A & T Surfacing Ltd - Period Ending 2017-11-30

A & T Surfacing Ltd

Unaudited Abbreviated Accounts

for the Year Ended 30 November 2016

Carter Collins & Myer Limited
Accountants & Taxation Advisors
Chichester House
2 Chichester Street
Rochdale
Lancashire
OL16 2AX

A & T Surfacing Ltd
Contents

Abbreviated Balance Sheet

1 to 2

Notes to the Abbreviated Accounts

3 to 4

A & T Surfacing Ltd
(Registration number: 05662276)
Abbreviated Balance Sheet at 30 November 2016

	Note	2016 £	2015 £
Fixed assets
Tangible fixed assets		914,336	886,063
Current assets
Debtors		1,781,394	1,653,787
Cash at bank and in hand		1,308,569	646,795
		3,089,963	2,300,582
Creditors: Amounts falling due within one year		(1,656,543)	(1,786,461)
Net current assets		1,433,420	514,121
Total assets less current liabilities		2,347,756	1,400,184
Creditors: Amounts falling due after more than one year		(209,372)	(228,195)
Net assets		2,138,384	1,171,989
Capital and reserves
Called up share capital	3	1,102	1,102
Profit and loss account		2,137,282	1,170,887
Shareholders' funds		2,138,384	1,171,989

For the year ending 30 November 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the Board on 26 June 2017 and signed on its behalf by:

.........................................
Mr Gerard Christopher Paul Etchells
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 1

A & T Surfacing Ltd
(Registration number: 05662276)
Abbreviated Balance Sheet at 30 November 2016
......... continued

.........................................
Mr Timothy Nicholas Slater
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

A & T Surfacing Ltd
Notes to the Abbreviated Accounts for the Year Ended 30 November 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Plant and machinery	15% on reducing balance
Fixtures and fittings	15% on reducing balance
Motor vehicles	25% on reducing balance
Office equipment	15% on reducing balance

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Assets held under finance leases, which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet as tangible fixed assets and are depreciated over the shorter of the lease term and their useful lives. The capital elements of future obligations under the leases are included as liabilities in the balance sheet. The interest element of the rental obligation is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding. Assets held under hire purchase agreements are capitalised as tangible fixed assets and are depreciated over the shorter of the lease term and their useful lives. The capital element of future finance payments is included within creditors. Finance charges are allocated to accounting periods over the length of the contract and represent a constant proportion of the balance of capital repayments outstanding.

Pensions

The company operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.

Included in other creditors is the directors current account balance of £49,803 (2015:£146,851), this amount is split equally to Mr T Slater and Mr G Etchells. The balance is interest free and repayable upon demand.

Included in other creditors is the diretcors current account of £100,977, (2015: £146,851), this amount is split equally to Mr T Slater and Mr G Etchells. The balance is interest free and repayable upon demand.

Page 3

A & T Surfacing Ltd
Notes to the Abbreviated Accounts for the Year Ended 30 November 2016
......... continued

2	Fixed assets

	Tangible assets £	Total £
Cost
At 1 December 2015	1,499,153	1,499,153
Additions	442,519	442,519
Disposals	(313,300)	(313,300)
At 30 November 2016	1,628,372	1,628,372
Depreciation
At 1 December 2015	613,090	613,090
Charge for the year	181,620	181,620
Eliminated on disposals	(80,674)	(80,674)
At 30 November 2016	714,036	714,036
Net book value
At 30 November 2016	914,336	914,336
At 30 November 2015	886,063	886,063

3	Share capital

Allotted, called up and fully paid shares

	2016			2015
		No.	£		No.	£
Ordinary of £1 each		1,000	1,000		1,000	1,000
Ordinary A of £1 each		100	100		100	100
Ordinary B of £1 each		1	1		1	1
Ordinary C of £1 each		1	1		1	1
		1,102	1,102		1,102	1,102

During the year dividends were paid of £32,000 to Mr T Slater, £32,000 to Mr G Etchells.

During the year dividends were paid of £32,000 to Mr T Slater, £32,000 to Mr G Etchells and £39,463 to Mr A Donohue.

Page 4