REGISTERED NUMBER: 01754778 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 November 2017

for

ACTON COMMERCIAL FACTORS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R Bradford

K J Bradford

REGISTERED OFFICE:

23 Mountside

Stanmore

Middlesex

HA7 2DS

REGISTERED NUMBER:

01754778 (England and Wales)

ACCOUNTANTS:

KIAN & CO.

Chartered Accountants

23 Mountside

Stanmore

Middlesex

HA7 2DS

FIXED ASSETS

Tangible assets

4

38,456

37,197

CURRENT ASSETS

Stocks

83,684

87,028

Debtors

5

217,174

256,378

Cash at bank and in hand

48,806

62,922

349,664

406,328

CREDITORS

Amounts falling due within one year

6

214,037

281,045

NET CURRENT ASSETS

135,627

125,283

TOTAL ASSETS LESS CURRENT LIABILITIES

174,083

162,480

CREDITORS

Amounts falling due after more than one year

7

(137,714

)

(153,392

)

PROVISIONS FOR LIABILITIES

(6,537

)

(6,323

)

NET ASSETS

29,832

2,765

CAPITAL AND RESERVES

Called up share capital

75

75

Retained earnings

29,757

2,690

SHAREHOLDERS' FUNDS

29,832

2,765

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2017.

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

R Bradford - Director

1.	STATUTORY INFORMATION

ACTON COMMERCIAL FACTORS 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.

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

-

25% on reducing balance and 15% 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.

Cost is determined on a first in first out basis. Net realisable value represents estimated selling price less costs to

complete and sell. Provision is made for slow moving, obsolete or damaged stock where the net realisable value is less

than cost.

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.

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 12 (2016 - 11 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 December 2016

186,435

Additions

11,825

At 30 November 2017

198,260

DEPRECIATION

At 1 December 2016

149,238

Charge for year

10,566

At 30 November 2017

159,804

NET BOOK VALUE

At 30 November 2017

38,456

At 30 November 2016

37,197

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.17

30.11.16

£

£

Trade debtors

213,224

250,478

Other debtors

3,950

5,900

217,174

256,378

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.17

30.11.16

£

£

Bank loans and overdrafts

18,000

18,000

Trade creditors

163,123

234,582

Taxation and social security

31,480

27,186

Other creditors

1,434

1,277

214,037

281,045

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.11.17

30.11.16

£

£

Bank loans

137,714

153,392

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

65,714

81,392

8.	SECURED DEBTS

The following secured debts are included within creditors:

30.11.17

30.11.16

£

£

Bank loans

155,714

171,392

The bank loan is secured by a fixed and a floating charge over the company's assets.

9.	ULTIMATE CONTROLLING PARTY

The company was controlled throughout the year by its directors Messrs R and K Bradford.