REGISTERED NUMBER: 06801605 (England and Wales)

Unaudited Financial Statements

for the Year Ended 28 February 2017

for

A Burgess Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

A W Burgess

SECRETARY:

Mrs B Burgess

REGISTERED OFFICE:

Springfields

Jervis Lane

Meaford

Stone

Staffordshire

ST15 0PZ

REGISTERED NUMBER:

06801605 (England and Wales)

FIXED ASSETS

Intangible assets

4

19,600

29,400

Tangible assets

5

344,474

516,923

364,074

546,323

CURRENT ASSETS

Stocks

25,000

25,000

Debtors

6

189,626

278,304

Cash at bank

-

3,421

214,626

306,725

CREDITORS

Amounts falling due within one year

7

360,987

356,954

NET CURRENT LIABILITIES

(146,361

)

(50,229

)

TOTAL ASSETS LESS CURRENT LIABILITIES

217,713

496,094

CREDITORS

Amounts falling due after more than one year

8

(304,634

)

(391,382

)

PROVISIONS FOR LIABILITIES

(69,000

)

(103,400

)

NET (LIABILITIES)/ASSETS

(155,921

)

1,312

CAPITAL AND RESERVES

Called up share capital

10

10

Retained earnings

(155,931

)

1,302

SHAREHOLDERS' FUNDS

(155,921

)

1,312

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 28 June 2017 and were signed by:

A W Burgess - Director

1.	STATUTORY INFORMATION

A Burgess 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.

The financial statements have been prepared on the assumption that the company is able to carry on

business as a going concern, which the directors consider appropriate having regard to the company's

current and expected performance.

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 2009, is being amortised evenly over its estimated useful life of ten years.

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 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 cost

Motor vehicles

-

25% on cost

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.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 March 2016

and 28 February 2017

98,000

AMORTISATION

At 1 March 2016

68,600

Charge for year

9,800

At 28 February 2017

78,400

NET BOOK VALUE

At 28 February 2017

19,600

At 29 February 2016

29,400

5.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 March 2016

707,460

80,262

787,722

Additions

-

1,200

1,200

Disposals

(22,500

)

-

(22,500

)

At 28 February 2017

684,960

81,462

766,422

DEPRECIATION

At 1 March 2016

240,673

30,126

270,799

Charge for year

136,724

18,925

155,649

Eliminated on disposal

(4,500

)

-

(4,500

)

At 28 February 2017

372,897

49,051

421,948

NET BOOK VALUE

At 28 February 2017

312,063

32,411

344,474

At 29 February 2016

466,787

50,136

516,923

Fixed assets, included in the above, which are held under hire purchase contracts and finance leases

are as follows:

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 March 2016

684,100

74,262

758,362

Disposals

(22,500

)

-

(22,500

)

At 28 February 2017

661,600

74,262

735,862

DEPRECIATION

At 1 March 2016

234,620

25,376

259,996

Charge for year

132,320

17,626

149,946

Eliminated on disposal

(4,500

)

-

(4,500

)

At 28 February 2017

362,440

43,002

405,442

NET BOOK VALUE

At 28 February 2017

299,160

31,260

330,420

At 29 February 2016

449,480

48,886

498,366

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

80,424

192,263

Other debtors

109,202

86,041

189,626

278,304

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Bank loans and overdrafts

24,637

4,693

Hire purchase contracts and finance leases

149,271

159,315

Trade creditors

109,723

93,709

Taxation and social security

33,036

61,714

Other creditors

44,320

37,523

360,987

356,954

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Bank loans

41,487

45,312

Hire purchase contracts and finance leases

222,732

346,070

Other creditors

40,415

-

304,634

391,382

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

18,181

26,540

9.	SECURED DEBTS

The following secured debts are included within creditors:

2017

2016

£

£

Bank overdraft

19,746

-

Bank loans

46,378

50,005

Hire purchase contracts and finance leases

372,003

505,385

438,127

555,390

The bank overdraft and bank loans are secured against the directors personal property.

The hire purchase contracts and finance leased are secured against the assets to which they relate.

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2017 and

29 February 2016:

2017

2016

£

£

A W Burgess

Balance outstanding at start of year

55,051

62,109

Amounts advanced

33,332

32,629

Amounts repaid

(4,313

)

(39,687

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

84,070

55,051

The advances were all unsecured and repayable on demand. Interest is being charged at the official

rate of interest until fully repaid.

11.	RELATED PARTY DISCLOSURES

During the year, total dividends of £5,000 were paid to the director .

12.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is A W Burgess.