REGISTERED NUMBER: 07267443 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MAY 2018

FOR

A & D STEELE LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

D Steele

REGISTERED OFFICE:

The Oaks

Hill Road

Craswell

Herefordshire

HR2 0PN

REGISTERED NUMBER:

07267443 (England and Wales)

ACCOUNTANTS:

NKT Accountants

The Old Courts

147 All Saints Road

Newmarket

Suffolk

CB8 8HH

FIXED ASSETS

Tangible assets

4

2,470

3,110

CURRENT ASSETS

Debtors

5

935

5,090

Cash at bank

4,623

3,579

5,558

8,669

CREDITORS

Amounts falling due within one year

6

3,305

5,111

NET CURRENT ASSETS

2,253

3,558

TOTAL ASSETS LESS CURRENT LIABILITIES

4,723

6,668

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

4,523

6,468

SHAREHOLDERS' FUNDS

4,723

6,668

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2018 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 Income Statement has not been delivered.

The financial statements were approved by the director on 12th February 2019 and were signed by:

D Steele - Director

1.	STATUTORY INFORMATION

A & D Steele Ltd 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.

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2017 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1st June 2017

and 31st May 2018

10,161

2,050

12,211

DEPRECIATION

At 1st June 2017

7,761

1,340

9,101

Charge for year

460

180

640

At 31st May 2018

8,221

1,520

9,741

NET BOOK VALUE

At 31st May 2018

1,940

530

2,470

At 31st May 2017

2,400

710

3,110

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/5/18

31/5/17

£

£

Trade debtors

-

1,950

Other debtors

935

3,140

935

5,090

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/5/18

31/5/17

£

£

Taxation and social security

506

1,139

Other creditors

2,799

3,972

3,305

5,111

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st May 2018 and

31st May 2017:

31/5/18

31/5/17

£

£

D Steele

Balance outstanding at start of year

(2,146

)

(7,688

)

Amounts advanced

14,050

12,500

Amounts repaid

(12,880

)

(6,958

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(976

)

(2,146

)

8.	ULTIMATE CONTROLLING PARTY

The controlling party is D Steele.