A_&_D_Sturdy_Limited

A & D STURDY LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MAY 2016

- 1 -

2016

2015

Notes

Fixed assets

Intangible assets

12,500

42,500

Tangible assets

64,930

61,876

77,430

104,376

Current assets

Stocks

1,183,514

899,467

Debtors

123,688

522,199

Cash at bank and in hand

33,552

144

1,340,754

1,421,810

Creditors: amounts falling due within one year

(1,180,028)

(1,248,993)

Net current assets

160,726

172,817

Total assets less current liabilities

238,156

277,193

Provisions for liabilities

(11,000)

(12,000)

227,156

265,193

Capital and reserves

Called up share capital

Profit and loss account

227,155

265,192

Shareholders' funds

227,156

265,193

For the financial year ended 31 May 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 11 November 2016

Mr D J Sturdy

Director

Company Registration No. 05955160

A & D STURDY LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MAY 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.3

Goodwill

Acquired goodwill is written off in equal annual instalments over 10 years.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery

25% reducing balance basis

Fixtures, fittings and equipment

15% reducing balance basis

Motor vehicles

25% reducing balance basis

1.5

Stock and work in progress

Work in progress is valued at the lower of cost and net realisable value.

1.6

Deferred taxation

Deferred taxation is provided at appropriate rates on all timing differences using the liability method only to the extent that, in the opinion of the director, there is a reasonable probability that a liability or asset will crystallise in the foreseeable future.

A & D STURDY LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MAY 2016

- 3 -

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 1 June 2015

300,000

311,562

611,562

Additions

36,468

Disposals

(32,661)

At 31 May 2016

300,000

315,369

615,369

Depreciation

At 1 June 2015

257,500

249,686

507,186

On disposals

(20,839)

Charge for the year

30,000

21,592

51,592

At 31 May 2016

287,500

250,439

537,939

Net book value

At 31 May 2016

12,500

64,930

77,430

At 31 May 2015

42,500

61,876

104,376

Creditors: amounts falling due within one year

The aggregate amount of creditors for which security has been given amounted to £684,999 (2015 - £805,000).