REGISTERED NUMBER: 00190385 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2017

FOR

A.BURSLEM & SON LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

D S Hall

SECRETARY:

D S Hall

REGISTERED OFFICE:

Stubby Grove Works

Bells Yew Green Road

Frant

East Susex

TN2 9BT

REGISTERED NUMBER:

00190385 (England and Wales)

FIXED ASSETS

Tangible assets

3

5,168

7,057

CURRENT ASSETS

Stocks

120,000

69,732

Debtors

4

366,518

368,531

Cash at bank

28,241

18,668

514,759

456,931

CREDITORS

Amounts falling due within one year

5

421,061

397,223

NET CURRENT ASSETS

93,698

59,708

TOTAL ASSETS LESS CURRENT LIABILITIES

98,866

66,765

CAPITAL AND RESERVES

Called up share capital

67,000

67,000

Retained earnings

31,866

(235

)

SHAREHOLDERS' FUNDS

98,866

66,765

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 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 29 September 2018 and were signed by:

D S Hall - Director

1.	STATUTORY INFORMATION

A.Burslem & Son 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 the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in

bringing stocks to their present location and condition.

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 ceased to operate a defined contribution pension scheme in October 2007. Contributions were

charged to the profit and loss account as they became payable in accordance with the rules of the scheme.

3.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 January 2017

and 31 December 2017

29,489

14,870

2,919

47,278

DEPRECIATION

At 1 January 2017

28,336

9,209

2,676

40,221

Charge for year

231

1,415

243

1,889

At 31 December 2017

28,567

10,624

2,919

42,110

NET BOOK VALUE

At 31 December 2017

922

4,246

-

5,168

At 31 December 2016

1,153

5,661

243

7,057

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.12.16

£

£

Trade debtors

19,817

50,875

Other debtors

346,701

317,656

366,518

368,531

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.12.16

£

£

Trade creditors

-

17,013

Taxation and social security

8,634

9,885

Other creditors

412,427

370,325

421,061

397,223