REGISTERED NUMBER: 04590002 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2016

for

A & D Sports Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mr D Golden

Mrs A Golden

REGISTERED OFFICE:

Golden Works

Lawton Street

Rochdale

Lancashire

OL12 0LQ

REGISTERED NUMBER:

04590002 (England and Wales)

ACCOUNTANTS:

N J Grindrod & Co Limited

21 Hare Hill Road

Littleborough

Lancashire

OL15 9AD

FIXED ASSETS

Intangible assets

4

-

-

Property, plant and equipment

5

324,015

707,709

324,015

707,709

CURRENT ASSETS

Inventories

179,893

123,875

Debtors

6

372,144

273,745

Cash at bank and in hand

149,437

154,603

701,474

552,223

CREDITORS

Amounts falling due within one year

7

438,689

549,942

NET CURRENT ASSETS

262,785

2,281

TOTAL ASSETS LESS CURRENT LIABILITIES

586,800

709,990

CREDITORS

Amounts falling due after more than one year

8

64,672

216,038

NET ASSETS

522,128

493,952

CAPITAL AND RESERVES

Called up share capital

1,001

1,001

Retained earnings

521,127

492,951

SHAREHOLDERS' FUNDS

522,128

493,952

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 10 August 2017 and were signed on its behalf by:

Mr D Golden - Director

1.	STATUTORY INFORMATION

A & D Sports 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

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

rebates, value added tax and other sales taxes.

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.

Development costs are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Office equipment

-

15% on reducing balance

Stocks

Inventories 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 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 34 .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2016

and 31 December 2016

137,532

AMORTISATION

At 1 January 2016

and 31 December 2016

137,532

NET BOOK VALUE

At 31 December 2016

-

At 31 December 2015

-

5.	PROPERTY, PLANT AND EQUIPMENT

Improvements

Freehold

to

Plant and

property

property

machinery

£

£

£

COST

At 1 January 2016

589,098

-

134,361

Additions

187,964

82,333

102,188

Disposals

(777,062

)

-

-

At 31 December 2016

-

82,333

236,549

DEPRECIATION

At 1 January 2016

-

-

51,368

Charge for year

-

3,212

18,114

Eliminated on disposal

-

-

-

At 31 December 2016

-

3,212

69,482

NET BOOK VALUE

At 31 December 2016

-

79,121

167,067

At 31 December 2015

589,098

-

82,993

Fixtures

and

Motor

Office

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 January 2016

35,266

28,657

17,138

804,520

Additions

15,140

34,985

16,576

439,186

Disposals

(1,186

)

(17,950

)

(9,321

)

(805,519

)

At 31 December 2016

49,220

45,692

24,393

438,187

DEPRECIATION

At 1 January 2016

15,847

22,250

7,346

96,811

Charge for year

3,842

8,055

2,872

36,095

Eliminated on disposal

(513

)

(13,593

)

(4,628

)

(18,734

)

At 31 December 2016

19,176

16,712

5,590

114,172

NET BOOK VALUE

At 31 December 2016

30,044

28,980

18,803

324,015

At 31 December 2015

19,419

6,407

9,792

707,709

Included within the net book value of £215,234 is £146,434 (2015: £66,866) relating to assets held

under hire purchase agreements. The depreciation charged to the financial statements in the year in

respect of such assets amounted to £21,417 (2015: £11,798).

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

£

Trade debtors

206,012

258,286

Amounts owed by group undertakings

734

-

Other debtors

165,398

15,459

372,144

273,745

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

£

Bank loans and overdrafts

-

30,744

Hire purchase contracts

36,014

24,812

Trade creditors

266,212

362,129

Amounts owed to associates

-

35,571

Taxation and social security

72,433

25,899

Other creditors

64,030

70,787

438,689

549,942

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.16

31.12.15

£

£

Bank loans

-

206,038

Hire purchase contracts

64,672

10,000

64,672

216,038

9.	RELATED PARTY DISCLOSURES

As at 31 December 2016 A & D Sports Limited were owed £734 by A & D Investments Limited, the

parent company of A & D Sports Limited. During the year £300,000 of dividends were paid to A & D

Investments Limited.

As at 31 December 2016 A & D Sports Limited were owed £148,157 by One PT Ltd, a company in

which Mr D Golden and Mrs A Golden are directors and shareholders.