REGISTERED NUMBER: 04590002 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2017

for

A & D Sports Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D Golden

Mrs A Golden

SECRETARY:

D Golden

REGISTERED OFFICE:

Golden Works

Lawton Street

Rochdale

Lancashire

OL12 0LQ

REGISTERED NUMBER:

04590002 (England and Wales)

ACCOUNTANTS:

N J Grindrod & Co Limited

21 Hare Hill Road

Littleborough

Lancashire

OL15 9AD

FIXED ASSETS

Intangible assets

4

-

-

Property, plant and equipment

5

276,063

324,015

276,063

324,015

CURRENT ASSETS

Inventories

259,074

179,893

Debtors

6

518,775

372,144

Cash at bank and in hand

31,998

149,437

809,847

701,474

CREDITORS

Amounts falling due within one year

7

424,773

438,689

NET CURRENT ASSETS

385,074

262,785

TOTAL ASSETS LESS CURRENT LIABILITIES

661,137

586,800

CREDITORS

Amounts falling due after more than one year

8

43,442

64,672

NET ASSETS

617,695

522,128

CAPITAL AND RESERVES

Called up share capital

1,001

1,001

Retained earnings

616,694

521,127

SHAREHOLDERS' FUNDS

617,695

522,128

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 24 May 2018 and were signed on its behalf by:

Mrs A Golden - Director

D Golden - Director

1.	STATUTORY INFORMATION

A & D Sports 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

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts,

rebates, value added tax and other sales taxes.

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.

Development costs are being amortised evenly over their estimated useful life of nil 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

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Office equipment

-

15% on reducing balance

Stocks

Inventories 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 39 (2016 - 34 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2017

and 31 December 2017

137,532

AMORTISATION

At 1 January 2017

and 31 December 2017

137,532

NET BOOK VALUE

At 31 December 2017

-

At 31 December 2016

-

5.	PROPERTY, PLANT AND EQUIPMENT

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 January 2017

82,333

236,549

49,220

Additions

1,555

397

-

At 31 December 2017

83,888

236,946

49,220

DEPRECIATION

At 1 January 2017

3,212

69,482

19,176

Charge for year

12,034

22,706

4,499

At 31 December 2017

15,246

92,188

23,675

NET BOOK VALUE

At 31 December 2017

68,642

144,758

25,545

At 31 December 2016

79,121

167,067

30,044

Motor

Office

vehicles

equipment

Totals

£

£

£

COST

At 1 January 2017

45,692

24,393

438,187

Additions

-

551

2,503

At 31 December 2017

45,692

24,944

440,690

DEPRECIATION

At 1 January 2017

16,712

5,590

114,172

Charge for year

8,374

2,842

50,455

At 31 December 2017

25,086

8,432

164,627

NET BOOK VALUE

At 31 December 2017

20,606

16,512

276,063

At 31 December 2016

28,980

18,803

324,015

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.12.16

£

£

Trade debtors

302,820

206,012

Amounts owed by group undertakings

638

734

Amounts owed by associates

189,157

148,157

Other debtors

26,160

17,241

518,775

372,144

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.12.16

£

£

Hire purchase contracts

21,230

36,014

Trade creditors

316,453

266,212

Taxation and social security

67,733

72,433

Other creditors

19,357

64,030

424,773

438,689

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.17

31.12.16

£

£

Hire purchase contracts

43,442

64,672

9.	RELATED PARTY DISCLOSURES

During the year £9,000 (2016: £300,000) of dividends were paid to A & D

Investments Limited the parent undertaking of A & D Sports Limited.

As at 31 December 2017, A & D Investments Limited owed £638 (2018: £734) to the company.

10.	ULTIMATE CONTROLLING PARTY

The company's parent undertaking is A & D Investments Limited whose registered office is 21 Hare

Hill Road, Littleborough OL15 9AD. The principal place of business is Golden Works, Lawton

Street, Rochdale OL12 0LQ.

The ultimate controlling party is Mr and Mrs Golden, who together, are the only shareholders in the

company's parent company, A & D Investments Limited.