REGISTERED NUMBER: 03748887 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 May 2016

for

A & D Sales Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

D Ormrod

Mrs A J Wallwork

SECRETARY:

D Hindle

REGISTERED OFFICE:

Unit 4a Peel Industrial Estate

Peel House, Peel Road

Skelmersdale

Lancashire

WN8 9PT

REGISTERED NUMBER:

03748887 (England and Wales)

ACCOUNTANTS:

McEwan Wallace Limited

68 Argyle Street

Birkenhead

CH41 6AF

FIXED ASSETS

Tangible assets

2

115,859

131,815

CURRENT ASSETS

Stocks

1,332,668

1,427,244

Debtors

565,092

545,853

Cash at bank and in hand

48,698

53,233

1,946,458

2,026,330

CREDITORS

Amounts falling due within one year

3

580,582

583,220

NET CURRENT ASSETS

1,365,876

1,443,110

TOTAL ASSETS LESS CURRENT LIABILITIES

1,481,735

1,574,925

CREDITORS

Amounts falling due after more than one year

3

(30,986

)

(40,772

)

PROVISIONS FOR LIABILITIES

(20,821

)

(23,496

)

NET ASSETS

1,429,928

1,510,657

CAPITAL AND RESERVES

Called up share capital

4

2

2

Profit and loss account

1,429,926

1,510,655

SHAREHOLDERS' FUNDS

1,429,928

1,510,657

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 20 October 2016 and were signed on its behalf by:

Mrs A J Wallwork - Director

D Ormrod - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance

with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Income is recognised on an accruals basis according to delivery of the services supplied.

Tangible fixed assets

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

Improvements to property

-

10% on cost

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

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

obsolete and slow moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at

the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of

exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at

the operating result.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account 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 the profit and loss account in the period to which they

relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2015

334,450

Additions

13,353

At 31 May 2016

347,803

DEPRECIATION

At 1 June 2015

202,635

Charge for year

29,309

At 31 May 2016

231,944

NET BOOK VALUE

At 31 May 2016

115,859

At 31 May 2015

131,815

3.

CREDITORS

Creditors include an amount of £ 94,840 (31.5.15 - £ 111,433 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.16

31.5.15

value:

£

£

1

A Ordinary

£1

1

1

1

B Ordinary

£1

1

1

2

2

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 May 2016 and

31 May 2015:

31.5.16

31.5.15

£

£

D Ormrod

Balance outstanding at start of year

(9,614

)

(5,780

)

Amounts advanced

87,646

1,450

Amounts repaid

(5,077

)

(5,284

)

Balance outstanding at end of year

72,955

(9,614

)

Mrs A J Wallwork

Balance outstanding at start of year

(7,223

)

(5,623

)

Amounts advanced

74,742

1,816

Amounts repaid

(3,166

)

(3,416

)

Balance outstanding at end of year

64,353

(7,223

)

At 31 May 2016, D Ormrod, director, owed the company £72,955 (2015 - the company owed D

Ormrod £9,614). Interest charged on the directors loan of £478 (2015 - £607) was included in accruals

at the year end.

At 31 May 2016, Mrs A J Wallwork, director, owed the company £64,353 (2015 - the company owed

Mrs A J Wallwork £7,223). Interest charged on the directors loan of £362 (2015 - £553) was included

in accruals at the year end.