REGISTERED NUMBER: 04116888 (England and Wales)

Abbreviated Accounts for the Year Ended 31 March 2016

for

A & B Fencing Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

J Gorman

Mrs J Tayefi

REGISTERED OFFICE:

Birchill Road

Knowsley Industrial Estate

Liverpool

Merseyside

L33 7TD

REGISTERED NUMBER:

04116888 (England and Wales)

ACCOUNTANTS:

Cobham Murphy Limited

116 Duke Street

Liverpool

Merseyside

L1 5JW

FIXED ASSETS

Tangible assets

2

864,638

1,020,571

CURRENT ASSETS

Stocks

82,577

108,772

Debtors

267,644

191,396

Cash at bank and in hand

18,456

2,810

368,677

302,978

CREDITORS

Amounts falling due within one year

3

298,424

346,709

NET CURRENT ASSETS/(LIABILITIES)

70,253

(43,731

)

TOTAL ASSETS LESS CURRENT LIABILITIES

934,891

976,840

CREDITORS

Amounts falling due after more than one year

3

145,055

178,708

NET ASSETS

789,836

798,132

CAPITAL AND RESERVES

Called up share capital

4

3

3

Revaluation reserve

655,000

655,000

Profit and loss account

134,833

143,129

SHAREHOLDERS' FUNDS

789,836

798,132

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 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 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 Board of Directors on 20 December 2016 and were signed on its behalf by:

J Gorman - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention as modified by the revaluation

of certain assets 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Land and buildings

-

No depreciation charged

Plant and machinery etc

-

25% on reducing balance and 15% 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.

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

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 the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

2.	TANGIBLE FIXED ASSETS

Total

£

COST OR VALUATION

At 1 April 2015

1,338,821

Additions

2,045

Disposals

(134,992

)

At 31 March 2016

1,205,874

DEPRECIATION

At 1 April 2015

318,250

Charge for year

35,160

Eliminated on disposal

(12,174

)

At 31 March 2016

341,236

NET BOOK VALUE

At 31 March 2016

864,638

At 31 March 2015

1,020,571

3.

CREDITORS

Creditors include an amount of £ 178,660 (31.3.15 - £ 245,282 ) for which security has been given.

They also include the following debts falling due in more than five years:

31.3.16

31.3.15

£

£

Repayable by instalments

32,171

53,559

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

£

3

Ordinary

£1

3

3

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year the director, Mr J Gorman , operated an account to which transactions of a private nature were

charged. Included in other debtors at the balance sheet date is £9,553 (2015 £18,168 was included in other

creditors) which is owed to the company by the director.

6.	RELATED PARTY DISCLOSURES

During the year, total dividends of £38,600 were paid to the directors .

Included in debtors at the balance sheet date is £121,013 (2015 - £39,514) owed by Gorman Investments

Limited. A&B Fencing Limited and Gorman Investments Limited are related by common directors and

shareholders.

J Gorman is also a shareholder of Mersey Concrete Limited. Included in other creditors as at 31st March 2016 is

£30,370 (2015 £30,470) owing to Mersey Concrete Limited.

7.	CONTROLLING PARTIES

J Gorman and C Carr are the controlling parties by virtue of their shareholdings.