REGISTERED NUMBER: 05588956 (England and Wales)

A AND K LINCS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2018

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

to

4

DIRECTORS:

A S Nijjar

K K Nijjar

G S Nijjar

Mrs D K Nijjar

SECRETARY:

Mrs K K Nijjar

REGISTERED OFFICE:

Rosedale

Waltham Road

Barnoldby le Beck

Grimsby

N E Lincolnshire

DN37 0AS

REGISTERED NUMBER:

05588956 (England and Wales)

ACCOUNTANTS:

Weaver Wroot

28 Dudley Street

Grimsby

N E Lincolnshire

DN31 2AB

FIXED ASSETS

Tangible assets

4

259,972

305,573

CURRENT ASSETS

Stocks

12,560

10,060

Debtors

5

137,596

73,347

Cash at bank and in hand

22,066

61,881

172,222

145,288

CREDITORS

Amounts falling due within one year

6

121,409

106,471

NET CURRENT ASSETS

50,813

38,817

TOTAL ASSETS LESS CURRENT LIABILITIES

310,785

344,390

CREDITORS

Amounts falling due after more than one year

7

(147,622

)

(177,053

)

PROVISIONS FOR LIABILITIES

(49,263

)

(57,784

)

NET ASSETS

113,900

109,553

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

113,800

109,453

SHAREHOLDERS' FUNDS

113,900

109,553

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2018 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 19th December 2018 and were signed on its behalf by:

G S Nijjar - Director

1.	STATUTORY INFORMATION

A And K Lincs 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.

Fixtures and fittings

-

at varying rates 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.

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 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

Rentals paid under operating leases are charged to profit or loss 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 profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 51 (2017 - 51 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1st April 2017

559,103

Additions

1,675

At 31st March 2018

560,778

DEPRECIATION

At 1st April 2017

253,530

Charge for year

47,276

At 31st March 2018

300,806

NET BOOK VALUE

At 31st March 2018

259,972

At 31st March 2017

305,573

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

9,016

10,388

Other debtors

128,580

62,959

137,596

73,347

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Bank loans and overdrafts

27,943

26,574

Trade creditors

20,181

26,311

Taxation and social security

67,968

46,817

Other creditors

5,317

6,769

121,409

106,471

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2018

2017

£

£

Bank loans

147,622

177,053