REGISTERED NUMBER: 07252600 (England and Wales)

Financial Statements for the Year Ended 31 March 2017

for

A&P Williams Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P R Williams

A P Williams

REGISTERED OFFICE:

Westfield House

Mellanvrane Lane

Newquay

Cornwall

TR7 2LB

REGISTERED NUMBER:

07252600 (England and Wales)

ACCOUNTANTS:

Sovereign Accounting Solutions

Chartered Accountants and Business Advisers

Unit 9

Moorland Road Industrial Park

Moorland Road, Indian Queens

St Columb

Cornwall

TR9 6FB

FIXED ASSETS

Tangible assets

4

31,801

32,760

CURRENT ASSETS

Debtors

5

210,106

103,806

Cash at bank and in hand

4

640

210,110

104,446

CREDITORS

Amounts falling due within one year

6

162,495

79,802

NET CURRENT ASSETS

47,615

24,644

TOTAL ASSETS LESS CURRENT LIABILITIES

79,416

57,404

CREDITORS

Amounts falling due after more than one year

7

(26,777

)

(32,684

)

PROVISIONS FOR LIABILITIES

(4,120

)

(2,071

)

NET ASSETS

48,519

22,649

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

48,517

22,647

SHAREHOLDERS' FUNDS

48,519

22,649

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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 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 Board of Directors on 18 October 2017 and were signed on its behalf by:

A P Williams - Director

P R Williams - Director

1.	STATUTORY INFORMATION

A&P Williams 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

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.

Plant and machinery etc

-

25% on reducing balance and 25% on cost

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 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.

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 profit or loss over the relevant period. The capital element

of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2016

72,584

Additions

19,859

At 31 March 2017

92,443

DEPRECIATION

At 1 April 2016

39,824

Charge for year

20,818

At 31 March 2017

60,642

NET BOOK VALUE

At 31 March 2017

31,801

At 31 March 2016

32,760

Fixed assets, included in the above, which are held under hire purchase contracts and finance leases are as

follows:

Plant and

machinery

etc

£

COST

At 1 April 2016

and 31 March 2017

44,805

DEPRECIATION

At 1 April 2016

22,402

Charge for year

11,201

At 31 March 2017

33,603

NET BOOK VALUE

At 31 March 2017

11,202

At 31 March 2016

22,403

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Trade debtors

174,150

97,050

Other debtors

35,956

6,756

210,106

103,806

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Bank loans and overdrafts

34,042

8,287

Hire purchase contracts and finance leases

8,484

5,748

Trade creditors

80,948

30,649

Taxation and social security

34,763

31,150

Other creditors

4,258

3,968

162,495

79,802

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.17

31.3.16

£

£

Bank loans

5,268

8,163

Hire purchase contracts and finance leases

21,509

24,521

26,777

32,684

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.17

31.3.16

£

£

Hire purchase contracts and finance leases

29,993

30,269