REGISTERED NUMBER: 01093145 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2017

FOR

A & I FRASER LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J Fraser

SECRETARY:

I Fraser

REGISTERED OFFICE:

Northwood House

138 Bromham Road

Bedford

MK40 2QW

REGISTERED NUMBER:

01093145 (England and Wales)

ACCOUNTANTS:

Garner Associates LLP

Northwood House

138 Bromham Road

Bedford

Bedfordshire

MK40 2QW

FIXED ASSETS

Tangible assets

4

696,442

660,062

CURRENT ASSETS

Stocks

231,145

188,795

Debtors

5

30,808

12,530

261,953

201,325

CREDITORS

Amounts falling due within one year

6

447,196

370,565

NET CURRENT LIABILITIES

(185,243

)

(169,240

)

TOTAL ASSETS LESS CURRENT LIABILITIES

511,199

490,822

CREDITORS

Amounts falling due after more than one year

7

325,082

286,019

NET ASSETS

186,117

204,803

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

186,017

204,703

SHAREHOLDERS' FUNDS

186,117

204,803

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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

The financial statements were approved by the director on 25 October 2017 and were signed by:

J Fraser - Director

1.	STATUTORY INFORMATION

A & I Fraser Ltd is a private company, limited by shares , registered in England and Wales. 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

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 etc

-

25% on cost and 15% on cost

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 February 2016

658,991

468,580

1,127,571

Additions

56,000

74,483

130,483

Disposals

-

(60,200

)

(60,200

)

At 31 January 2017

714,991

482,863

1,197,854

DEPRECIATION

At 1 February 2016

143,692

323,817

467,509

Charge for year

16,065

44,928

60,993

Eliminated on disposal

-

(27,090

)

(27,090

)

At 31 January 2017

159,757

341,655

501,412

NET BOOK VALUE

At 31 January 2017

555,234

141,208

696,442

At 31 January 2016

515,299

144,763

660,062

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.17

31.1.16

£

£

Trade debtors

19,097

8,248

Other debtors

11,711

4,282

30,808

12,530

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.17

31.1.16

£

£

Bank loans and overdrafts

186,177

163,662

Trade creditors

35,549

12,296

Taxation and social security

1,827

23

Other creditors

223,643

194,584

447,196

370,565

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.17

31.1.16

£

£

Bank loans

301,752

262,503

Other creditors

23,330

23,516

325,082

286,019

31.1.17

31.1.16

£

£

Amounts falling due in more than five years:

Repayable by instalments

Mortgage over 5 years

221,355

180,386