A & B White (Frinkley) Ltd

		2016		2015
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	2		2,941,678		2,928,416

			2,941,678		2,928,416
CURRENT ASSETS
Stocks		455,701		446,618
Debtors		147,053		163,788
Cash at bank and in hand		28,442		17,976

		631,196		628,382
Creditors: Amounts Falling Due Within One Year		(216,376 )		(183,784 )

NET CURRENT ASSETS (LIABILITIES)			414,820		444,598

TOTAL ASSETS LESS CURRENT LIABILITIES			3,356,498		3,373,014

Creditors: Amounts Falling Due After More Than One Year	3		(1,525,433 )		(1,583,848 )

NET ASSETS			1,831,065		1,789,166

CAPITAL AND RESERVES
Called up share capital	4		4,000		4,000
Share premium account			758,950		758,950
Profit and Loss Account			1,068,115		1,026,216

SHAREHOLDERS' FUNDS			1,831,065		1,789,166

Company No. 2514905

Abbreviated Balance Sheet (continued) 30 September 2016

For the year ending 30 September 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 abbreviated 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

Mr Andrew White

26 April 2017

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 January 2015).

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	Over 15 years
Plant & Machinery	15% and 20% reducing balance and 4% straight line

1.4. Investment properties

Investment properties shall not be subject to periodic charges for depreciation except for properties held on lease, which shall be depreciated at least over the period when the unexpired term is 20 years or less.

Investment properties shall be included in the balance sheet at their market value.

1.5. Leasing and Hire Purchase Contracts

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.

1.6. 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.

1.7. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

Page 2

A & B White (Frinkley) Ltd

Notes to the Abbreviated Accounts (continued)

For The Year Ended 30 September 2016

2. Tangible Assets


	Total
Cost	£
As at 1 October 2015	3,883,107
Additions	107,980
Disposals	(60,460 )

As at 30 September 2016	3,930,627

Depreciation
As at 1 October 2015	954,691
Provided during the period	86,717
Disposals	(52,459 )

As at 30 September 2016	988,949

Net Book Value
As at 30 September 2016	2,941,678

As at 1 October 2015	2,928,416

Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:

	2016	2015
	£	£
Plant & Machinery	80,000	-

	80,000	-

3. Creditors: Amounts Falling Due After More Than One Year

	2016	2015
	£	£
Net obligations under finance lease and hire purchase contracts	37,500	-
Bank loans	281,505	319,348
Directors loan account	1,206,428	1,264,500

	1,525,433	1,583,848

Page 3

A & B White (Frinkley) Ltd

Notes to the Abbreviated Accounts (continued)

For The Year Ended 30 September 2016

4. Share Capital

	Value	Number	2016	2015
Allotted, called up and fully paid	£		£	£
Ordinary shares	1.000	4000	4,000	4,000