REGISTERED NUMBER: 07095455 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2016

for

A & A Arable Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

A J Wells

Mrs A Wells

SECRETARY:

A J Wells

REGISTERED OFFICE:

Hall Farm

Newton on Trent

Lincoln

Lincolnshire

LN1 2LL

REGISTERED NUMBER:

07095455 (England and Wales)

ACCOUNTANTS:

Wright Vigar Limited

Chartered Accountants & Business Advisers

15 Newland

Lincoln

Lincolnshire

LN1 1XG

FIXED ASSETS

Tangible assets

4

1,466

1,176

CURRENT ASSETS

Debtors

5

392,128

808,111

Cash at bank

570,071

52,052

962,199

860,163

CREDITORS

Amounts falling due within one year

6

101,705

151,927

NET CURRENT ASSETS

860,494

708,236

TOTAL ASSETS LESS CURRENT LIABILITIES

861,960

709,412

PROVISIONS FOR LIABILITIES

293

235

NET ASSETS

861,667

709,177

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

861,567

709,077

SHAREHOLDERS' FUNDS

861,667

709,177

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 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 Board of Directors on 11 September 2017 and were signed on its behalf by:

A J Wells - Director

1.	STATUTORY INFORMATION

A & A Arable Limited 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 represents net invoiced fees, 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

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's

pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2015 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

COST

At 1 January 2016

1,488

1,068

2,556

Additions

-

541

541

At 31 December 2016

1,488

1,609

3,097

DEPRECIATION

At 1 January 2016

767

613

1,380

Charge for year

108

143

251

At 31 December 2016

875

756

1,631

NET BOOK VALUE

At 31 December 2016

613

853

1,466

At 31 December 2015

721

455

1,176

5.

DEBTORS

2016

2015

£

£

Amounts falling due within one year:

Trade debtors

85,490

51,530

Other debtors

-

450,000

Prepayments

1,638

1,581

87,128

503,111

Amounts falling due after more than one year:

Other debtors

305,000

305,000

Aggregate amounts

392,128

808,111

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Trade creditors

1,773

1,787

Tax

43,065

30,140

VAT

16,406

10,979

Directors' current accounts

39,021

107,621

Accrued expenses

1,440

1,400

101,705

151,927

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

100

Ordinary

£1

100

100

8.	RELATED PARTY DISCLOSURES

Other debtors falling due within one year includes £Nil(2015 £450,000) in respect of a loan to H C Grimes & Son

Limited a company in which A J and Mrs A Wells are directors and Mrs A Wells has a controlling interest.

Other debtors falling due after more than one year consists of a loan to H C Grimes & Son Limited.

9.	FIRST YEAR ADOPTION

No adjustments arose on the adoption of FRS 102