A & R SURFACE FINISHERS LIMITED

Company Registration Number:
04774897 (England and Wales)

Unaudited statutory accounts for the year ended 31 May 2017

Period of accounts

Start date: 01 June 2016

End date: 31 May 2017

Page 1

A & R SURFACE FINISHERS LIMITED

Contents of the Financial Statements

for the Period Ended 31 May 2017

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 9

Page 2

A & R SURFACE FINISHERS LIMITED

Company Information

for the Period Ended 31 May 2017




Director: Mr Richard Hulls
Mrs Rachel Hulls
Mr Anthony Wainwright
Mrs Denise Wainwright
Secretary: Mr Richard Hulls
Registered office: 2
Sussex Street
Leicester
Leicestershire
LE5 3BF
Company Registration Number: 04774897 (England and Wales)

Page 3

A & R SURFACE FINISHERS LIMITED

Directors' Report Period Ended 31 May 2017

The directors present their report with the financial statements of the company for the period ended 31 May 2017

Principal Activities

The principal activity of the company is spray-paint finishing and powder coating.

Directors

The directors shown below have held office during the whole of the period from 01 June 2016 to 31 May 2017
Mr Richard Hulls
Mrs Rachel Hulls

The director(s) shown below resigned during the period
Mr Anthony Wainwright
31 March 2017
Mrs Denise Wainwright
31 March 2017

Secretary
Mr Richard Hulls

This report was approved by the board of directors on 1 February 2018
And Signed On Behalf Of The Board By:

Name: Mr Richard Hulls
Status: Director

Page 4

A & R SURFACE FINISHERS LIMITED

Profit and Loss Account

for the Period Ended 31 May 2017


Notes
2017
£
2016
£
Turnover 357,338 336,187
Cost of sales (54,810) (51,184)
Gross Profit or (Loss) 302,528 285,003
Administrative Expenses (189,465) (193,592)
Operating Profit or (Loss) 113,063 91,411
Profit or (Loss) Before Tax 113,063 91,411
Tax on Profit (22,802) (18,402)
Profit or (Loss) for Period 90,261 73,009

The notes form part of these financial statements

Page 5

A & R SURFACE FINISHERS LIMITED

Balance sheet

As at 31 May 2017


Notes
2017
£
2016
£
Fixed assets
Intangible assets: 2 105,000 0
Tangible assets: 3 3,659 3,723
Total fixed assets: 108,659 3,723
Current assets
Stocks: 18,750 18,125
Debtors: 4 110,086 79,201
Cash at bank and in hand: 5,727 5,217
Total current assets: 134,563 102,543
Prepayments and accrued income: 1,227 1,482
Creditors: amounts falling due within one year: 5 ( 179,782 ) ( 77,287 )
Net current assets (liabilities): ( 43,992 ) 26,738
Total assets less current liabilities: 64,667 30,461
Total net assets (liabilities): 64,667 30,461

The notes form part of these financial statements

Page 6

A & R SURFACE FINISHERS LIMITED

Balance sheet continued

As at 31 May 2017


Notes
2017
£
2016
£
Capital and reserves
Called up share capital: 202 202
Profit and loss account: 64,465 30,259
Shareholders funds: 64,667 30,461

For the year ending 31 May 2017 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 1 February 2018
And Signed On Behalf Of The Board By:

Name: Mr Richard Hulls
Status: Director

The notes form part of these financial statements

Page 7

A & R SURFACE FINISHERS LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2017

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Page 8

A & R SURFACE FINISHERS LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2017

2. Intangible assets

Goodwill Total
Cost £ £
At 01 June 2016 - -
Additions 105,000 105,000
Disposals - -
Revaluations - -
Transfers - -
At 31 May 2017 105,000 105,000
Amortisation
Amortisation at 01 June 2016 - -
Charge for year - -
On disposals - -
Other adjustments - -
Amortisation at 31 May 2017 - -
Net book value
Net book value at 31 May 2017 105,000 105,000
Net book value at 31 May 2016 - -

Page 9

A & R SURFACE FINISHERS LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2017

3. Tangible assets

Plant & machinery Fixtures & fittings Total
Cost £ £ £
At 01 June 2016 42,849 3,921 46,770
Additions - 885 885
Disposals - - -
Revaluations - - -
Transfers - - -
At 31 May 2017 42,849 4,806 47,655
Depreciation
At 01 June 2016 39,285 3,762 43,047
Charge for year 891 58 949
On disposals - - -
Other adjustments - - -
At 31 May 2017 40,176 3,820 43,996
Net book value
At 31 May 2017 2,673 986 3,659
At 31 May 2016 3,564 159 3,723

Page 10

A & R SURFACE FINISHERS LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2017

4. Debtors


2017
£
2016
£
Trade debtors 110,086 79,201
Total 110,086 79,201

The trade debtor figure is made up of amounts owed by customers including vat.

Page 11

A & R SURFACE FINISHERS LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2017

5.Creditors: amounts falling due within one year note


2017
£
2016
£
Bank loans and overdrafts 110,812 24,313
Trade creditors 7,776 9,146
Taxation and social security 38,097 29,120
Accruals and deferred income 23,097 14,708
Total 179,782 77,287

Page 12