REGISTERED NUMBER: 04665932 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2018

for

A & P Fencing (UK) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DIRECTORS:

A J Milner

Mrs H J Milner

SECRETARY:

Mrs H J Milner

REGISTERED OFFICE:

Hanover Court

5 Queen Street

Lichfield

Staffordshire

WS13 6QD

REGISTERED NUMBER:

04665932 (England and Wales)

ACCOUNTANTS:

Tomkinson Teal Limited

Hanover Court

5 Queen Street

Lichfield

Staffordshire

WS13 6QD

FIXED ASSETS

Tangible assets

5

1,094,296

455,209

CURRENT ASSETS

Stocks

486,290

318,655

Debtors

6

623,871

632,399

Cash at bank

11,218

72,175

1,121,379

1,023,229

CREDITORS

Amounts falling due within one year

7

(1,183,455

)

(1,076,940

)

NET CURRENT LIABILITIES

(62,076

)

(53,711

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,032,220

401,498

CREDITORS

Amounts falling due after more than one year

8

(604,481

)

(114,410

)

NET ASSETS

427,739

287,088

CAPITAL AND RESERVES

Called up share capital

10

2

2

Retained earnings

11

427,737

287,086

SHAREHOLDERS' FUNDS

427,739

287,088

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors on 31 August 2018 and were signed on its behalf by:

A J Milner - Director

1.	STATUTORY INFORMATION

A & P Fencing (UK) 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

25% on reducing balance and 15% on reducing balance

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all

costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and

condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and

slow-moving stock where appropriate.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element

of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 32 (2017 - 29 ) .

5.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Motor

property

machinery

vehicles

Totals

£

£

£

£

COST

At 1 April 2017

303,384

266,826

235,445

805,655

Additions

515,943

166,899

-

682,842

At 31 March 2018

819,327

433,725

235,445

1,488,497

DEPRECIATION

At 1 April 2017

-

214,933

135,513

350,446

Charge for year

-

18,814

24,941

43,755

At 31 March 2018

-

233,747

160,454

394,201

NET BOOK VALUE

At 31 March 2018

819,327

199,978

74,991

1,094,296

At 31 March 2017

303,384

51,893

99,932

455,209

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 April 2017

18,850

61,500

80,350

Additions

50,000

-

50,000

At 31 March 2018

68,850

61,500

130,350

DEPRECIATION

At 1 April 2017

3,770

32,813

36,583

Charge for year

3,016

7,172

10,188

At 31 March 2018

6,786

39,985

46,771

NET BOOK VALUE

At 31 March 2018

62,064

21,515

83,579

At 31 March 2017

15,080

28,687

43,767

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

623,871

632,399

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Bank loans and overdrafts

53,318

12,383

Hire purchase contracts

1,414

9,143

Trade creditors

733,607

547,102

Taxation and social security

105,110

109,037

Other creditors

290,006

399,275

1,183,455

1,076,940

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2018

2017

£

£

Bank loans

564,481

112,996

Hire purchase contracts

40,000

1,414

604,481

114,410

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

351,209

63,464

9.	SECURED DEBTS

The following secured debts are included within creditors:

2018

2017

£

£

Bank loans

617,799

125,379

The bank loans are secured on the company's freehold property.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

£

2

Ordinary

£1

2

2

11.

RESERVES

Retained

earnings

£

At 1 April 2017

287,086

Profit for the year

150,651

Dividends

(10,000

)

At 31 March 2018

427,737

The following reproduces the text of the report prepared for the directors 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 Directors 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 & P Fencing (UK) Limited for the year ended 31 March 2018 which comprise the Profit and

Loss Account, 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of A & P Fencing (UK) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of A & P Fencing (UK) Limited and state those matters that we have agreed to state to the Board of Directors of A & P Fencing (UK) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than A & P Fencing (UK) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that A & P Fencing (UK) Limited 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 & P Fencing (UK) Limited. You consider that A & P Fencing (UK) 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 financial statements of A & P Fencing (UK) 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 financial statements.

Tomkinson Teal Limited

Hanover Court

5 Queen Street

Lichfield

Staffordshire

WS13 6QD

31 August 2018