REGISTERED NUMBER: 05582991 (England and Wales)

A & L Paving Limited

Unaudited Financial Statements

for the Year Ended 31st December 2017

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

7

DIRECTORS:

L Herbert

P J McMahon

R A Ferrison

D L Herbert

SECRETARY:

Mrs J E Herbert

REGISTERED OFFICE:

310 Wellingborough Road

Northampton

Northamptonshire

NN1 4EP

BUSINESS ADDRESS:

3 Giffard Court

St James Mill Road

Northampton

NN5 5JN

REGISTERED NUMBER:

05582991 (England and Wales)

ACCOUNTANTS:

Cheney & Co

310 Wellingborough Road

Northampton

NN1 4EP

FIXED ASSETS

Intangible assets

5

682,000

767,250

Tangible assets

6

66,651

80,366

748,651

847,616

CURRENT ASSETS

Stocks

7

115,000

117,906

Debtors

8

408,463

497,366

Cash at bank

791,446

580,467

1,314,909

1,195,739

CREDITORS

Amounts falling due within one year

9

672,687

545,482

NET CURRENT ASSETS

642,222

650,257

TOTAL ASSETS LESS CURRENT LIABILITIES

1,390,873

1,497,873

CREDITORS

Amounts falling due after more than one year

10

(200,000

)

(480,000

)

PROVISIONS FOR LIABILITIES

12

(12,900

)

(16,100

)

NET ASSETS

1,177,973

1,001,773

CAPITAL AND RESERVES

Called up share capital

13

105

105

Retained earnings

1,177,868

1,001,668

SHAREHOLDERS' FUNDS

1,177,973

1,001,773

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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 9th July 2018 and were signed on its behalf by:

L Herbert - Director

P J McMahon - Director

1.	STATUTORY INFORMATION

A & L Paving 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 (£).

The principle activity of the company is the provision of industrial hard standing surfaces.

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.

These financial statements for the year ended 31st December 2017 comply 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".

The significant accounting policies applied in the preparation of these financial statements are set out below.

These policies have been consistency applied to all years presented unless otherwise stated.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of twenty years.

The directors consider that the company will continue to benefit from this asset for this length of time.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance

for obsolete and slow moving items.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those

held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance

leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element

of the future payments is treated as a liability.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2016 - 18 ) .

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st January 2017

and 31st December 2017

1,705,000

AMORTISATION

At 1st January 2017

937,750

Charge for year

85,250

At 31st December 2017

1,023,000

NET BOOK VALUE

At 31st December 2017

682,000

At 31st December 2016

767,250

6.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1st January 2017

2,730

12,208

169,595

184,533

Additions

-

657

14,264

14,921

Disposals

-

-

(11,500

)

(11,500

)

At 31st December 2017

2,730

12,865

172,359

187,954

DEPRECIATION

At 1st January 2017

2,730

11,661

89,776

104,167

Charge for year

-

269

23,515

23,784

Eliminated on disposal

-

-

(6,648

)

(6,648

)

At 31st December 2017

2,730

11,930

106,643

121,303

NET BOOK VALUE

At 31st December 2017

-

935

65,716

66,651

At 31st December 2016

-

547

79,819

80,366

The net book value of tangible fixed assets includes £NIL (2016 - £ 10,660 ) in respect of assets held under hire

purchase contracts.

7.

STOCKS

2017

2016

£

£

Raw materials

15,000

15,000

Work-in-progress

100,000

102,906

115,000

117,906

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

393,139

484,433

Amounts owed by group undertakings

389

389

Other debtors

14,935

12,544

408,463

497,366

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Hire purchase contracts (see note 11)

-

6,201

Trade creditors

313,560

174,175

Taxation and social security

228,364

156,491

Other creditors

130,763

208,615

672,687

545,482

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Other creditors

200,000

480,000

11.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts

2017

2016

£

£

Net obligations repayable:

Within one year

-

6,201

Non-cancellable

operating leases

2017

2016

£

£

Within one year

10,000

10,000

12.	PROVISIONS FOR LIABILITIES

2017

2016

£

£

Deferred tax

12,900

16,100

Deferred

tax

£

Balance at 1st January 2017

16,100

Credit to Income Statement during year

(3,200

)

Balance at 31st December 2017

12,900

13.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

100

Ordinary

£1

100

100

2

Ordinary A

£1

2

2

1

Ordinary B

£1

1

1

1

Ordinary C

£1

1

1

1

Ordinary D

£1

1

1

105

105

14.	CONTINGENT LIABILITIES

There were no contingent liabilities as at 31st December 2017 or 31st December 2016.

15.	CAPITAL COMMITMENTS

There were no capital commitments as at 31st December 2017 or 31st December 2016.