REGISTERED NUMBER: 04629685 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2017

FOR

AAJ SANKEY SET CONSTRUCTION LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A A J Sankey

Mrs S M Sankey

REGISTERED OFFICE:

250 Hendon Way

London

NW4 3NL

REGISTERED NUMBER:

04629685 (England and Wales)

ACCOUNTANTS:

Harford Michaels Kaye Limited

Chartered Certified Accountants

250 Hendon Way

London

NW4 3NL

FIXED ASSETS

Tangible assets

4

27,260

12,832

Investment property

5

380,632

365,000

407,892

377,832

CURRENT ASSETS

Debtors

6

31,629

-

Investments

7

100,077

100,077

Cash at bank

73,110

20,691

204,816

120,768

CREDITORS

Amounts falling due within one year

8

(92,466

)

(124,079

)

NET CURRENT ASSETS/(LIABILITIES)

112,350

(3,311

)

TOTAL ASSETS LESS CURRENT LIABILITIES

520,242

374,521

PROVISIONS FOR LIABILITIES

10

(5,452

)

(2,215

)

NET ASSETS

514,790

372,306

CAPITAL AND RESERVES

Called up share capital

11

100

100

Retained earnings

12

514,690

372,206

SHAREHOLDERS' FUNDS

514,790

372,306

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 27 October 2017 and were signed on its behalf by:

Mrs S M Sankey - Director

1.	STATUTORY INFORMATION

AAJ Sankey Set Construction 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 as modified by the revaluation of certain assets.

These financial statements for the year ended 31st January 2017 are the first financial statements that comply with FRS

102 Section 1A for small entities. The date of transition is 1st February 2015.

The transition to FRS 102 Section 1A for small entities has resulted in a small number of changes in accounting policies

to those used previously.

Turnover

Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried

out in respect of services provided to customers.

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

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Investment property

Investment properties are properties held to earn rental income and/ or capital appreciation. Investment properties are

initially measured at cost, including transaction costs.

Subsequently investment properties are measured at fair value. Investment property valuations are based on an open

market value. Deferred tax is provided on these movements. Gains and losses arising from changes in the fair value of

investment properties are included in the Statement of Income and Retained Earnings in the period in which they arise.

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.

Provisions

Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance

sheet date and that a payment will be required in settlement that can be estimated reliably. Where material, provisions

are calculated on a discounted basis.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and demand deposits and other short-term highly liquid investments

that are readily convertible to a known amount of cash and are subject to an insignificant risk to changes in value.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 February 2016

26,832

45,763

72,595

Additions

-

27,860

27,860

Disposals

-

(45,763

)

(45,763

)

At 31 January 2017

26,832

27,860

54,692

DEPRECIATION

At 1 February 2016

18,286

41,477

59,763

Charge for year

2,137

7,009

9,146

Eliminated on disposal

-

(41,477

)

(41,477

)

At 31 January 2017

20,423

7,009

27,432

NET BOOK VALUE

At 31 January 2017

6,409

20,851

27,260

At 31 January 2016

8,546

4,286

12,832

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 February 2016

365,000

Revaluations

15,632

At 31 January 2017

380,632

NET BOOK VALUE

At 31 January 2017

380,632

At 31 January 2016

365,000

Cost or valuation at 31 January 2017 is represented by:

£

Valuation in 2016

17,102

Valuation in 2017

15,632

Cost

347,898

380,632

If the investment property had not been revalued it would have been included at the following historical cost:

2017

2016

£

£

Cost

347,898

347,898

The investment property was valued on an open market basis on 31 January 2016 by Fortnam, Smith & Banwell .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

31,629

-

7.	CURRENT ASSET INVESTMENTS

2017

2016

£

£

Unlisted investments

100,077

100,077

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Taxation and social security

39,022

11,542

Other creditors

53,444

112,537

92,466

124,079

9.	FINANCIAL INSTRUMENTS

The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, bank loans and

directors loans.

Directors loans (being repayable on demand), are measured at the undiscounted amount of the cash or other

consideration expected to be paid or received.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for

objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the

Statement of Income and Retained Earnings.

10.	PROVISIONS FOR LIABILITIES

2017

2016

£

£

Deferred tax

Accelerated capital allowances

5,452

2,215

Deferred

tax

£

Balance at 1 February 2016

2,215

Charge to Income Statement during year

3,237

Balance at 31 January 2017

5,452

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

100

Ordinary

£1

100

100

12.

RESERVES

Retained

earnings

£

At 1 February 2016

372,206

Profit for the year

142,484

At 31 January 2017

514,690

£34,202 of the reserves are not distributable as they arise out of unrealised gains from the revaluation of the investment

property. The distributable reserves amount to £480,488.

13.	RELATED PARTY DISCLOSURES

As at the balance sheet date the company owed the directors A A J Sankey £26,725 and S M Sankey £26,719.

14.	ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are A A J Sankey and S M Sankey by virtue of their joint 100% shareholding in the

company.

15.	UNLISTED INVESTMENTS

Unlisted investments are measured at cost less impairment. If objective evidence of impairment is found, an impairment

loss is recognised in the Statement of Income and Retained Earnings

16.	FIRST YEAR ADOPTION

These financial statements for the year ended 31st January 2017 are the first financial statements that comply with FRS

102 Section 1A for small entities. The transition to FRS 102 Section 1A for small entities has resulted in a small number

of changes in accounting policies to those used previously.