A A Broughton & Son Limited - Period Ending 2015-09-30

A A Broughton & Son Limited

Unaudited Abbreviated Accounts

for the Year Ended 30 September 2015

M W Burrough & Co
Chartered Accountants
10 South Street
Bridport
Dorset
DT6 3NJ

A A Broughton & Son Limited
Contents

Accountants' Report

Abbreviated Balance Sheet

Notes to the Abbreviated Accounts

3 to 5

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 5) have been prepared.

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
A A Broughton & Son Limited
for the Year Ended 30 September 2015

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of A A Broughton & Son Limited for the year ended 30 September 2015 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of A A Broughton & Son Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of A A Broughton & Son Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than A A Broughton & Son Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that A A Broughton & Son Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of A A Broughton & Son Limited. You consider that A A Broughton & Son Limited 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 accounts of A A Broughton & Son Limited. 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 accounts.

......................................

M W Burrough & Co
Chartered Accountants
10 South Street
Bridport
Dorset
DT6 3NJ

27 June 2016

Page 1

A A Broughton & Son Limited
(Registration number: 00651060)
Abbreviated Balance Sheet at 30 September 2015

	Note	2015 £	2014 £
Fixed assets
Tangible fixed assets		1,554,702	1,570,511
Current assets
Stocks		307,511	310,518
Debtors		139,225	397,184
Investments		45	45
Cash at bank and in hand		205,519	6,040
		652,300	713,787
Creditors: Amounts falling due within one year		(108,796)	(215,143)
Net current assets		543,504	498,644
Total assets less current liabilities		2,098,206	2,069,155
Creditors: Amounts falling due after more than one year		(1,073,197)	(1,105,573)
Provisions for liabilities		(75,938)	(69,004)
Net assets		949,071	894,578
Capital and reserves
Called up share capital	4	11,792	11,792
Share premium account		686,309	686,309
Profit and loss account		250,970	196,477
Shareholders' funds		949,071	894,578

For the year ending 30 September 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the director on 27 June 2016

.........................................
Mr James Donne Broughton
Director

The notes on pages 3 to 5 form an integral part of these financial statements.
Page 2

A A Broughton & Son Limited
Notes to the Abbreviated Accounts for the Year Ended 30 September 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Leasehold property	Straight line over the life of the lease
Plant and machinery	15% reducing balance
Tractors	30% reducing balance
Motor vehicles	25% reducing balance

Current asset investments

Current asset investments are included at the lower of cost and net realisable value.

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Page 3

A A Broughton & Son Limited
Notes to the Abbreviated Accounts for the Year Ended 30 September 2015
......... continued

Assets held under finance leases, which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet as tangible fixed assets and are depreciated over the shorter of the lease term and their useful lives. The capital elements of future obligations under the leases are included as liabilities in the balance sheet. The interest element of the rental obligation is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding. Assets held under hire purchase agreements are capitalised as tangible fixed assets and are depreciated over the shorter of the lease term and their useful lives. The capital element of future finance payments is included within creditors. Finance charges are allocated to accounting periods over the length of the contract and represent a constant proportion of the balance of capital repayments outstanding.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Pensions

The company operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.

2	Fixed assets

	Tangible assets £	Total £
Cost
At 1 October 2014	2,427,647	2,427,647
Additions	100,633	100,633
Disposals	(49,337)	(49,337)
At 30 September 2015	2,478,943	2,478,943
Depreciation
At 1 October 2014	857,136	857,136
Charge for the year	108,632	108,632
Eliminated on disposals	(41,527)	(41,527)
At 30 September 2015	924,241	924,241
Net book value
At 30 September 2015	1,554,702	1,554,702
At 30 September 2014	1,570,511	1,570,511

Page 4

A A Broughton & Son Limited
Notes to the Abbreviated Accounts for the Year Ended 30 September 2015
......... continued

Creditors

Creditors includes the following liabilities, on which security has been given by the company:

	2015 £	2014 £

Amounts falling due within one year	-	119,835
Amounts falling due after more than one year	-	1,066,653
Total secured creditors	-	1,186,488

Included in the creditors are the following amounts due after more than five years:

	2015 £	2014 £

After more than five years by instalments	971,126	992,953

4	Share capital

Allotted, called up and fully paid shares

	2015			2014
		No.	£		No.	£
Ordinary of £1 each		11,692	11,692		11,692	11,692
Ordinary A of £1 each		100	100		100	100
		11,792	11,792		11,792	11,792

Control

The company is controlled by shareholders.

Page 5