REGISTERED NUMBER: 01875174 (England and Wales)

A.A. FRANCES AND SONS LIMITED

Unaudited Financial Statements for the Year Ended 30 June 2017

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs F M Crompton

A H Crompton

A A Crompton

SECRETARY:

Mrs F M Crompton

REGISTERED OFFICE:

Unit 93 Heming Road

Washford Ind Est

Redditch

Worcestershire

B98 0EA

REGISTERED NUMBER:

01875174 (England and Wales)

ACCOUNTANTS:

Michael Dufty Partnership Limited

59-61 Charlotte Street

St Pauls Square

Birmingham

West Midlands

B3 1PX

FIXED ASSETS

Tangible assets

4

50,320

63,387

CURRENT ASSETS

Stocks

-

21,001

Debtors

5

50,631

210,602

Cash at bank and in hand

101,718

178,176

152,349

409,779

CREDITORS

Amounts falling due within one year

6

57,257

270,708

NET CURRENT ASSETS

95,092

139,071

TOTAL ASSETS LESS CURRENT LIABILITIES

145,412

202,458

PROVISIONS FOR LIABILITIES

7,663

9,630

NET ASSETS

137,749

192,828

CAPITAL AND RESERVES

Called up share capital

102

102

Retained earnings

137,647

192,726

SHAREHOLDERS' FUNDS

137,749

192,828

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 11 January 2018 and were signed on its behalf by:

A A Crompton - Director

1.	STATUTORY INFORMATION

A.A. Frances And Sons 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 each asset over its estimated useful life.

Short leasehold

-

The period of the lease

Tools and equipment

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks and service contracts

Stock is valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Service contracts are accounted for under the stage of completion method and included at the contract value.

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.

Debtors and creditors receivable/payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at

transaction price. Any losses arising from impairment are recognised in the profit and loss account.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 .

4.	TANGIBLE FIXED ASSETS

Short

Tools and

Motor

Computer

leasehold

equipment

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 July 2016

34,985

22,413

95,073

16,367

168,838

Disposals

-

-

(14,047

)

-

(14,047

)

At 30 June 2017

34,985

22,413

81,026

16,367

154,791

DEPRECIATION

At 1 July 2016

6,997

13,630

68,817

16,007

105,451

Charge for year

3,500

2,196

6,418

360

12,474

Eliminated on disposal

-

-

(13,454

)

-

(13,454

)

At 30 June 2017

10,497

15,826

61,781

16,367

104,471

NET BOOK VALUE

At 30 June 2017

24,488

6,587

19,245

-

50,320

At 30 June 2016

27,988

8,783

26,256

360

63,387

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

41,283

197,744

Tax

9,348

7,290

Prepayments and accrued income

-

5,568

50,631

210,602

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

18,714

44,271

Tax

-

53,216

Social security and other taxes

1,851

5,566

VAT

10,379

39,026

Directors' current accounts

5,000

78,000

Accrued expenses

21,313

50,629

57,257

270,708

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2017

2016

£

£

In more than five years

70,000

80,000

8.	ULTIMATE CONTROLLING PARTY

Mr and Mrs Crompton are considered to be the controlling parties by virtue of the majority shareholding in the

issued share capital of the company.