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REGISTERED NUMBER: 05391372 (England and Wales)















A & S Convenience Ltd

Unaudited Financial Statements for the Year Ended 31 March 2017






A & S Convenience Ltd (Registered number: 05391372)






Contents of the Financial Statements
for the Year Ended 31 March 2017




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 5


A & S Convenience Ltd

Company Information
for the Year Ended 31 March 2017







DIRECTORS: M Hussain
A Sohail





REGISTERED OFFICE: 17-19 High Street
Caythorpe
Lincolnshire
NG32 3DR





REGISTERED NUMBER: 05391372 (England and Wales)





ACCOUNTANTS: Salway and Wright
Chartered Accountants
32 The Crescent
Spalding
Lincolnshire
PE11 1AF

A & S Convenience Ltd (Registered number: 05391372)

Balance Sheet
31 March 2017

31.3.17 31.3.16
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 3 26,206 61,461
Tangible assets 4 4,332 6,784
30,538 68,245

CURRENT ASSETS
Stocks 65,257 59,623
Debtors 5 452 521
Cash at bank 12,574 14,527
78,283 74,671
CREDITORS
Amounts falling due within one year 6 92,242 128,859
NET CURRENT LIABILITIES (13,959 ) (54,188 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

16,579

14,057

CAPITAL AND RESERVES
Called up share capital 20 20
Retained earnings 16,559 14,037
SHAREHOLDERS' FUNDS 16,579 14,057

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

A & S Convenience Ltd (Registered number: 05391372)

Balance Sheet - continued
31 March 2017


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 December 2017 and were signed on its behalf
by:




M Hussain - Director



A Sohail - Director


A & S Convenience Ltd (Registered number: 05391372)

Notes to the Financial Statements
for the Year Ended 31 March 2017

1. STATUTORY INFORMATION

A & S Convenience Ltd 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 0, is being amortised evenly over its estimated useful life of nil 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.
Plant and machinery - 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.

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.

A & S Convenience Ltd (Registered number: 05391372)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2017

3. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2016
and 31 March 2017 139,333
AMORTISATION
At 1 April 2016 77,872
Charge for year 35,255
At 31 March 2017 113,127
NET BOOK VALUE
At 31 March 2017 26,206
At 31 March 2016 61,461

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 April 2016
and 31 March 2017 30,200
DEPRECIATION
At 1 April 2016 23,416
Charge for year 2,452
At 31 March 2017 25,868
NET BOOK VALUE
At 31 March 2017 4,332
At 31 March 2016 6,784

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.17 31.3.16
£    £   
Trade debtors 452 521

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.17 31.3.16
£    £   
Trade creditors 58,522 102,456
Taxation and social security 5,255 5,580
Other creditors 28,465 20,823
92,242 128,859