A & F Sprinklers Limited - Limited company - abbreviated

REGISTERED NUMBER: 02029052

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2013

FOR

A & F SPRINKLERS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

J M Stansfield

Ms L K Hill

SECRETARY:

Mrs P A Stansfield

REGISTERED OFFICE:

Unit 4, Gorrels Way

Trans-Pennine Trading Estate

Rochdale

Lancashire

OL11 2PX

REGISTERED NUMBER:

02029052

ACCOUNTANTS:

Cresswells

Barclays Bank Chambers

Market Street

Hebden Bridge

West Yorkshire

HX7 6AD

FIXED ASSETS

Tangible assets

2

84,885

88,716

Investments

3

100

-

84,985

88,716

CURRENT ASSETS

Stocks

5,214

7,214

Debtors

1,164,928

1,242,253

Cash at bank

728,216

262,912

1,898,358

1,512,379

CREDITORS

Amounts falling due within one year

4

1,350,598

1,107,412

NET CURRENT ASSETS

547,760

404,967

TOTAL ASSETS LESS CURRENT
LIABILITIES

632,745

493,683

CREDITORS

Amounts falling due after more than one
year

4

(3,681

)

(17,620

)

PROVISIONS FOR LIABILITIES

(15,447

)

(15,628

)

NET ASSETS

613,617

460,435

CAPITAL AND RESERVES

Called up share capital

5

10,018

Share premium

27,845

Profit and loss account

575,754

422,572

SHAREHOLDERS' FUNDS

613,617

460,435

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2013 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 30 May 2014 and were signed on its
behalf by:

J M Stansfield - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements 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 net invoiced sales of goods, excluding value added tax, except in respect of service

contracts where turnover is recognised when the company obtains the right to consideration.

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

-

over 10 years

Fixtures and fittings

-

over 10 years

Motor vehicles

-

over 5 years

Computer equipment

-

over 4 years

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete

and slow moving items.

Deferred tax

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

the balance sheet date.

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 the profit and loss account over the relevant

period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account 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 the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2013

165,485

Additions

25,723

Disposals

(17,803

)

At 31 December 2013

173,405

DEPRECIATION

At 1 January 2013

76,769

Charge for year

29,553

Eliminated on disposal

(17,802

)

At 31 December 2013

88,520

NET BOOK VALUE

At 31 December 2013

84,885

At 31 December 2012

88,716

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

Additions

100

At 31 December 2013

100

NET BOOK VALUE

At 31 December 2013

100

The company's investments at the balance sheet date in the share capital of companies include the

following:

A & F Sprinklers (Ireland) Limited

Country of incorporation: Ireland

Nature of business: Dormant

%

Class of shares:

holding

Ordinary

100.00

2013

£

Aggregate capital and reserves

100

4.

CREDITORS

Creditors include an amount of £ 17,621 (2012 - £ 40,506 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2013

2012

value:

£

10,018

Ordinary

£1

10,018

6.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2013

and 31 December 2012:

2013

2012

£

J M Stansfield

Balance outstanding at start of year

53,264

-

Amounts advanced

114,104

124,677

Amounts repaid

(98,413

)

(71,413

)

Balance outstanding at end of year

68,955

53,264

The maximum outstanding balance in the year was £71,951 (2012 £54,654).

Interest of £2,045 (2012 £902) on the loan to the director has been charged.