REGISTERED NUMBER: 06444606 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2017

FOR

A & A METALS (KENT) LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mr G Hanson

Mr M Hanson

Mr R Hanson

Mrs J Hanson

REGISTERED OFFICE:

93 Bohemia Road

St Leonards On Sea

East Sussex

TN37 6RJ

REGISTERED NUMBER:

06444606 (England and Wales)

ACCOUNTANTS:

Acuity Professional (Sellens French) LLP

91-97 Bohemia Road

St Leonards on Sea

East Sussex

TN37 6RJ

FIXED ASSETS

Intangible assets

4

-

10,369

Tangible assets

5

29,109

35,418

29,109

45,787

CURRENT ASSETS

Stocks

10,000

9,828

Debtors

6

6,402

7,243

Cash at bank

92,060

79,656

108,462

96,727

CREDITORS

Amounts falling due within one year

7

120,546

135,383

NET CURRENT LIABILITIES

(12,084

)

(38,656

)

TOTAL ASSETS LESS CURRENT LIABILITIES

17,025

7,131

PROVISIONS FOR LIABILITIES

8

4,467

5,717

NET ASSETS

12,558

1,414

CAPITAL AND RESERVES

Called up share capital

9

175

175

Retained earnings

10

12,383

1,239

SHAREHOLDERS' FUNDS

12,558

1,414

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2017 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 6 September 2018 and were signed on its behalf by:

Mr G Hanson - Director

1.	STATUTORY INFORMATION

A & A Metals (Kent) 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.

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 2007, 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.

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% 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.

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

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 4 (2016 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

Cost

At 1 January 2017

and 31 December 2017

113,102

Amortisation

At 1 January 2017

102,733

Amortisation for year

10,369

At 31 December 2017

113,102

Net book value

At 31 December 2017

-

At 31 December 2016

10,369

5.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

Cost

At 1 January 2017

63,328

47,849

11,835

123,012

Additions

-

-

3,000

3,000

At 31 December 2017

63,328

47,849

14,835

126,012

Depreciation

At 1 January 2017

54,690

21,402

11,502

87,594

Charge for year

2,160

6,612

537

9,309

At 31 December 2017

56,850

28,014

12,039

96,903

Net book value

At 31 December 2017

6,478

19,835

2,796

29,109

At 31 December 2016

8,638

26,447

333

35,418

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

-

842

Other debtors

4,002

4,001

Prepayments

2,400

2,400

6,402

7,243

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Tax

23,002

19,368

VAT

51,266

40,901

Directors' current accounts

44,298

73,134

Accruals and deferred income

1,980

1,980

120,546

135,383

8.	PROVISIONS FOR LIABILITIES

2017

2016

£

£

Deferred tax

4,467

5,717

Deferred

tax

£

Balance at 1 January 2017

5,717

Provision during the year

(1,250

)

Balance at 31 December 2017

4,467

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

100

Ordinary shares

£1

100

100

75

Ordinary A, B & C shares

£1

75

75

175

175

10.

RESERVES

Retained

earnings

£

At 1 January 2017

1,239

Profit for the year

82,144

Dividends

(71,000

)

At 31 December 2017

12,383

11.	RELATED PARTY DISCLOSURES

During the year, total dividends of £29,000 were paid to the directors .

At balance sheet date, there was an amount due to the directors for £2,298 (2016: £73,134).This is an interest free

advance to the company and does not have a fixed date of repayment

12.	ULTIMATE CONTROLLING PARTY

The company is ultimately controlled by the directors.