REGISTERED NUMBER: 07267443 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MAY 2016

FOR

A & D STEELE LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

D Steele

REGISTERED OFFICE:

7 Lylleyes Field Drive

Barrow

Bury St Edmunds

Suffolk

IP29 5EB

REGISTERED NUMBER:

07267443 (England and Wales)

ACCOUNTANTS:

Bernard Edge & Co

The Old Courts

147 All Saints Road

Newmarket

Suffolk

CB8 8HH

FIXED ASSETS

Tangible assets

2

3,910

4,990

CURRENT ASSETS

Debtors

6,577

6,814

Cash at bank

1,755

1,052

8,332

7,866

CREDITORS

Amounts falling due within one year

10,033

10,362

NET CURRENT LIABILITIES

(1,701

)

(2,496

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,209

2,494

CAPITAL AND RESERVES

Called up share capital

3

200

200

Profit and loss account

2,009

2,294

SHAREHOLDERS' FUNDS

2,209

2,494

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 25 January 2017 and were signed by:

D Steele - 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.

Plant and machinery

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2015

and 31 May 2016

12,211

DEPRECIATION

At 1 June 2015

7,221

Charge for year

1,080

At 31 May 2016

8,301

NET BOOK VALUE

At 31 May 2016

3,910

At 31 May 2015

4,990

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

200

Ordinary

£1

200

200

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2016 and

31 May 2015:

2016

2015

£

£

D Steele

Balance outstanding at start of year

(8,188

)

(16,343

)

Amounts advanced

10,410

9,673

Amounts repaid

(9,910

)

(1,518

)

Balance outstanding at end of year

(7,688

)

(8,188

)