REGISTERED NUMBER: 06578975 (England and Wales)

Abbreviated Accounts for the Year Ended 30th April 2016

for

AG James & Son (Plant Hire) Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Mr AG James

REGISTERED OFFICE:

Tyn Llwyn Farm

Ton Y Moch Lane

Mynyddislwyn

Blackwood

NP12 2DT

REGISTERED NUMBER:

06578975 (England and Wales)

FIXED ASSETS

Tangible assets

2

101,235

105,924

CURRENT ASSETS

Stocks

4,446

3,580

Debtors

41,284

32,665

Cash at bank

26,556

22,739

72,286

58,984

CREDITORS

Amounts falling due within one year

3

129,075

109,395

NET CURRENT LIABILITIES

(56,789

)

(50,411

)

TOTAL ASSETS LESS CURRENT LIABILITIES

44,446

55,513

CREDITORS

Amounts falling due after more than one year

3

(12,795

)

(25,123

)

PROVISIONS FOR LIABILITIES

(20,247

)

(21,185

)

NET ASSETS

11,404

9,205

CAPITAL AND RESERVES

Called up share capital

4

1

1

Profit and loss account

11,403

9,204

SHAREHOLDERS' FUNDS

11,404

9,205

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2016 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 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 director on 10th November 2016 and were signed by:

Mr AG James - 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 January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

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

-

at variable rates on reducing balance

Stocks

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

allowance for obsolete and slow moving items.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st May 2015

229,120

Additions

21,995

At 30th April 2016

251,115

DEPRECIATION

At 1st May 2015

123,196

Charge for year

26,684

At 30th April 2016

149,880

NET BOOK VALUE

At 30th April 2016

101,235

At 30th April 2015

105,924

3.

CREDITORS

Creditors include an amount of £ 34,644 (2015 - £ 46,738 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

1

Ordinary

1

1

1

5.	CONTROLLING PARTY

The controlling party is Mr AG James.