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REGISTERED NUMBER: 07095455 (England and Wales)













Financial Statements

for the Year Ended 31 December 2017

for

A & A Arable Limited

A & A Arable Limited (Registered number: 07095455)






Contents of the Financial Statements
for the Year Ended 31 December 2017




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


A & A Arable Limited

Company Information
for the Year Ended 31 December 2017







DIRECTORS: Mr A J Wells
Mrs A M Wells





SECRETARY: Mr A J Wells





REGISTERED OFFICE: Hall Farm
Newton On Trent
LINCOLN
Lincolnshire
LN1 2LL





REGISTERED NUMBER: 07095455 (England and Wales)





ACCOUNTANTS: Nicholsons
Chartered Accountants
Newland House
The Point
Weaver Road
LINCOLN
Lincolnshire
LN6 3QN

A & A Arable Limited (Registered number: 07095455)

Abridged Balance Sheet
31 December 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,246 1,466

CURRENT ASSETS
Debtors 5 377,623 392,128
Cash at bank 728,364 570,071
1,105,987 962,199
CREDITORS
Amounts falling due within one year 120,828 101,705
NET CURRENT ASSETS 985,159 860,494
TOTAL ASSETS LESS CURRENT
LIABILITIES

986,405

861,960

PROVISIONS FOR LIABILITIES 237 293
NET ASSETS 986,168 861,667

CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings 986,068 861,567
SHAREHOLDERS' FUNDS 986,168 861,667

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

A & A Arable Limited (Registered number: 07095455)

Abridged Balance Sheet - continued
31 December 2017


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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2017 in accordance with Section 444(2A) of the Companies Act 2006.

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 21 September 2018 and
were signed on its behalf by:





Mr A J Wells - Director


A & A Arable Limited (Registered number: 07095455)

Notes to the Financial Statements
for the Year Ended 31 December 2017

1. STATUTORY INFORMATION

A & A Arable 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.

Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance

Financial instruments
Only basic financial instruments as defined in FRS 102 are held. Financial assets and
financial liabilities are recognised in the accounts only when the entity becomes party to the
contractual provisions of the instrument and their measurement basis is as follows:

Financial assets - trade and other debtors are basic financial instruments and are debt
instruments measured at amortised cost. Prepayments are not financial instruments.

Cash at bank is classified as a basic financial instrument and is measured at transaction
price.

Financial liabilities - trade creditors, accruals and other creditors are basic financial
instruments, and are measured at amortised cost. Where a financial liability constitutes a
financing transaction it is initially and subsequently measured at the present value of future
payments, discounted at a market rate of interest.

Deferred income is not deemed to be a financial liability, as the cash settlement has already
taken place and there is an obligation to deliver services rather than cash or another
financial instrument.


A & A Arable Limited (Registered number: 07095455)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2017

2. ACCOUNTING POLICIES - continued
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.

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 2 (2016 - 1 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2017
and 31 December 2017 3,097
DEPRECIATION
At 1 January 2017 1,631
Charge for year 220
At 31 December 2017 1,851
NET BOOK VALUE
At 31 December 2017 1,246
At 31 December 2016 1,466

A & A Arable Limited (Registered number: 07095455)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2017

5. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2017 2016
£    £   
Other debtors 305,000 305,000

6. CALLED UP SHARE CAPITAL


Allotted and issued:
Number: Class: Nominal 2017 2016
value: £    £   
100 Share capital 1 £1 100 100

7. RELATED PARTY DISCLOSURES

Other debtors falling due after more than one year consists of a loan to H C Grimes & Sons
Limited a company in which Mr A J and Mrs A M Wells are directors and Mrs A M Wells has
a controlling interest. Interest charged on this loan during the period amounted to £3,150.