REGISTERED NUMBER: 04931075 (England and Wales)

Unaudited Financial Statements for the Year Ended 31st March 2018

for

A & C HAMILTON LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr A Hamilton

REGISTERED OFFICE:

946-950 Blackpool Road

Lea

Preston

Lancashire

PR2 1XN

REGISTERED NUMBER:

04931075 (England and Wales)

ACCOUNTANTS:

Abrams Ashton

Chartered Certified Accountants

41 St Thomas's Road

Chorley

Lancashire

PR7 1JE

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

17,707

21,321

17,707

21,321

CURRENT ASSETS

Stocks

255,883

246,239

Debtors

6

23,834

15,752

Cash at bank and in hand

144,940

121,796

424,657

383,787

CREDITORS

Amounts falling due within one year

7

62,532

61,579

NET CURRENT ASSETS

362,125

322,208

TOTAL ASSETS LESS CURRENT LIABILITIES

379,832

343,529

PROVISIONS FOR LIABILITIES

3,364

2,720

NET ASSETS

376,468

340,809

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

376,368

340,709

SHAREHOLDERS' FUNDS

376,468

340,809

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2018 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 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 director on 14th November 2018 and were signed by:

Mr A Hamilton - Director

1.	STATUTORY INFORMATION

A & C Hamilton 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.

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.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts

receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Income is recognised when goods and services have been delivered to customers such that risks and rewards of

ownership have transferred to them.

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

-

5% on cost

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

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.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12

'Other Financial Instruments' of FRS 102 to all its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the

contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there

is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or

to realise the asset and settle the liability simultaneously.

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.

Pension costs and other post-retirement benefits

The Company operates a defined contribution scheme, contributions are charged to the profit and loss account in

the period the contributions are payable.

The Company also makes contributions for certain employees to individual personal pension schemes.

Contributions are charged to the profit and loss account in the period to which they relate.

Cash and cash equivalents

Cash and cash equivalents includes cash in hand, deposits held with banks, and bank overdrafts. Bank

overdrafts, when applicable, are shown within borrowings in current liabilities.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2017 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st April 2017

and 31st March 2018

103,000

AMORTISATION

At 1st April 2017

and 31st March 2018

103,000

NET BOOK VALUE

At 31st March 2018

-

At 31st March 2017

-

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

Motor

property

fittings

vehicles

Totals

£

£

£

£

COST

At 1st April 2017

and 31st March 2018

11,028

16,511

13,650

41,189

DEPRECIATION

At 1st April 2017

3,306

13,149

3,413

19,868

Charge for year

551

504

2,559

3,614

At 31st March 2018

3,857

13,653

5,972

23,482

NET BOOK VALUE

At 31st March 2018

7,171

2,858

7,678

17,707

At 31st March 2017

7,722

3,362

10,237

21,321

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Trade debtors

12,946

15,167

Other debtors

10,286

-

Prepayments and accrued income

602

585

23,834

15,752

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Trade creditors

-

6,964

Tax

13,820

8,710

Social security and other taxes

15,814

9,902

Other creditors

20,789

20,343

Directors' loan accounts

9,009

12,560

Accruals and deferred income

3,100

3,100

62,532

61,579

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.18

31.3.17

value:

£

£

80

Ordinary 'A'

£1

80

80

10

Ordinary 'B' shares

£1

10

10

10

Ordinary 'C' shares

£1

10

10

100

100

All the shares rank pari passu except in respect of dividends where the amounts paid can be differentiated

between the classes of shares.

9.	RELATED PARTY DISCLOSURES

The Shop at 946-950 Blackpool Road, Lea, Preston has been let to the company at the cost of £24,000 per

annum (2017 - £24,000). This property is jointly held by the director.

10.	ULTIMATE CONTROLLING PARTY

The company was under the control of Mr A Hamilton, director and majority shareholder during the current and

previous year.