REGISTERED NUMBER: 06801605 (England and Wales)

Unaudited Financial Statements

for the Year Ended 28 February 2018

for

A Burgess Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

A W Burgess

SECRETARY:

Mrs B Burgess

REGISTERED OFFICE:

Springfields

Jervis Lane

Meaford

Stone

Staffordshire

ST15 0PZ

REGISTERED NUMBER:

06801605 (England and Wales)

FIXED ASSETS

Intangible assets

5

9,800

19,600

Tangible assets

6

215,947

344,474

225,747

364,074

CURRENT ASSETS

Stocks

25,000

25,000

Debtors

7

221,371

189,626

Cash at bank

2,667

-

249,038

214,626

CREDITORS

Amounts falling due within one year

8

313,823

360,987

NET CURRENT LIABILITIES

(64,785

)

(146,361

)

TOTAL ASSETS LESS CURRENT LIABILITIES

160,962

217,713

CREDITORS

Amounts falling due after more than one year

9

(171,140

)

(304,634

)

PROVISIONS FOR LIABILITIES

(27,500

)

(69,000

)

NET LIABILITIES

(37,678

)

(155,921

)

CAPITAL AND RESERVES

Called up share capital

10

10

Retained earnings

(37,688

)

(155,931

)

SHAREHOLDERS' FUNDS

(37,678

)

(155,921

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2018 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.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director on 30 April 2018 and were signed by:

A W Burgess - Director

1.	STATUTORY INFORMATION

A Burgess 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.	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 cover the company as an individual entity, have been prepared under the

historical cost convention and are presented in Pounds Sterling (£) being the functional currency.

The financial statements have been prepared on the assumption that the company is able to carry on

business as a going concern, which the directors consider appropriate having regard to the company's

current and expected performance.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,

rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at

cost less any accumulated amortisation and any accumulated impairment losses.

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

-

20% on cost

Motor vehicles

-

25% on cost

Stocks

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

and slow moving items.

Financial instruments

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible

preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in

profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value

with changes recognised in profit or loss.

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 have been

enacted or substantively enacted by the statement of financial position date.

Deferred tax

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

statement of financial position 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.

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.

4.

EMPLOYEES

The average number of employees during the year was 3 (2017 - 3 ) .

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 March 2017

and 28 February 2018

98,000

AMORTISATION

At 1 March 2017

78,400

Charge for year

9,800

At 28 February 2018

88,200

NET BOOK VALUE

At 28 February 2018

9,800

At 28 February 2017

19,600

6.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 March 2017

684,960

81,462

766,422

Additions

146,847

-

146,847

Disposals

(326,914

)

-

(326,914

)

At 28 February 2018

504,893

81,462

586,355

DEPRECIATION

At 1 March 2017

372,897

49,051

421,948

Charge for year

89,269

17,925

107,194

Eliminated on disposal

(158,734

)

-

(158,734

)

At 28 February 2018

303,432

66,976

370,408

NET BOOK VALUE

At 28 February 2018

201,461

14,486

215,947

At 28 February 2017

312,063

32,411

344,474

Fixed assets, included in the above, which are held under hire purchase contracts and finance leases are

as follows:

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 March 2017

661,600

74,262

735,862

Additions

77,347

-

77,347

Disposals

(321,300

)

-

(321,300

)

At 28 February 2018

417,647

74,262

491,909

DEPRECIATION

At 1 March 2017

362,440

43,002

405,442

Charge for year

71,972

17,625

89,597

Eliminated on disposal

(156,120

)

-

(156,120

)

At 28 February 2018

278,292

60,627

338,919

NET BOOK VALUE

At 28 February 2018

139,355

13,635

152,990

At 28 February 2017

299,160

31,260

330,420

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

54,799

80,424

Other debtors

166,572

109,202

221,371

189,626

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Bank loans and overdrafts

25,320

24,637

Hire purchase contracts and finance leases

87,451

149,271

Trade creditors

49,995

109,723

Taxation and social security

108,154

33,036

Other creditors

42,903

44,320

313,823

360,987

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2018

2017

£

£

Bank loans

36,815

41,487

Hire purchase contracts and finance leases

102,863

222,732

Other creditors

31,462

40,415

171,140

304,634

2018

2017

£

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

11,459

18,181

10.	SECURED DEBTS

The following secured debts are included within creditors:

2018

2017

£

£

Bank overdrafts

19,999

19,746

Bank loans

42,136

46,378

Hire purchase contracts and finance leases

190,314

372,003

252,449

438,127

The bank overdraft and bank loans are secured against the directors personal property.

The hire purchase contracts and finance leases are secured against the assets to which they relate.

11.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2018 and

28 February 2017:

2018

2017

£

£

A W Burgess

Balance outstanding at start of year

84,070

55,051

Amounts advanced

46,077

33,332

Amounts repaid

(1,793

)

(4,313

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

128,354

84,070

The advances were all unsecured and repayable on demand. Interest is being charged at the official rate

of interest until fully repaid.