REGISTERED NUMBER: 07267443 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2017

FOR

A & D STEELE LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

D Steele

REGISTERED OFFICE:

The Oaks

Hill Road

Craswell

Herefordshire

HR2 0PN

REGISTERED NUMBER:

07267443 (England and Wales)

ACCOUNTANTS:

Bernard Edge & Co

The Old Courts

147 All Saints Road

Newmarket

Suffolk

CB8 8HH

FIXED ASSETS

Tangible assets

4

3,110

3,910

CURRENT ASSETS

Debtors

5

5,090

6,577

Cash at bank

3,579

1,755

8,669

8,332

CREDITORS

Amounts falling due within one year

6

5,111

10,033

NET CURRENT ASSETS/(LIABILITIES)

3,558

(1,701

)

TOTAL ASSETS LESS CURRENT LIABILITIES

6,668

2,209

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

6,468

2,009

SHAREHOLDERS' FUNDS

6,668

2,209

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 8 February 2018 and were signed by:

D Steele - Director

1.	STATUTORY INFORMATION

A & D Steele 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

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 June 2016

and 31 May 2017

10,161

2,050

12,211

DEPRECIATION

At 1 June 2016

7,191

1,110

8,301

Charge for year

570

230

800

At 31 May 2017

7,761

1,340

9,101

NET BOOK VALUE

At 31 May 2017

2,400

710

3,110

At 31 May 2016

2,970

940

3,910

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

1,950

5,975

Other debtors

3,140

602

5,090

6,577

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Taxation and social security

1,139

549

Other creditors

3,972

9,484

5,111

10,033

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2017 and

31 May 2016:

2017

2016

£

£

D Steele

Balance outstanding at start of year

(7,688

)

(8,188

)

Amounts advanced

12,500

10,410

Amounts repaid

(6,958

)

(9,910

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(2,146

)

(7,688

)

8.	ULTIMATE CONTROLLING PARTY

The controlling party is D Steele.