REGISTERED NUMBER: 05432065 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2016

FOR

A&A CONCRETE REPAIR LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr P G Ashton

Mr P D Ashton

Mrs K Ashton

SECRETARY:

Mrs K T Ashton

REGISTERED OFFICE:

Unit 4 Brunel Buildings

Brunel Road

Newton Abbot

Devon

TQ12 4PB

REGISTERED NUMBER:

05432065 (England and Wales)

ACCOUNTANTS:

Marsland Nash Associates

Chartered Tax Advisers, Accountants

and Business Consultants

Unit 4 Brunel Buildings

Brunel Road

Newton Abbot

Devon

TQ12 4PB

BANKERS:

Barclays Bank Plc

Barclays Bank

Leicester

LE87 2BB

FIXED ASSETS

Intangible assets

4

4,500

5,000

Tangible assets

5

146,491

166,560

150,991

171,560

CURRENT ASSETS

Stocks

1,600

1,500

Debtors

6

109,230

143,743

Cash at bank

200,767

159,332

311,597

304,575

CREDITORS

Amounts falling due within one year

7

115,561

59,262

NET CURRENT ASSETS

196,036

245,313

TOTAL ASSETS LESS CURRENT LIABILITIES

347,027

416,873

PROVISIONS FOR LIABILITIES

12,200

15,787

NET ASSETS

334,827

401,086

CAPITAL AND RESERVES

Called up share capital

90

100

Capital redemption reserve

10

-

Retained earnings

334,727

400,986

SHAREHOLDERS' FUNDS

334,827

401,086

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 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 2 January 2017 and were signed on its behalf by:

Mr P G Ashton - Director

Mr P D Ashton - Director

1.	STATUTORY INFORMATION

A&A Concrete Repair 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 2005, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets

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

Freehold property

-

5% on cost

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not

reversed at the balance sheet date.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to

the company's pension scheme are charged to profit or loss in the period to which they

relate.

Employee benefit trusts

The Company has created trusts whose beneficiaries will include employees of the Company

and their dependants. Assets held under this trust will be controlled by trustees who will be

acting independently and entirely at their own authority.

Where the Company retains future economic benefit from, and has de facto control of, the

assets and liabilities of the trust they are accounted for as assets and liabilities of the

Company until the earlier of the date that an allocation of trust funds to employees in respect

of past services is declared and the date that assets of the trust vest in identified individuals.

Where assets are held in a trust and have been assessed by the Company as a result of

services provided by employees in the past to the Company and it can obtain no future

economic benefit from these assets, they will be allocated to the Company's profit and loss

account for the year to which they have arisen irrespective of whether they are physically

held within the trust at that stage.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 June 2015

and 31 May 2016

10,000

AMORTISATION

At 1 June 2015

5,000

Amortisation for year

500

At 31 May 2016

5,500

NET BOOK VALUE

At 31 May 2016

4,500

At 31 May 2015

5,000

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 June 2015

91,430

40,844

17,078

Additions

-

1,890

-

At 31 May 2016

91,430

42,734

17,078

DEPRECIATION

At 1 June 2015

5,487

30,511

6,708

Charge for year

1,829

2,445

1,556

Eliminated on disposal

-

-

-

At 31 May 2016

7,316

32,956

8,264

NET BOOK VALUE

At 31 May 2016

84,114

9,778

8,814

At 31 May 2015

85,943

10,333

10,370

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 June 2015

121,473

12,328

283,153

Additions

2,995

449

5,334

Disposals

(13,124

)

-

(13,124

)

At 31 May 2016

111,344

12,777

275,363

DEPRECIATION

At 1 June 2015

64,769

9,118

116,593

Charge for year

13,887

1,533

21,250

Eliminated on disposal

(8,971

)

-

(8,971

)

At 31 May 2016

69,685

10,651

128,872

NET BOOK VALUE

At 31 May 2016

41,659

2,126

146,491

At 31 May 2015

56,704

3,210

166,560

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Trade debtors

44,735

36,476

Amount recoverable on contract

27,133

5,031

Directors' current accounts

31,513

93,065

Tax

-

1,929

Prepayments

5,849

7,242

109,230

143,743

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Trade creditors

36,752

19,391

Tax

34,203

-

Social security and other taxes

4,015

3,442

VAT

36,916

32,959

Other creditors

105

-

Accrued expenses

3,570

3,470

115,561

59,262

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended

31 May 2016 and 31 May 2015:

2016

2015

£

£

Mr P G Ashton

Balance outstanding at start of year

57,362

(6,318

)

Amounts advanced

61,142

111,331

Amounts repaid

(112,217

)

(47,651

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

6,287

57,362

Mr P D Ashton

Balance outstanding at start of year

35,703

(706

)

Amounts advanced

80,739

88,391

Amounts repaid

(91,216

)

(51,982

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

25,226

35,703

The loans are interest free and repayable on demand.

9.	RELATED PARTY DISCLOSURES

During the year, total dividends of £160,000 were paid to the directors .