REGISTERED NUMBER: 05413243 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 MARCH 2017

FOR

A & G UTTOXETER LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

A Walkman

G J Fenton

SECRETARY:

A Walkman

REGISTERED OFFICE:

The Black Swan Public House

4 Market Street

Uttoxeter

Staffordshire

ST14 8JA

REGISTERED NUMBER:

05413243 (England and Wales)

ACCOUNTANTS:

Howards Limited

Chartered Certified Accountants

Newport House

Newport Road

Stafford

Staffordshire

ST16 1DA

FIXED ASSETS

Property, plant and equipment

5

1,486

23,222

CURRENT ASSETS

Inventories

-

28,478

Debtors

6

24,577

52,125

Cash at bank and in hand

8,207

7,285

32,784

87,888

CREDITORS

Amounts falling due within one year

7

(4,147

)

(55,669

)

NET CURRENT ASSETS

28,637

32,219

TOTAL ASSETS LESS CURRENT LIABILITIES

30,123

55,441

CREDITORS

Amounts falling due after more than one year

8

-

(13,753

)

ACCRUALS AND DEFERRED INCOME

(980

)

(2,525

)

NET ASSETS

29,143

39,163

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

29,043

39,063

SHAREHOLDERS' FUNDS

29,143

39,163

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 March 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 21 December 2017 and were signed on its behalf by:

A Walkman - Director

G J Fenton - Director

1.	STATUTORY INFORMATION

A & G Uttoxeter Limited is a private company, limited by shares, registered in England and Wales. The company's

registered number is 05413243 and the registered office address is 4 Market Street, Uttoxeter, Staffordshire, ST14

8JA.

The principal activity of the company is that of an installer and retailer of public house tenants..

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Functional currency

The financial statements are prepared in pound sterling (£) which is the functional currency of the company.

Transition to FRS 102

The financial statements for the year ended 31 March 2017 are the first financial statements that comply with FRS

102 Section 1A "Small Entities". The date of transition is 1 April 2015.

There are no adjustments required as a result of the transition to FRS 102 Section 1A.

Significant judgements and estimates

In determining and applying accounting policies, judgement is often required in respect of items where the choice of

specific policy, accounting estimate or assumption to be followed could materially affect the reported results or net

asset position of the company; it may later be determined that a different choice would have been more appropriate.

Management considers that certain accounting estimates and assumptions relating to revenue, taxation, tangible

fixed assets, provisions and contingent liabilities and accruals are its critical accounting estimates.

Turnover

Turnover represents sales of goods net of VAT and trade discounts. Turnover is recognised when the goods are

physically delivered to the customer.

Tangible fixed assets

Depreciation is calculated so as to write off the cost of assets, less their residual value, over their estimated useful

lives as follows:

Plant and machinery - 25% on reducing balance

Computer equipment - 33% on reducing balance

Motor vehicles - 25% on reducing balance

On disposal, the difference between the net disposal proceeds and the carrying amount of the item sold is

recognised in profit or loss, and included in other operating income.

Stocks

Stock is valued at the lower of cost and net realisable value. Cost is determined on a first in first out basis. Net

realisable value represents estimated selling price less costs to complete and sell. Provision is made for slow

moving, obsolete or damaged stock where the net realisable value is less than cost.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial

assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties,

loans to related parties and investments in non-puttable ordinary shares.

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

profit or loss.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an

asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective

interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is

the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between

an asset's carrying amount and the best estimate, which is an approximation, of the amount that the company would

receive for the asset if it were to be sold at the reporting date.

Financial assets and liabilities are offset and the net amount reported in the statement of financial position when

there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to

realise the asset and settle the liability simultaneously.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement

of financial position 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.

Provisions

Provisions are recognised when the company has a legal or constructive obligation at the reporting date as a result

of a past event, it is probable that the company will be required to settle the obligation and the amount of the

obligation can be reliably estimated. Provisions are recognised at the best estimate of the amount required to settle

the obligation at the reporting date.

Impairment of non-financial assets

At each reporting date non-financial assets not carried at fair value, like goodwill and plant, property and equipment,

are reviewed to determine whether there is an indication that an asset may be impaired. If there is an indication of

possible impairment, the recoverable amount of any asset or group of related assets, which is the higher of value in

use and the fair value less cost to sell, is estimated and compared with its carrying amount. If the recoverable

amount is lower, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss is

recognised immediately in profit or loss.

Stocks are also assessed for impairment at each reporting date. The carrying amount of each item of stock, or group

of similar items, is compared with its selling price less costs to complete and sell. If an item of stock or group of

similar items is impaired, its carrying amount is reduced to selling price less costs to complete and sell, and an

impairment loss is recognised immediately in profit or loss.

If an impairment loss is subsequently reversed, the carrying amount of the asset or group of related assets is

increased to the revised estimate of its recoverable amount, but not to exceed the amount that would have been

determined had no impairment loss been recognised for the asset or group of related assets in prior periods. A

reversal of an impairment loss is recognised immediately in profit or loss.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2016 - 24 ) .

5.	PROPERTY, PLANT AND EQUIPMENT

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 31 March 2016

33,253

4,700

2,320

40,273

Disposals

(33,253

)

-

-

(33,253

)

At 30 March 2017

-

4,700

2,320

7,020

DEPRECIATION

At 31 March 2016

12,013

2,718

2,320

17,051

Charge for year

-

496

-

496

Eliminated on disposal

(12,013

)

-

-

(12,013

)

At 30 March 2017

-

3,214

2,320

5,534

NET BOOK VALUE

At 30 March 2017

-

1,486

-

1,486

At 30 March 2016

21,240

1,982

-

23,222

6.

DEBTORS

2017

2016

£

£

Amounts falling due within one year:

Other debtors

24,577

46,287

Amounts falling due after more than one year:

Other debtors

-

5,838

Aggregate amounts

24,577

52,125

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Bank loans and overdrafts

-

8,589

Trade creditors

-

30,000

Taxation and social security

-

12,930

Other creditors

4,147

4,150

4,147

55,669

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Other creditors

-

13,753

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended 30 March 2017 and the period

ended 30 March 2016:

2017

2016

£

£

A Walkman and G J Fenton

Balance outstanding at start of year

14,959

40,857

Amounts advanced

-

44,540

Amounts repaid

(14,959

)

(70,438

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

14,959