REGISTERED NUMBER: 05915556 (England and Wales)

A G Procter Limited

Unaudited Financial Statements for the Year Ended 30 September 2017

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

Director:

Mr A G Procter

Secretary:

Mrs L Procter

Registered office:

72 Ingleton Drive

Lancaster

Lancashire

LA1 4QZ

Registered number:

05915556 (England and Wales)

Accountants:

RfM Fylde Limited

Summerdale

Head Dyke Lane

Pilling

Preston

Lancashire

PR3 6SJ

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file

a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the

Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of A G Procter Limited for the year ended 30 September 2017 which comprise the Profit and Loss

Account, Balance Sheet, and the related notes from the company's accounting records and from information and

explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of A G Procter Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of A G Procter Limited and state those matters that we have agreed to state to the director of A G Procter Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than A G Procter Limited and its director for our work or for this report.

It is your duty to ensure that A G Procter Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of A G Procter Limited. You consider that A G Procter Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of A G Procter Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

RfM Fylde Limited

Summerdale

Head Dyke Lane

Pilling

Preston

Lancashire

PR3 6SJ

20 April 2018

Fixed assets

Tangible assets

4

7,737

9,152

Current assets

Stocks

3,076

-

Debtors

5

6,398

2,422

Cash at bank

23,925

18,414

33,399

20,836

Creditors

Amounts falling due within one year

6

30,827

23,578

Net current assets/(liabilities)

2,572

(2,742

)

Total assets less current liabilities

10,309

6,410

Creditors

Amounts falling due after more than one year

7

(2,778

)

(4,444

)

Provisions for liabilities

(1,547

)

(1,830

)

Net assets

5,984

136

Capital and reserves

Called up share capital

9

100

100

Retained earnings

5,884

36

Shareholders' funds

5,984

136

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2017 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director on 20 April 2018 and were signed by:

Mr A G Procter - Director

1.	Statutory information

A G Procter 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.

First year adoption of Financial Reporting Standard 102 ( FRS 102) Section 1A

These financial statements for the year ended 30 September 2017 are the first that are prepared in accordance

with FRS 102 Section 1A. The previous financial statements were prepared in accordance with UK GAAP, the

date of transition to FRS 102 Section 1A is 1 October 2015.

Turnover

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

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in

bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account,

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 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

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 1 .

4.	Tangible fixed assets

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

Cost

At 1 October 2016

4,073

728

9,900

14,701

Additions

825

-

-

825

At 30 September 2017

4,898

728

9,900

15,526

Depreciation

At 1 October 2016

2,549

525

2,475

5,549

Charge for year

353

31

1,856

2,240

At 30 September 2017

2,902

556

4,331

7,789

Net book value

At 30 September 2017

1,996

172

5,569

7,737

At 30 September 2016

1,524

203

7,425

9,152

5.

Debtors: amounts falling due within one year

2017

2016

£

£

Trade debtors

5,991

2,035

Other debtors

407

387

6,398

2,422

6.

Creditors: amounts falling due within one year

2017

2016

£

£

Trade creditors

2,017

2,522

Taxation and social security

6,534

2,904

Other creditors

22,276

18,152

30,827

23,578

7.

Creditors: amounts falling due after more than one year

2017

2016

£

£

Bank loans

2,778

4,444

8.	Secured debts

The following secured debts are included within creditors:

2017

2016

£

£

Bank loans

2,778

4,444

9.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

100

Ordinary

£1

100

100