REGISTERED NUMBER: 04675373 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2017

FOR

A & K FENCING CONTRACTORS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr A S Cooper

Mrs G I Cooper

REGISTERED OFFICE:

59 Main Street

Yaxley

Peterborough

PE7 3LZ

REGISTERED NUMBER:

04675373 (England and Wales)

ACCOUNTANTS:

Harvey Winning & Co

Accountants & Tax Advisors

11 Thorpe Road

Peterborough

PE3 6AB

FIXED ASSETS

Tangible assets

4

11,787

15,288

CURRENT ASSETS

Stocks

5

6,200

9,166

Debtors

6

55,898

52,793

Cash in hand

819

743

62,917

62,702

CREDITORS

Amounts falling due within one year

7

48,013

73,189

NET CURRENT ASSETS/(LIABILITIES)

14,904

(10,487

)

TOTAL ASSETS LESS CURRENT LIABILITIES

26,691

4,801

CREDITORS

Amounts falling due after more than one year

8

26,411

4,666

NET ASSETS

280

135

CAPITAL AND RESERVES

Called up share capital

9

2

2

Retained earnings

10

278

133

SHAREHOLDERS' FUNDS

280

135

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 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 16th February 2018 and were signed on its behalf by:

Mrs G I Cooper - Director

1.	STATUTORY INFORMATION

A & K Fencing Contractors 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% 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.

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.

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 3 .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1st April 2016

57,042

8,756

36,072

101,870

Additions

430

-

-

430

At 31st March 2017

57,472

8,756

36,072

102,300

DEPRECIATION

At 1st April 2016

54,202

8,238

24,142

86,582

Charge for year

818

130

2,983

3,931

At 31st March 2017

55,020

8,368

27,125

90,513

NET BOOK VALUE

At 31st March 2017

2,452

388

8,947

11,787

At 31st March 2016

2,840

518

11,930

15,288

Fixed assets, included in the above, which are held under hire purchase contracts are as

follows:

Motor

vehicles

£

COST

At 1st April 2016

31,072

Transfer to ownership

(31,072

)

At 31st March 2017

-

DEPRECIATION

At 1st April 2016

20,545

Charge for year

1,800

Transfer to ownership

(22,345

)

At 31st March 2017

-

NET BOOK VALUE

At 31st March 2017

-

At 31st March 2016

10,527

5.

STOCKS

2017

2016

£

£

Stocks

6,200

8,333

Work-in-progress

-

833

6,200

9,166

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

21,651

29,683

Other debtors

34,247

23,110

55,898

52,793

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Bank loans and overdrafts

10,398

37,023

Hire purchase contracts

-

3,726

Trade creditors

12,369

18,158

Taxation and social security

24,530

12,400

Other creditors

716

1,882

48,013

73,189

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Bank loans

26,411

4,666

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

2

Ordinary

£1

2

2

10.

RESERVES

Retained

earnings

£

At 1st April 2016

133

Profit for the year

14,145

Dividends

(14,000

)

At 31st March 2017

278