REGISTERED NUMBER: 00637427 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 October 2016

for

A.Hemingway and Sons Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Adrian Hemingway

Andrew Hemingway

Roger Hemingway

Richard Vincent Hemingway

REGISTERED OFFICE:

419 Whitley Lane

Grenoside

Sheffield

South Yorkshire

S35 8RP

REGISTERED NUMBER:

00637427 (England and Wales)

ACCOUNTANTS:

Royston Parkin Limited

Chartered Certified Accountants

& Statutory Auditor

2 President Buildings

Sheffield

South Yorkshire

S4 7UQ

FIXED ASSETS

Tangible assets

2

518,814

536,132

CURRENT ASSETS

Stocks

218,750

218,750

Debtors

51,931

79,741

Cash in hand

-

1,057

270,681

299,548

CREDITORS

Amounts falling due within one year

3

188,314

250,220

NET CURRENT ASSETS

82,367

49,328

TOTAL ASSETS LESS CURRENT LIABILITIES

601,181

585,460

CAPITAL AND RESERVES

Called up share capital

4

6,000

6,000

Revaluation reserve

521,583

521,583

Profit and loss account

73,598

57,877

SHAREHOLDERS' FUNDS

601,181

585,460

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 2 May 2017 and were signed on its behalf by:

Richard Vincent Hemingway - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention as modified by the

revaluation of certain assets and in accordance with the Financial Reporting Standard for Smaller

Entities (effective January 2015).

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the company

qualifies as a small company.

Turnover

Turnover is the amount derived from ordinary activities, and stated after trade discounts, other sales

taxes and net of VAT.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

2% on reducing balance

Plant and machinery

-

33% on reducing balance and 10% on reducing balance

Motor vehicles

-

25% on reducing balance and 15% on reducing balance

Stocks

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 items.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis

over the period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST OR VALUATION

At 1 November 2015

and 31 October 2016

808,723

DEPRECIATION

At 1 November 2015

272,591

Charge for year

17,318

At 31 October 2016

289,909

NET BOOK VALUE

At 31 October 2016

518,814

At 31 October 2015

536,132

3.

CREDITORS

Creditors include an amount of £ 64,027 (2015 - £ 75,117 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

6,000

Ordinary

£1

6,000

6,000