REGISTERED NUMBER: NI012137 (Northern Ireland)

Unaudited Financial Statements for the Year Ended 31 March 2017

for

A & N Shilliday & Co. Limited

Page

Company Information

1

Report of the Accountants

2

Abridged Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

M Shilliday

R Shilliday

REGISTERED OFFICE:

12 Ballinahonemore Road

Armagh

Co. Armagh

BT60 1ED

REGISTERED NUMBER:

NI012137 (Northern Ireland)

ACCOUNTANTS:

WHR Accountants Ltd

Chartered Certified Accountants

Statutory Auditors

56 English Street

Armagh

Co. Armagh

BT61 7LG

BANKERS:

Bank of Ireland

11 Upper English Street

Armagh

Co. Armagh

BT61 7BH

The following reproduces the text of the report prepared for the directors and members in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance

Sheet. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the

Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2017 set out on pages four to eight and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

WHR Accountants Ltd

Chartered Certified Accountants

Statutory Auditors

56 English Street

Armagh

Co. Armagh

BT61 7LG

22 June 2017

FIXED ASSETS

Tangible assets

4

108,118

146,554

CURRENT ASSETS

Stocks

133,772

163,122

Debtors

435,768

287,745

Cash at bank

186,473

210,358

756,013

661,225

CREDITORS

Amounts falling due within one year

498,537

492,450

NET CURRENT ASSETS

257,476

168,775

TOTAL ASSETS LESS CURRENT LIABILITIES

365,594

315,329

CREDITORS

Amounts falling due after more than one year

(2,083

)

(22,083

)

PROVISIONS FOR LIABILITIES

(9,484

)

(5,906

)

NET ASSETS

354,027

287,340

CAPITAL AND RESERVES

Called up share capital

10,000

10,000

Retained earnings

344,027

277,340

SHAREHOLDERS' FUNDS

354,027

287,340

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2017 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 22 June 2017 and were signed on its behalf by:

M Shilliday - Director

R Shilliday - Director

1.	STATUTORY INFORMATION

A & N Shilliday & Co. Limited is a private company, limited by shares , registered in Northern Ireland. The company's

registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

First-time adoption of FRS 102

The Company has adopted FRS 102 for the first time in the year ended 31/03/2017. The date of transition to FRS 102 is

01/04/2015.

There are no consequential changes in accounting policies or transition adjustments to note resulting from adoption of FRS

102 from the previous financial reporting framework.

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Motor vans

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving

items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent

that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively

enacted by the balance sheet date.

Deferred tax

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

date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in

which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been

enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be

recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 28 .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2016

613,480

Additions

27,470

Disposals

(63,995

)

At 31 March 2017

576,955

DEPRECIATION

At 1 April 2016

466,926

Charge for year

35,917

Eliminated on disposal

(34,006

)

At 31 March 2017

468,837

NET BOOK VALUE

At 31 March 2017

108,118

At 31 March 2016

146,554