,227 652,785
As at 1 April 2015 615,558 6,000 30,560 652,118
5. Debtors
2016 2015
£ £
Due within one year
Trade debtors 54,471 45,819
Other debtors 14,032 16,883
Amounts owed by associates 170,259 92,018
238,762 154,720
6. Creditors: Amounts Falling Due Within One Year
2016 2015
£ £
Trade creditors 73,762 102,440
Bank loans and overdrafts 393,054 331,385
Corporation tax 49 77
Other taxes and social security 14,124 16,363
VAT 54,072 43,368
Other creditors 55,776 65,440
Amounts owed to associates 41,461 85,826
632,298 644,899
Page 8
7. Share Capital
Value Number 2016 2015
Allotted, called up and fully paid £ £ £
Ordinary shares 1.000 4500 4,500 4,500
Ordinary A shares 1.000 500 500 500
5000 5,000 5,000
8. Reconciliation of Reserves
Share Capital Profit & Loss Account
£ £
As at 1 April 2015 5,000 381,932
Profit for year - 46,697
As at 31 March 2016 5,000 428,629
9. Ultimate Controlling Party
The company's ultimate controlling party is Mr J T Trapp by virtue of his ownership of 53% of the issued ordinary share capital in the company.
Page 9