REGISTERED NUMBER: 04893556 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2016

FOR

A & P SEDMAN LIMITED

Page

Abbreviated Balance Sheet

1

Notes to the Abbreviated Accounts

3

FIXED ASSETS

Intangible assets

2

55,098

62,950

Tangible assets

3

6,657

8,134

61,755

71,084

CURRENT ASSETS

Stocks

6,555

6,555

Debtors

63,116

71,667

Cash at bank

27,314

34,623

96,985

112,845

CREDITORS

Amounts falling due within one year

4

88,015

100,625

NET CURRENT ASSETS

8,970

12,220

TOTAL ASSETS LESS CURRENT LIABILITIES

70,725

83,304

CREDITORS

Amounts falling due after more than one year

(25,000

)

-

PROVISIONS FOR LIABILITIES

(570

)

(670

)

NET ASSETS

45,155

82,634

CAPITAL AND RESERVES

Called up share capital

5

100

100

Profit and loss account

45,055

82,534

SHAREHOLDERS' FUNDS

45,155

82,634

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 6 January 2017 and were signed on its behalf by:

Mr A Sedman - Director

Mrs S A Sedman - 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).

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a small

company.

Turnover

Turnover represents net invoiced sales of goods and services, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of twenty years.

Company's personalised vehicle number plate

The company's personalised vehicle number plate has been capitalised and is being amortised evenly over its estimated

useful life of twenty 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

-

5% on cost

Plant and machinery

-

20% on cost

Fixtures and fittings

-

20% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

30% on cost

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.

Revenue recognition

Revenue is recognised as earned when, and to the extent that, the company obtains the right to consideration in exchange

for the supply of goods and services that it provides. It is measured at the fair value of the right to consideration, which

represents amounts chargeable to customers.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2015

and 31 August 2016

157,043

AMORTISATION

At 1 September 2015

94,093

Amortisation for year

7,852

At 31 August 2016

101,945

NET BOOK VALUE

At 31 August 2016

55,098

At 31 August 2015

62,950

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2015

81,056

Additions

2,500

Disposals

(3,500

)

At 31 August 2016

80,056

DEPRECIATION

At 1 September 2015

72,922

Charge for year

2,370

Eliminated on disposal

(1,893

)

At 31 August 2016

73,399

NET BOOK VALUE

At 31 August 2016

6,657

At 31 August 2015

8,134

4.

CREDITORS

Creditors include an amount of £ 8,034 (2015 - £ 7,566 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

100

Ordinary

£1

100

100

6.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 August 2016 and 31 August 2015:

2016

2015

£

£

Mr A Sedman and Mrs S A Sedman

Balance outstanding at start of year

(27,257

)

(8,690

)

Amounts advanced

43,400

41,433

Amounts repaid

(60,088

)

(60,000

)

Balance outstanding at end of year

(43,945

)

(27,257

)

The above loan is unsecured and the directors have agreed that £25,000 of the loan will not be requested for repayment

within the next twelve months.

The above loan incurs interest at 4% per annum on a daily basis whilst it is overdrawn. The loan is interest free whilst in

credit.

During this year and the previous year the loan was never overdrawn.