REGISTERED NUMBER: 06257341 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2016

FOR

A & E COMMERCIALS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

A Swift

SECRETARY:

H Swift

REGISTERED OFFICE:

95 High Street

Grimethorpe

Barnsley

South Yorkshire

S72 7BD

REGISTERED NUMBER:

06257341 (England and Wales)

ACCOUNTANTS:

Seaman Herbert & Co

36 - 40 Doncaster Road

Barnsley

South Yorkshire

S70 1TL

FIXED ASSETS

Tangible assets

2

79,914

77,303

CURRENT ASSETS

Stocks

61,003

86,035

Debtors

6,663

6,269

Cash at bank and in hand

3,985

7,589

71,651

99,893

CREDITORS

Amounts falling due within one year

3

95,109

104,016

NET CURRENT LIABILITIES

(23,458

)

(4,123

)

TOTAL ASSETS LESS CURRENT LIABILITIES

56,456

73,180

CREDITORS

Amounts falling due after more than one year

3

(16,109

)

(31,958

)

PROVISIONS FOR LIABILITIES

(6,215

)

(6,915

)

NET ASSETS

34,132

34,307

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

34,032

34,207

SHAREHOLDERS' FUNDS

34,132

34,307

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 30 December 2016 and were signed by:

A Swift - 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

Turnover represents net invoiced sales of goods, excluding value added tax.

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

-

10% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

20% on cost

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.

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

115,415

Additions

6,590

At 31 March 2016

122,005

DEPRECIATION

At 1 April 2015

38,112

Charge for year

3,979

At 31 March 2016

42,091

NET BOOK VALUE

At 31 March 2016

79,914

At 31 March 2015

77,303

3.

CREDITORS

Creditors include an amount of £ 28,784 (2015 - £ 41,458 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

100

ordinary shares

£1

100

100