REGISTERED NUMBER: 00973697 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2018

FOR

A. AND R. PORTER LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S C Porter

M A Porter

SECRETARY:

S C Porter

REGISTERED OFFICE:

54/56 Baker Street

Weybridge

Surrey

KT13 8AL

REGISTERED NUMBER:

00973697 (England and Wales)

ACCOUNTANTS:

Goddard & Co

Chartered Accountants

Church Street

Odiham

Hook

Hampshire

RG29 1LU

FIXED ASSETS

Tangible assets

4

33,776

31,457

CURRENT ASSETS

Stocks

70,000

190,000

Debtors

5

98,621

172,225

Cash at bank and in hand

-

7,941

168,621

370,166

CREDITORS

Amounts falling due within one year

6

223,774

221,824

NET CURRENT (LIABILITIES)/ASSETS

(55,153

)

148,342

TOTAL ASSETS LESS CURRENT LIABILITIES

(21,377

)

179,799

CREDITORS

Amounts falling due after more than one year

7

392,522

420,936

CAPITAL AND RESERVES

Called up share capital

1,002

1,002

Capital redemption reserve

500

500

Retained earnings

(415,401

)

(242,639

)

SHAREHOLDERS' FUNDS

(413,899

)

(241,137

)

(21,377

)

179,799

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2018 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 29 March 2019 and were signed on its behalf by:

M A Porter - Director

1.	STATUTORY INFORMATION

A. and R. Porter 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The company has obtained confirmation from its directors that they will provide continued financial support. On

this basis the directors believe it is appropriate to prepare the accounts on a going concern basis.

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 etc

-

33% on reducing balance, 20% on reducing balance and 10% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2017 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 May 2017

74,529

Additions

10,333

At 30 April 2018

84,862

DEPRECIATION

At 1 May 2017

43,072

Charge for year

8,014

At 30 April 2018

51,086

NET BOOK VALUE

At 30 April 2018

33,776

At 30 April 2017

31,457

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

89,945

165,260

Other debtors

8,676

6,965

98,621

172,225

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Bank loans and overdrafts

2,093

-

Trade creditors

170,162

139,334

Taxation and social security

4,896

35,641

Other creditors

46,623

46,849

223,774

221,824

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2018

2017

£

£

Other creditors

392,522

420,936

8.	SECURED DEBTS

The following secured debts are included within creditors:

2018

2017

£

£

Bank overdraft

2,093

-

Other loans

58,667

25,861

60,760

25,861

Other loans are secured by personal guarantees given by Mr S C Porter and Mr M A Porter.

9.	OTHER FINANCIAL COMMITMENTS

The total amount of other financial commitments is £116,543 (2017 £150,521).