REGISTERED NUMBER: 04432968

Abbreviated Unaudited Accounts

for the Year Ended 31 October 2016

for

A. A. & B. W. Slack Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Chartered Accountants' Report

6

DIRECTORS:

A A Slack

B W Slack

SECRETARY:

A A Slack

REGISTERED OFFICE:

18 St Christopher's Way

Pride Park

Derby

Derbyshire

DE24 8JY

REGISTERED NUMBER:

04432968

ACCOUNTANTS:

HSKS Greenhalgh

Chartered Accountants

The Lion Buildings

8 Market Place

Uttoxeter

Staffordshire

ST14 8HP

FIXED ASSETS

Tangible assets

2

112,953

110,994

Investments

3

2,753

2,753

115,706

113,747

CURRENT ASSETS

Stocks

24,634

24,616

Debtors

29,785

26,600

Cash at bank

-

10,036

54,419

61,252

CREDITORS

Amounts falling due within one year

191,610

178,077

NET CURRENT LIABILITIES

(137,191

)

(116,825

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(21,485

)

(3,078

)

PROVISIONS FOR LIABILITIES

-

1,981

NET LIABILITIES

(21,485

)

(5,059

)

CAPITAL AND RESERVES

Called up share capital

4

20

20

Profit and loss account

(21,505

)

(5,079

)

SHAREHOLDERS' FUNDS

(21,485

)

(5,059

)

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 28 July 2017 and were signed on its behalf by:

A A Slack - Director

B W Slack - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

For the year ended 31 October 2016, the company made a loss after tax of £16,426 and had net

liabilities of £21,485. The company is therefore dependent upon the continued support of its bankers

and creditors in order to meet its obligations.

In the opinion of the directors, the company will have adequate cash resources available to finance its

activities and other obligations during the course of the twelve months from the date of approval of

these financial statements. It is on this basis that the directors consider it appropriate to prepare the

financial statements on a going concern basis.

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance

with the Financial Reporting Standard for Smaller Entities (effective January 2015).

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.

Buildings

-

15% on reducing balance

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

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.

Deferred tax

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

reversed at the balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2015

167,765

Additions

6,466

At 31 October 2016

174,231

DEPRECIATION

At 1 November 2015

56,771

Charge for year

4,507

At 31 October 2016

61,278

NET BOOK VALUE

At 31 October 2016

112,953

At 31 October 2015

110,994

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 November 2015

and 31 October 2016

2,753

NET BOOK VALUE

At 31 October 2016

2,753

At 31 October 2015

2,753

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

20

Ordinary

£1

20

20

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 October 2016 and

31 October 2015:

2016

2015

£

£

A A Slack

Balance outstanding at start of year

112,425

95,130

Amounts advanced

(8,437

)

(8,716

)

Amounts repaid

25,486

26,011

Balance outstanding at end of year

129,474

112,425

B W Slack

Balance outstanding at start of year

58,478

47,164

Amounts advanced

(9,176

)

(6,970

)

Amounts repaid

8,060

18,284

Balance outstanding at end of year

57,362

58,478

The amounts owed to A A Slack and B W Slack shown above are included within creditors (note 8.)

These are interest free and unsecured with no fixed repayment date.

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

annual unaudited financial statements, from which the unaudited abbreviated accounts (set out on

pages two to five) have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval

the financial statements of A. A. & B. W. Slack Limited for the year ended 31 October 2016 which comprise

the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records

and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of A. A. & B. W. Slack Limited, as a body, in accordance with the terms of our engagement letter dated 30 September 2015. Our work has been undertaken solely to prepare for your approval the financial statements of A. A. & B. W. Slack Limited and state those matters that we have agreed to state to the Board of Directors of A. A. & B. W. Slack Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than A. A. & B. W. Slack Limited Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that A. A. & B. W. Slack Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of A. A. & B. W. Slack Limited. You consider that A. A. & B. W. Slack Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of A. A. & B. W. Slack Limited. 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 financial statements.

HSKS Greenhalgh

Chartered Accountants

The Lion Buildings

8 Market Place

Uttoxeter

Staffordshire

ST14 8HP

31 July 2017