REGISTERED NUMBER: 02671135 (England and Wales)

A. & R. Electronic Developments Limited

Unaudited Financial Statements

for the Year Ended 31 December 2016

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

R Soltysik

A Soltysik

SECRETARY:

R Soltysik

REGISTERED OFFICE:

Unit 5A Key Point

Keys Park Road

Hednesford

Staffordshire

WS12 2FN

REGISTERED NUMBER:

02671135 (England and Wales)

ACCOUNTANTS:

Haines Watts

Sterling House

97 Lichfield Street

Tamworth

Staffordshire

B79 7QF

FIXED ASSETS

Tangible assets

4

3,525

4,406

Investment property

5

622,211

622,211

625,736

626,617

CURRENT ASSETS

Stocks

4,750

7,500

Debtors

6

94,688

60,764

Cash at bank and in hand

516,580

374,056

616,018

442,320

CREDITORS

Amounts falling due within one year

7

73,972

52,136

NET CURRENT ASSETS

542,046

390,184

TOTAL ASSETS LESS CURRENT LIABILITIES

1,167,782

1,016,801

PROVISIONS FOR LIABILITIES

518

653

NET ASSETS

1,167,264

1,016,148

CAPITAL AND RESERVES

Called up share capital

8

6

6

Capital redemption reserve

4

4

Retained earnings

1,167,254

1,016,138

SHAREHOLDERS' FUNDS

1,167,264

1,016,148

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 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 19 September 2017 and were signed on its behalf by:

R Soltysik - Director

1.	STATUTORY INFORMATION

A. & R. Electronic Developments 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% reducing balance

Fixtures, fittings and equipment

20% reducing balance

Investment properties are included in the balance sheet at their open market value. Depreciation is provided

only on those investment properties which are leasehold and where the unexpired lease term is less than 20

years.

Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities

(effective January 2015), it is a departure from the general requirement of the Companies Act 2006 for all

tangible assets to be depreciated. In the opinion of the directors compliance with the standard is necessary for

the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors

reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be

separately identified or quantified.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes

in fair value is recognised in profit or loss.

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.

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 5 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2016

and 31 December 2016

150,143

DEPRECIATION

At 1 January 2016

145,737

Charge for year

881

At 31 December 2016

146,618

NET BOOK VALUE

At 31 December 2016

3,525

At 31 December 2015

4,406

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2016

and 31 December 2016

622,211

NET BOOK VALUE

At 31 December 2016

622,211

At 31 December 2015

622,211

The directors have reviewed Investment properties for any impairment or other indicator of a change in

value. In the opinion of the directors the value shown in the financial statements is materially true and fair.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Trade debtors

94,555

60,653

Other debtors

133

111

94,688

60,764

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Trade creditors

25,020

23,370

Taxation and social security

40,716

23,807

Other creditors

8,236

4,959

73,972

52,136

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

6

Ordinary

£1

6

6

9.	ULTIMATE CONTROLLING PARTY

No single person has control over the company.

10.	FIRST YEAR ADOPTION

The company has adopted the provisions set out in FRS102 (Section 1A) for small companies. This is the first

year that the company has prepared financial statements under the new regulatory framework. It is not

considered that there are any transitional adjustments required to either the prior year figures nor those at the

transitional date. As such, no reconciliation is provided in these financial statements.