REGISTERED NUMBER: 05415161 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MAY 2016

FOR

AA THORNTON LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

to

3

Notes to the Abbreviated Accounts

4

to

5

DIRECTORS:

J M Randall

Mrs S J Randall

SECRETARY:

J M Randall

REGISTERED OFFICE:

Thorpe House

93 Headlands

Kettering

Northamptonshire

NN15 6BL

REGISTERED NUMBER:

05415161 (England and Wales)

FIXED ASSETS

Intangible assets

2

-

-

Tangible assets

3

120,432

133,814

Investments

4

3,000

3,000

123,432

136,814

CURRENT ASSETS

Stocks

120,113

117,740

Debtors

2,170

2,438

Cash in hand

3,859

3,258

126,142

123,436

CREDITORS

Amounts falling due within one year

5

181,991

193,216

NET CURRENT LIABILITIES

(55,849

)

(69,780

)

TOTAL ASSETS LESS CURRENT LIABILITIES

67,583

67,034

CREDITORS

Amounts falling due after more than one year

5

(25,259

)

(31,182

)

PROVISIONS FOR LIABILITIES

(16,419

)

(17,634

)

NET ASSETS

25,905

18,218

CAPITAL AND RESERVES

Called up share capital

6

2

2

Profit and loss account

25,903

18,216

SHAREHOLDERS' FUNDS

25,905

18,218

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 23 January 2017 and were signed on its behalf by:

Mrs S J Randall - 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of the business on 1st June 2005, is being

amortised evenly over its estimated useful life of ten years.

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

-

10% on cost

Fixtures and fittings

-

10% 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

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

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

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2015

and 31 May 2016

150,000

AMORTISATION

At 1 June 2015

and 31 May 2016

150,000

NET BOOK VALUE

At 31 May 2016

-

At 31 May 2015

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2015

and 31 May 2016

159,436

DEPRECIATION

At 1 June 2015

25,622

Charge for year

13,382

At 31 May 2016

39,004

NET BOOK VALUE

At 31 May 2016

120,432

At 31 May 2015

133,814

4.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 June 2015

and 31 May 2016

3,000

NET BOOK VALUE

At 31 May 2016

3,000

At 31 May 2015

3,000

5.

CREDITORS

Creditors include an amount of £ 74,379 (2015 - £ 89,550 ) for which security has been given.

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

2016

2015

£

£

Repayable by instalments

9,442

15,365

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

2

Ordinary

£1

2

2

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Other creditors includes £30,095 (2015:£47,841) owed to the directors on their loan accounts with the company.