REGISTERED NUMBER: 04609018 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2018

FOR

A & R FENCING CONTRACTORS LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

Chartered Certified Accountants' Report

8

DIRECTORS:

I Anderson

S Anderson

S P Anderson

REGISTERED OFFICE:

1 Tape Street

Cheadle

Stoke On Trent

Staffordshire

ST10 1BB

REGISTERED NUMBER:

04609018 (England and Wales)

ACCOUNTANTS:

Curtis Accountants Ltd

1 Tape Street

Cheadle

Stoke On Trent

Staffordshire

ST10 1BB

FIXED ASSETS

Intangible assets

4

-

1,100

Property, plant and equipment

5

143,296

139,907

143,296

141,007

CURRENT ASSETS

Inventories

6

25,000

30,000

Debtors

7

447,667

369,412

Cash at bank

82,157

38,588

554,824

438,000

CREDITORS

Amounts falling due within one year

8

269,446

274,568

NET CURRENT ASSETS

285,378

163,432

TOTAL ASSETS LESS CURRENT LIABILITIES

428,674

304,439

CREDITORS

Amounts falling due after more than one year

9

(19,861

)

(28,195

)

PROVISIONS FOR LIABILITIES

10

(27,226

)

(27,891

)

NET ASSETS

381,587

248,353

CAPITAL AND RESERVES

Called up share capital

3

3

Retained earnings

381,584

248,350

SHAREHOLDERS' FUNDS

381,587

248,353

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2018 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors on 24 September 2018 and were signed on its behalf by:

I Anderson - Director

S P Anderson - Director

S Anderson - Director

1.	STATUTORY INFORMATION

A & R FENCING CONTRACTORS 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.

There were no material departures from that standard.

The financial statements have been prepared on a going concern basis which assumes that the Company will

continue in operational existence for the foreseeable future.

Turnover

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

value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of fifteen years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

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

Stocks

Inventories 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 statement of financial position date.

Deferred tax

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

statement of financial position 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.

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 14 (2017 - 13 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 March 2017

and 28 February 2018

16,500

AMORTISATION

At 1 March 2017

15,400

Amortisation for year

1,100

At 28 February 2018

16,500

NET BOOK VALUE

At 28 February 2018

-

At 28 February 2017

1,100

5.	PROPERTY, PLANT AND EQUIPMENT

Motor

Equipment

vehicles

Totals

£

£

£

COST

At 1 March 2017

34,322

203,183

237,505

Additions

4,364

60,295

64,659

Disposals

-

(21,567

)

(21,567

)

At 28 February 2018

38,686

241,911

280,597

DEPRECIATION

At 1 March 2017

13,616

83,982

97,598

Charge for year

6,269

41,501

47,770

Eliminated on disposal

-

(8,067

)

(8,067

)

At 28 February 2018

19,885

117,416

137,301

NET BOOK VALUE

At 28 February 2018

18,801

124,495

143,296

At 28 February 2017

20,706

119,201

139,907

6.	INVENTORIES

2018

2017

£

£

Stocks

25,000

30,000

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

417,600

292,685

Debtors and Prepayments

30,067

76,727

447,667

369,412

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Hire purchase contracts

38,056

28,333

Trade creditors

51,271

-

Tax

50,716

29,940

Social security and other taxes

3,624

2,876

VAT

44,699

59,686

Directors' current accounts

71,422

62,172

Creditors and Accruals

9,658

91,561

269,446

274,568

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2018

2017

£

£

Hire purchase contracts

19,861

28,195

10.	PROVISIONS FOR LIABILITIES

2018

2017

£

£

Deferred tax

27,226

27,891

Deferred

tax

£

Balance at 1 March 2017

27,891

Provided during year

(665

)

Balance at 28 February 2018

27,226

The following reproduces the text of the report prepared for the directors 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 Statement of Financial Position. Readers are cautioned that the Statement of Comprehensive Income and

certain other primary statements and the Report of the Directors are not required to be filed with the Registrar

of Companies.

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 & R FENCING CONTRACTORS LTD for the year ended 28 February 2018 which comprise

the Statement of Comprehensive Income, Statement of Financial Position, Statement of Changes in Equity 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of A & R FENCING CONTRACTORS LTD, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of A & R FENCING CONTRACTORS LTD and state those matters that we have agreed to state to the Board of Directors of A & R FENCING CONTRACTORS LTD, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that A & R FENCING CONTRACTORS LTD 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 profit of A & R FENCING CONTRACTORS LTD. You consider that A & R FENCING CONTRACTORS LTD 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 & R FENCING CONTRACTORS LTD. 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.

Curtis Accountants Ltd

1 Tape Street

Cheadle

Stoke On Trent

Staffordshire

ST10 1BB

24 September 2018