A & S Sons Ltd

		2015		2014
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	2		50,750		54,375
Tangible Assets	3		9,599		11,999

			60,349		66,374
CURRENT ASSETS
Stocks		57,214		42,198
Cash at bank and in hand		(6,430)		(4,911)

		50,784		37,287
Creditors: Amounts Falling Due Within One Year		(136,722)		(96,802)

NET CURRENT ASSETS (LIABILITIES)			(85,938)		(59,515)

TOTAL ASSETS LESS CURRENT LIABILITIES			(25,589)		6,859

Creditors: Amounts Falling Due After More Than One Year	4		-		(6,432)

NET ASSETS			(25,589)		427

CAPITAL AND RESERVES
Called up share capital	5		100		100
Profit and Loss Account			(25,689)		327

SHAREHOLDERS' FUNDS			(25,589)		427

Page 1

A & S Sons Ltd

Company No. 07042676

Abbreviated Balance Sheet (continued) 31 October 2015

For the year ending 31 October 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These abbreviated accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).

On behalf of the board

Mrs Ayesha Noor

11/07/2016

Accounting Policies

Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... years.

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 of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold	5% SL
Fixtures & Fittings	20% NBV

Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

Intangible Assets


	Total
Cost	£
As at 1 November 2014	72,500

As at 31 October 2015	72,500

Amortisation
As at 1 November 2014	18,125
Provided during the period	3,625

As at 31 October 2015	21,750

Net Book Value
As at 31 October 2015	50,750

As at 1 November 2014	54,375

Page 3

A & S Sons Ltd

Notes to the Abbreviated Accounts (continued)

For The Year Ended 31 October 2015

Tangible Assets


	Total
Cost	£
As at 1 November 2014	44,999

As at 31 October 2015	44,999

Depreciation
As at 1 November 2014	33,000
Provided during the period	2,400

As at 31 October 2015	35,400

Net Book Value
As at 31 October 2015	9,599

As at 1 November 2014	11,999

Creditors: Amounts Falling Due After More Than One Year

	2015	2014
	£	£
Bank loans	-	6,432

Share Capital

	Value	Number	2015	2014
Allotted, called up and fully paid	£		£	£
Ordinary shares	100.000	1	100	100

Transactions With and Loans to Directors

Dividends paid to directors