REGISTERED NUMBER: 04665932 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2017

for

A & P Fencing (UK) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

8

DIRECTORS:

A J Milner

Mrs H J Milner

SECRETARY:

Mrs H J Milner

REGISTERED OFFICE:

Hanover Court

5 Queen Street

Lichfield

Staffordshire

WS13 6QD

BUSINESS ADDRESS:

Freeford Bridge

Tamworth Road

Lichfield

Staffordshire

WS14 9JB

REGISTERED NUMBER:

04665932 (England and Wales)

ACCOUNTANTS:

Tomkinson Teal Limited

Hanover Court

5 Queen Street

Lichfield

Staffordshire

WS13 6QD

FIXED ASSETS

Tangible assets

5

455,209

365,487

CURRENT ASSETS

Stocks

318,655

393,678

Debtors

6

632,399

608,556

Cash at bank

72,175

107,589

1,023,229

1,109,823

CREDITORS

Amounts falling due within one year

7

(1,076,940

)

(1,098,579

)

NET CURRENT (LIABILITIES)/ASSETS

(53,711

)

11,244

TOTAL ASSETS LESS CURRENT LIABILITIES

401,498

376,731

CREDITORS

Amounts falling due after more than one year

8

(114,410

)

(145,747

)

NET ASSETS

287,088

230,984

CAPITAL AND RESERVES

Called up share capital

10

2

2

Retained earnings

11

287,086

230,982

SHAREHOLDERS' FUNDS

287,088

230,984

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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors on 23 November 2017 and were signed on its behalf by:

A J Milner - Director

1.	STATUTORY INFORMATION

A & P Fencing (UK) 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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.

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.

Plant and machinery etc

-

25% on reducing balance and 15% on reducing balance

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all

costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and

condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and

slow-moving stock where appropriate.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 29 .

5.	TANGIBLE FIXED ASSETS

Freehold

Short

Plant and

Motor

property

leasehold

machinery

vehicles

Totals

£

£

£

£

£

COST

At 1 April 2016

203,384

4,000

266,826

196,445

670,655

Additions

100,000

-

-

44,500

144,500

Disposals

-

(4,000

)

-

(5,500

)

(9,500

)

At 31 March 2017

303,384

-

266,826

235,445

805,655

DEPRECIATION

At 1 April 2016

-

-

201,160

104,008

305,168

Charge for year

-

-

13,773

33,255

47,028

Eliminated on disposal

-

-

-

(1,750

)

(1,750

)

At 31 March 2017

-

-

214,933

135,513

350,446

NET BOOK VALUE

At 31 March 2017

303,384

-

51,893

99,932

455,209

At 31 March 2016

203,384

4,000

65,666

92,437

365,487

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

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 April 2016

and 31 March 2017

18,850

61,500

80,350

DEPRECIATION

At 1 April 2016

-

23,250

23,250

Charge for year

3,770

9,563

13,333

At 31 March 2017

3,770

32,813

36,583

NET BOOK VALUE

At 31 March 2017

15,080

28,687

43,767

At 31 March 2016

18,850

38,250

57,100

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

632,399

608,556

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Bank loans and overdrafts

12,383

12,383

Hire purchase contracts

9,143

21,810

Trade creditors

547,102

673,497

Taxation and social security

109,037

86,547

Other creditors

399,275

304,342

1,076,940

1,098,579

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Bank loans

112,996

136,577

Hire purchase contracts

1,414

9,170

114,410

145,747

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

63,464

60,095

9.	SECURED DEBTS

The following secured debts are included within creditors:

2017

2016

£

£

Bank loans

125,379

148,960

The bank loans are secured on the company's freehold property.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

2

Ordinary

£1

2

2

11.

RESERVES

Retained

earnings

£

At 1 April 2016

230,982

Profit for the year

66,104

Dividends

(10,000

)

At 31 March 2017

287,086

12.	RELATED PARTY DISCLOSURES

A J Milner

Director

2017

2016

£

£

Amount due to related party at the balance sheet date

369,376

279,441

Mrs H J Milner

Director

2017

2016

£

£

Amount due to related party at the balance sheet date

26,000

21,000

These loans are due on demand and no formal rate of interest has been agreed.

During the year the directors received dividends of £10,000 (2016 - £20,000).

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file

a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the

Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of A & P Fencing (UK) Limited for the year ended 31 March 2017 which comprise the Profit and

Loss Account, Balance Sheet and the related notes from the company's accounting records and from information and

explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of A & P Fencing (UK) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of A & P Fencing (UK) Limited and state those matters that we have agreed to state to the Board of Directors of A & P Fencing (UK) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than A & P Fencing (UK) Limited Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that A & P Fencing (UK) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of A & P Fencing (UK) Limited. You consider that A & P Fencing (UK) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of A & P Fencing (UK) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Tomkinson Teal Limited

Hanover Court

5 Queen Street

Lichfield

Staffordshire

WS13 6QD

23 November 2017