REGISTERED NUMBER: 02894544 (England and Wales)

ABRIDGED UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2017

FOR

A & K HOSIERY LTD

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

Chartered Certified Accountants' Report

7

DIRECTOR:

Mr A V Morris

SECRETARY:

Mrs K Morris

REGISTERED OFFICE:

Valentine Trade Park

104 Gelderd Road

Leeds

LS12 6BY

REGISTERED NUMBER:

02894544 (England and Wales)

ACCOUNTANTS:

G L Barker & Co LLP

Chartered Certified Accountants

49 Austhorpe Road

Cross Gates

Leeds

LS15 8BA

FIXED ASSETS

Tangible assets

4

1,491,775

1,476,447

Investment property

5

1,260,000

1,260,000

2,751,775

2,736,447

CURRENT ASSETS

Stocks

308,177

266,223

Debtors

18,307

29,368

Cash at bank and in hand

362,152

286,105

688,636

581,696

CREDITORS

Amounts falling due within one year

230,360

173,830

NET CURRENT ASSETS

458,276

407,866

TOTAL ASSETS LESS CURRENT LIABILITIES

3,210,051

3,144,313

CREDITORS

Amounts falling due after more than one year

6

(465,388

)

(490,975

)

PROVISIONS FOR LIABILITIES

(49,669

)

(49,669

)

NET ASSETS

2,694,994

2,603,669

CAPITAL AND RESERVES

Called up share capital

955

955

Fair value reserve

7

211,746

211,746

Retained earnings

2,482,293

2,390,968

SHAREHOLDERS' FUNDS

2,694,994

2,603,669

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2017 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director on 29 November 2017 and were signed by:

Mr A V Morris - Director

1.	STATUTORY INFORMATION

A & K Hosiery 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 as modified by the revaluation of certain assets.

Turnover

Turnover represents net invioced sales of goods and services, excluding value added tax, except in respect in

respect of service contracts where turnover is recognised when the compnay obtains the right to consideration.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Improvements to property

-

10% on reducing balance

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

33% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in

fair value is recognised in profit or loss.

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance

for obselete and slow moving items.

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 7 .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2016

1,594,076

Additions

35,968

At 31 March 2017

1,630,044

DEPRECIATION

At 1 April 2016

117,629

Charge for year

20,640

At 31 March 2017

138,269

NET BOOK VALUE

At 31 March 2017

1,491,775

At 31 March 2016

1,476,447

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2016

and 31 March 2017

1,260,000

NET BOOK VALUE

At 31 March 2017

1,260,000

At 31 March 2016

1,260,000

Fair value at 31 March 2017 is represented by:

£

Valuation in 2005

98,684

Valuation in 2006

131,561

Valuation in 2007

102,676

Valuation in 2010

(131,506

)

Valuation in 2015

60,000

Cost

998,585

1,260,000

If the investment properties had not been revalued they would have been included at the following historical cost:

31.3.17

31.3.16

£

£

Cost

998,585

998,585

Investment properties were valued on an open market basis on 7 January 2015 by Moores Estate Agents & Surveyors

.

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

31.3.17

31.3.16

£

£

Repayable by instalments

Bank loans more 5 yr by instal

365,388

398,975

7.

RESERVES

Fair

value

reserve

£

At 1 April 2016

and 31 March 2017

211,746

The following reproduces the text of the report prepared for the director 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 Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the

Report of the Director 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 & K Hosiery Ltd for the year ended 31 March 2017 which comprise the Profit and Loss

Account, Abridged Balance Sheet, 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 director of A & K Hosiery Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of A & K Hosiery Ltd and state those matters that we have agreed to state to the director of A & K Hosiery Ltd 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 director for our work or for this report.

It is your duty to ensure that A & K Hosiery 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 & K Hosiery Ltd. You consider that A & K Hosiery 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 & K Hosiery 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.

G L Barker & Co LLP

Chartered Certified Accountants

49 Austhorpe Road

Cross Gates

Leeds

LS15 8BA

30 November 2017