REGISTERED NUMBER: 06444606 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2016

FOR

A & A METALS (KENT) LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mr G Hanson

Mr M Hanson

Mr R Hanson

Ms J Hanson

REGISTERED OFFICE:

93 Bohemia Road

St Leonards on Sea

East Sussex

TN37 6RJ

REGISTERED NUMBER:

06444606 (England and Wales)

ACCOUNTANTS:

Acuity Professional (Sellens French) LLP

91-97 Bohemia Road

St Leonards on Sea

East Sussex

TN37 6RJ

FIXED ASSETS

Intangible assets

4

10,369

21,679

Tangible assets

5

35,418

17,894

45,787

39,573

CURRENT ASSETS

Stocks

9,828

11,394

Debtors

6

7,242

7,400

Cash at bank and in hand

79,656

64,124

96,726

82,918

CREDITORS

Amounts falling due within one year

7

135,382

122,055

NET CURRENT LIABILITIES

(38,656

)

(39,137

)

TOTAL ASSETS LESS CURRENT LIABILITIES

7,131

436

PROVISIONS FOR LIABILITIES

8

5,717

-

NET ASSETS

1,414

436

CAPITAL AND RESERVES

Called up share capital

9

175

175

Retained earnings

10

1,239

261

SHAREHOLDERS' FUNDS

1,414

436

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 20 September 2017 and were signed on its behalf by:

Mr R Hanson - Director

1.	STATUTORY INFORMATION

A & A Metals (Kent) 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 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 2007, is being amortised evenly over its estimated useful life of ten 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

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% 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 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2015 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

Cost

At 1 January 2016

and 31 December 2016

113,102

Amortisation

At 1 January 2016

91,423

Amortisation for year

11,310

At 31 December 2016

102,733

Net book value

At 31 December 2016

10,369

At 31 December 2015

21,679

5.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

Cost

At 1 January 2016

63,328

24,266

11,835

99,429

Additions

-

23,583

-

23,583

At 31 December 2016

63,328

47,849

11,835

123,012

Depreciation

At 1 January 2016

51,811

19,349

10,375

81,535

Charge for year

2,879

2,053

1,127

6,059

At 31 December 2016

54,690

21,402

11,502

87,594

Net book value

At 31 December 2016

8,638

26,447

333

35,418

At 31 December 2015

11,517

4,917

1,460

17,894

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

£

Trade debtors

842

-

Other debtors

4,000

5,000

Prepayments

2,400

2,400

7,242

7,400

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

£

Tax

19,368

24,512

VAT

40,901

23,486

Directors' current accounts

73,134

72,078

Accruals and deferred income

1,979

1,979

135,382

122,055

8.	PROVISIONS FOR LIABILITIES

31.12.16

31.12.15

£

£

Deferred tax

5,717

-

Deferred

tax

£

Provided during year

5,717

Balance at 31 December 2016

5,717

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.16

31.12.15

value:

£

£

100

Ordinary shares

£1

100

100

75

Ordinary A, B & C shares

£1

75

75

175

175

10.

RESERVES

Retained

earnings

£

At 1 January 2016

261

Profit for the year

78,978

Dividends

(78,000

)

At 31 December 2016

1,239

11.	RELATED PARTY DISCLOSURES

During the year, total dividends of £78,000 (2015: £83,000) were paid to the directors.

At balance sheet date, there was an amount due to the directors for £73,134 (2015: £72,078).This is an interest free

advance to the company and does not have a fixed date of repayment

12.	ULTIMATE CONTROLLING PARTY

The company is ultimately controlled by the directors.

13.	FIRST YEAR ADOPTION

The company has adopted the FRS 102 section 1A from 1st January 2016.

The transition has not affected the financial position and performance of the company during the current and

previous year.