REGISTERED NUMBER: 05582991 (England and Wales)

A & L Paving Limited

Unaudited Financial Statements

for the Year Ended 31st December 2016

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

7

DIRECTORS:

L Herbert

P J McMahon

R A Ferrison

D L Herbert

SECRETARY:

Mrs J E Herbert

REGISTERED OFFICE:

310 Wellingborough Road

Northampton

Northamptonshire

NN1 4EP

BUSINESS ADDRESS:

3 Giffard Court

St James Mill Road

Northampton

NN5 5JN

REGISTERED NUMBER:

05582991 (England and Wales)

ACCOUNTANTS:

Cheney & Co

310 Wellingborough Road

Northampton

NN1 4EP

FIXED ASSETS

Intangible assets

5

767,250

852,500

Tangible assets

6

80,366

69,788

847,616

922,288

CURRENT ASSETS

Debtors

7

615,272

398,042

Cash at bank

580,467

763,954

1,195,739

1,161,996

CREDITORS

Amounts falling due within one year

8

545,482

551,845

NET CURRENT ASSETS

650,257

610,151

TOTAL ASSETS LESS CURRENT LIABILITIES

1,497,873

1,532,439

CREDITORS

Amounts falling due after more than one year

9

(480,000

)

(705,709

)

PROVISIONS FOR LIABILITIES

11

(16,100

)

(14,100

)

NET ASSETS

1,001,773

812,630

CAPITAL AND RESERVES

Called up share capital

12

105

105

Retained earnings

1,001,668

812,525

SHAREHOLDERS' FUNDS

1,001,773

812,630

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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 23rd August 2017 and were signed on its behalf by:

L Herbert - Director

P J McMahon - Director

1.	STATUTORY INFORMATION

A & L Paving 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.

The presentation currency of the financial statements is the Pound Sterling (£).

The principle activity of the company is the provision of industrial hard standing surfaces.

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

These financial statements for the year ended 31st December 2016 are the first financial statements that comply

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". The date of transition is 1st January 2015.

The significant accounting policies applied in the preparation of these financial statements are set out below.

These policies have been consistency applied to all years presented unless otherwise stated.

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 2006, is being amortised evenly over its estimated useful life of twenty years.

The directors consider that the company will continue to benefit from this asset for this length of time.

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 the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

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 balance sheet date.

Deferred tax

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

balance sheet 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those

held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance

leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element

of the future payments is treated as a liability.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2015 - 15 ) .

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st January 2016

and 31st December 2016

1,705,000

AMORTISATION

At 1st January 2016

852,500

Charge for year

85,250

At 31st December 2016

937,750

NET BOOK VALUE

At 31st December 2016

767,250

At 31st December 2015

852,500

6.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1st January 2016

2,730

11,523

152,253

166,506

Additions

-

685

39,342

40,027

Disposals

-

-

(22,000

)

(22,000

)

At 31st December 2016

2,730

12,208

169,595

184,533

DEPRECIATION

At 1st January 2016

2,730

11,017

82,971

96,718

Charge for year

-

644

27,149

27,793

Eliminated on disposal

-

-

(20,344

)

(20,344

)

At 31st December 2016

2,730

11,661

89,776

104,167

NET BOOK VALUE

At 31st December 2016

-

547

79,819

80,366

At 31st December 2015

-

506

69,282

69,788

The net book value of tangible fixed assets includes £ 10,660 (2015 - £ 14,212 ) in respect of assets held under

hire purchase contracts.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Trade debtors

602,339

396,094

Amounts owed by group undertakings

389

389

Other debtors

12,544

1,559

615,272

398,042

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Hire purchase contracts (see note 10)

6,201

7,612

Trade creditors

174,175

47,557

Taxation and social security

156,491

251,123

Other creditors

208,615

245,553

545,482

551,845

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2016

2015

£

£

Hire purchase contracts (see note 10)

-

5,709

Other creditors

480,000

700,000

480,000

705,709

10.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts

2016

2015

£

£

Net obligations repayable:

Within one year

6,201

7,612

Between one and five years

-

5,709

6,201

13,321

Non-cancellable

operating leases

2016

2015

£

£

Within one year

10,000

10,000

11.	PROVISIONS FOR LIABILITIES

2016

2015

£

£

Deferred tax

16,100

14,100

Deferred

tax

£

Balance at 1st January 2016

14,100

Provided during year

2,000

Balance at 31st December 2016

16,100

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

100

Ordinary

£1

100

100

2

Ordinary A

£1

2

2

1

Ordinary B

£1

1

1

1

Ordinary C

£1

1

1

1

Ordinary D

£1

1

1

105

105

13.	CONTINGENT LIABILITIES

There were no contingent liabilities as at 31st December 2016 or 31st December 2015.

14.	CAPITAL COMMITMENTS

There were no capital commitments as at 31st December 2016 or 31st December 2015.