REGISTERED NUMBER: 05159162 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2017

FOR

AH AND G DEAKINS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

8

DIRECTORS:

A H Deakins

Mrs G Deakins

R A Deakins

SECRETARY:

Mrs G Deakins

REGISTERED OFFICE:

Quarry Brutches

Clunton

Craven Arms

Shropshire

SY7 0HP

REGISTERED NUMBER:

05159162 (England and Wales)

ACCOUNTANTS:

D.R.E. & Co. Limited

Chartered Accountants

Number 5

The Business Quarter

Eco Park Road

Ludlow

Shropshire

SY8 1FD

FIXED ASSETS

Intangible assets

4

60,900

69,600

Tangible assets

5

286,604

301,530

347,504

371,130

CURRENT ASSETS

Stocks

10,655

23,178

Debtors

6

275,951

265,665

Cash at bank and in hand

13,984

7,212

300,590

296,055

CREDITORS

Amounts falling due within one year

7

459,271

380,673

NET CURRENT LIABILITIES

(158,681

)

(84,618

)

TOTAL ASSETS LESS CURRENT LIABILITIES

188,823

286,512

CREDITORS

Amounts falling due after more than one year

8

(100,000

)

(156,862

)

PROVISIONS FOR LIABILITIES

(25,126

)

(29,254

)

NET ASSETS

63,697

100,396

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

63,695

100,394

SHAREHOLDERS' FUNDS

63,697

100,396

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 10 January 2018 and were signed on its behalf by:

A H Deakins - Director

1.	STATUTORY INFORMATION

AH and G Deakins 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

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

prepared on a going concern basis.

This is the first year in which financial statements have been prepared under FRS 102 Section 1A. Details of the

transition can be found in note 11.

The financial statements are presented in Sterling (£) rounded to the nearest £1.

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 2004, is being amortised

evenly over its estimated useful life of twenty years.

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

-

10% on reducing balance

Fixtures and fittings

-

10% on reducing balance

Motor vehicles

-

10% on reducing balance

Office equipment

-

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.

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

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 7 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 July 2016

and 30 June 2017

174,000

AMORTISATION

At 1 July 2016

104,400

Charge for year

8,700

At 30 June 2017

113,100

NET BOOK VALUE

At 30 June 2017

60,900

At 30 June 2016

69,600

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 July 2016

101,941

119,264

5,295

Additions

-

4,850

-

At 30 June 2017

101,941

124,114

5,295

DEPRECIATION

At 1 July 2016

-

52,843

3,663

Charge for year

-

8,363

163

At 30 June 2017

-

61,206

3,826

NET BOOK VALUE

At 30 June 2017

101,941

62,908

1,469

At 30 June 2016

101,941

66,421

1,632

Motor

Office

vehicles

equipment

Totals

£

£

£

COST

At 1 July 2016

231,045

22,466

480,011

Additions

-

1,478

6,328

At 30 June 2017

231,045

23,944

486,339

DEPRECIATION

At 1 July 2016

105,528

16,447

178,481

Charge for year

12,072

656

21,254

At 30 June 2017

117,600

17,103

199,735

NET BOOK VALUE

At 30 June 2017

113,445

6,841

286,604

At 30 June 2016

125,517

6,019

301,530

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.17

30.6.16

£

£

Trade debtors

228,846

221,354

Other debtors

44,736

42,034

Prepayments

2,369

2,277

275,951

265,665

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.17

30.6.16

£

£

Bank loans and overdrafts

141,231

86,176

Other loans

-

13,978

Hire purchase contracts

27,206

12,061

Trade creditors

200,051

194,730

Tax

7,681

5,992

Other creditors

29,197

28,625

Directors' current accounts

50,649

35,982

Accrued expenses

3,256

3,129

459,271

380,673

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.6.17

30.6.16

£

£

Other loans - 2-5 years

-

29,657

Hire purchase contracts

-

27,205

Directors' loan accounts

100,000

100,000

100,000

156,862

9.	SECURED DEBTS

The following secured debts are included within creditors:

30.6.17

30.6.16

£

£

Bank overdrafts

141,231

86,176

Other loans

-

43,635

Hire purchase contracts

27,206

39,266

168,437

169,077

Hire purchase liabilities are secured against the assets to which they relate.

Bank facilities are secured against the directors personal freehold property.

10.	CONTINGENT LIABILITIES

During the prior year a number of business assets were destroyed in a fire at the business premises. At the

balance sheet date the final settlement had not been agreed however in the opinion of the directors there will be

no loss.

11.	FIRST YEAR ADOPTION

These are the company's first financial statements prepared in accordance with the provisions of Section 1 A

"Small Entities" Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the United

Kingdom and Republic of Ireland". Previously they were prepared in accordance with previous UK GAAP. The

company has prepared its opening balance sheet at the date of transition to FRS 102, which is 1st July 2015. The

transition to FRS 102 has had no material effect on the balance sheet or on total equity and profit.

Exemptions from full retrospective application

The company's accounting policies presented in note 2 have been applied in preparing the financial statements

for the year ended 30th June 2017, the comparative information and the opening balance sheet as at the date of

transition. Upon transition, the company has applied all the mandatory exceptions from full retrospective

application.

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file

a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the

Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of AH and G Deakins Limited for the year ended 30 June 2017 which comprise the Income

Statement, Balance Sheet, and the related notes from the company's accounting records and from information and

explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of AH and G Deakins Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of AH and G Deakins Limited and state those matters that we have agreed to state to the Board of Directors of AH and G Deakins Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than AH and G Deakins Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that AH and G Deakins Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of AH and G Deakins Limited. You consider that AH and G Deakins Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of AH and G Deakins Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

D.R.E. & Co. Limited

Chartered Accountants

Number 5

The Business Quarter

Eco Park Road

Ludlow

Shropshire

SY8 1FD

11 January 2018