REGISTERED NUMBER: 05526156 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2018

FOR

A & D DRAIN SERVICES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr D A Rodrigues

Mrs S J Rodrigues

REGISTERED OFFICE:

Unit C13 Redscar Industrial Estate

Longridge Road

Ribbleton, Preston

Lancashire

PR2 5NN

REGISTERED NUMBER:

05526156 (England and Wales)

ACCOUNTANTS:

Turner Accountants

Chartered Accountants

9 Victoria Rd

Fulwood

Preston

Lancashire

PR2 8ND

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

192,230

98,252

192,230

98,252

CURRENT ASSETS

Debtors

6

457,581

401,278

Cash at bank

195,519

119,848

653,100

521,126

CREDITORS

Amounts falling due within one year

7

374,942

261,890

NET CURRENT ASSETS

278,158

259,236

TOTAL ASSETS LESS CURRENT LIABILITIES

470,388

357,488

CREDITORS

Amounts falling due after more than one year

8

(54,180

)

-

PROVISIONS FOR LIABILITIES

(335,195

)

(357,048

)

NET ASSETS

81,013

440

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

80,913

340

SHAREHOLDERS' FUNDS

81,013

440

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2018 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 11 December 2018 and were signed on its behalf by:

Mr D A Rodrigues - Director

1.	STATUTORY INFORMATION

A & D Drain Services 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of ten years.

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 each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Improvements to property

-

15% on reducing balance

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

50% on reducing balance

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.

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 present legal or constructive obligation arising as a result of a

past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a

reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be

required to settle the obligation taking into account the risks and uncertainties surrounding the obligation.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2017 - 11 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 September 2017

and 31 August 2018

79,835

AMORTISATION

At 1 September 2017

and 31 August 2018

79,835

NET BOOK VALUE

At 31 August 2018

-

At 31 August 2017

-

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 September 2017

27,413

5,767

2,151

Additions

-

8,000

-

At 31 August 2018

27,413

13,767

2,151

DEPRECIATION

At 1 September 2017

12,839

3,195

919

Charge for year

2,186

2,115

323

At 31 August 2018

15,025

5,310

1,242

NET BOOK VALUE

At 31 August 2018

12,388

8,457

909

At 31 August 2017

14,574

2,572

1,232

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 September 2017

303,895

19,317

358,543

Additions

143,881

3,546

155,427

At 31 August 2018

447,776

22,863

513,970

DEPRECIATION

At 1 September 2017

225,432

17,906

260,291

Charge for year

55,586

1,239

61,449

At 31 August 2018

281,018

19,145

321,740

NET BOOK VALUE

At 31 August 2018

166,758

3,718

192,230

At 31 August 2017

78,463

1,411

98,252

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 September 2017

155,000

Additions

120,400

At 31 August 2018

275,400

DEPRECIATION

At 1 September 2017

105,957

Charge for year

42,361

At 31 August 2018

148,318

NET BOOK VALUE

At 31 August 2018

127,082

At 31 August 2017

49,043

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

383,759

331,924

Amounts owed by associates

63,892

63,892

Other debtors

9,930

5,462

457,581

401,278

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Hire purchase contracts

36,120

-

Trade creditors

49,039

120,317

Taxation and social security

128,043

95,765

Other creditors

161,740

45,808

374,942

261,890

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2018

2017

£

£

Hire purchase contracts

54,180

-

9.	SECURED DEBTS

The following secured debts are included within creditors:

2018

2017

£

£

Hire purchase contracts

90,300

-

The hire purchase creditor is secured on the asset to which it relates.