REGISTERED NUMBER: 05391372 (England and Wales)

A & S Convenience Ltd

Abbreviated Unaudited Accounts for the Year Ended 31 March 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

to

3

Notes to the Abbreviated Accounts

4

to

5

DIRECTORS:

M Hussain

A Sohail

REGISTERED OFFICE:

17-19 High Street

Caythorpe

Lincolnshire

NG32 3DR

REGISTERED NUMBER:

05391372 (England and Wales)

ACCOUNTANTS:

Salway and Wright

Chartered Accountants

32 The Crescent

Spalding

Lincolnshire

PE11 1AF

FIXED ASSETS

Intangible assets

2

61,461

107,179

Tangible assets

3

6,784

9,045

68,245

116,224

CURRENT ASSETS

Stocks

59,623

58,693

Debtors

521

428

Cash at bank

14,527

24,369

74,671

83,490

CREDITORS

Amounts falling due within one year

103,859

113,402

NET CURRENT LIABILITIES

(29,188

)

(29,912

)

TOTAL ASSETS LESS CURRENT LIABILITIES

39,057

86,312

CREDITORS

Amounts falling due after more than one year

-

7,412

NET ASSETS

39,057

78,900

CAPITAL AND RESERVES

Called up share capital

4

20

20

Profit and loss account

39,037

78,880

SHAREHOLDERS' FUNDS

39,057

78,900

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 2 November 2016 and were signed on its behalf by:

M Hussain - Director

A Sohail - 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 a business in 0, is being amortised evenly over its estimated useful life of nil years.

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

-

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 March 2016

139,333

AMORTISATION

At 1 April 2015

32,154

Amortisation for year

45,718

At 31 March 2016

77,872

NET BOOK VALUE

At 31 March 2016

61,461

At 31 March 2015

107,179

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 March 2016

30,200

DEPRECIATION

At 1 April 2015

21,155

Charge for year

2,261

At 31 March 2016

23,416

NET BOOK VALUE

At 31 March 2016

6,784

At 31 March 2015

9,045

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

£

20

Ordinary

£1

20

20