REGISTERED NUMBER: 07130296 (England and Wales)

FENTON FROST LIMITED

Unaudited Financial Statements for the Year Ended 31 December 2016

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs S Fairservice

K Fairservice

REGISTERED OFFICE:

1 Nork Gardens

Banstead

Surrey

SM7 1NZ

REGISTERED NUMBER:

07130296 (England and Wales)

ACCOUNTANTS:

Tudor John LLP

Nightingale House

46-48 East Street

Epsom

Surrey

KT17 1HQ

FIXED ASSETS

Tangible assets

4

737,803

469,846

CURRENT ASSETS

Debtors

5

56,983

21,480

Cash at bank and in hand

28,650

10,502

85,633

31,982

CREDITORS

Amounts falling due within one year

6

473,454

311,076

NET CURRENT LIABILITIES

(387,821

)

(279,094

)

TOTAL ASSETS LESS CURRENT LIABILITIES

349,982

190,752

CREDITORS

Amounts falling due after more than one year

7

(246,497

)

(160,823

)

PROVISIONS FOR LIABILITIES

(9,688

)

-

NET ASSETS

93,797

29,929

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

93,796

29,928

SHAREHOLDERS' FUNDS

93,797

29,929

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 22 March 2017 and were signed on its behalf by:

Mrs S Fairservice - Director

K Fairservice - Director

1.	STATUTORY INFORMATION

Fenton Frost 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.

These financial statements for the year ended 31 December 2016 are the first financial statements of Fenton

Frost Limited that comply with FRS 102. The date of transition to FRS 102 is 1 January 2015.

The transition from previously extant UK GAAP to FRS 102 has resulted in a small number of changes in

accounting policies compared to those used previously. No restatement of prior period figures is required as a

result of the transition to FRS 102.

The financial statements are presented in Sterling which is the functional currency of the company.

TURNOVER

Turnover represents van rental charges and ancillary charges relating to the accounting period, net of value

added tax.

TANGIBLE FIXED ASSETS

Tangible assets are stated at cost less accumulated depreciation. Cost includes the original purchase price and

costs directly attributable to bringing the asset to its working condition for its intended use.

Depreciation is calculated 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

-

15% straight line on cost

The assets' residual values and useful lives are reviewed, and adjusted, if appropriate, at the end of each

reporting period. The effect of any change is accounted for prospectively.

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 that have been enacted or

substantively enacted by the balance sheet date.

DEFERRED TAX

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet 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

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2016

595,678

Additions

440,742

Disposals

(103,321

)

At 31 December 2016

933,099

DEPRECIATION

At 1 January 2016

125,832

Charge for year

117,390

Eliminated on disposal

(47,926

)

At 31 December 2016

195,296

NET BOOK VALUE

At 31 December 2016

737,803

At 31 December 2015

469,846

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

Plant and

machinery

etc

£

COST

At 1 January 2016

528,408

Additions

439,830

Disposals

(38,425

)

At 31 December 2016

929,813

DEPRECIATION

At 1 January 2016

98,732

Charge for year

111,922

Eliminated on disposal

(16,535

)

At 31 December 2016

194,119

NET BOOK VALUE

At 31 December 2016

735,694

At 31 December 2015

429,676

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Trade debtors

41,578

15,024

Other debtors

15,405

6,456

56,983

21,480

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Bank loans and overdrafts

-

4,324

Hire purchase contracts

231,111

154,554

Trade creditors

7,760

9,535

Taxation and social security

30,487

19,544

Other creditors

204,096

123,119

473,454

311,076

Other creditors include loan account balances owed to the directors totalling £192,223 (2015 - £115,927).

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2016

2015

£

£

Bank loans

-

16,807

Hire purchase contracts

246,497

144,016

246,497

160,823