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REGISTERED NUMBER: 02894544 (England and Wales)















ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2016

FOR

A & K HOSIERY LTD

A & K HOSIERY LTD (REGISTERED NUMBER: 02894544)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

Chartered Certified Accountants' Report 6

A & K HOSIERY LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2016







DIRECTOR: Mr A V Morris





SECRETARY: Mrs K Morris





REGISTERED OFFICE: Valentine Trade Park
104 Gelderd Road
Leeds
LS12 6BY





REGISTERED NUMBER: 02894544 (England and Wales)





ACCOUNTANTS: G L Barker & Co LLP
Chartered Certified Accountants
49 Austhorpe Road
Cross Gates
Leeds
LS15 8BA

A & K HOSIERY LTD (REGISTERED NUMBER: 02894544)

ABBREVIATED BALANCE SHEET
31 MARCH 2016

31.3.16 31.3.15
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 1,476,447 1,476,566
Investment property 3 1,260,000 1,260,000
2,736,447 2,736,566

CURRENT ASSETS
Stocks 266,223 272,549
Debtors 29,368 9,371
Cash at bank and in hand 286,105 224,437
581,696 506,357
CREDITORS
Amounts falling due within one year 173,829 127,877
NET CURRENT ASSETS 407,867 378,480
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,144,314

3,115,046

CREDITORS
Amounts falling due after more than one
year

4

(490,975

)

(514,256

)

PROVISIONS FOR LIABILITIES (11,684 ) (13,464 )
NET ASSETS 2,641,655 2,587,326

CAPITAL AND RESERVES
Called up share capital 5 955 955
Revaluation reserve 261,415 261,415
Profit and loss account 2,379,285 2,324,956
SHAREHOLDERS' FUNDS 2,641,655 2,587,326

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 director acknowledges his 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 & K HOSIERY LTD (REGISTERED NUMBER: 02894544)

ABBREVIATED BALANCE SHEET - continued
31 MARCH 2016


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 director on 24 November 2016 and were signed by:





Mr A V Morris - Director


A & K HOSIERY LTD (REGISTERED NUMBER: 02894544)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016

1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention as modified by the revaluation
of certain assets 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, except in respect of service contracts
where turnover is recognised when the company obtains the right to consideration.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Improvements to property - 10% on reducing balance
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in
market value is transferred to a revaluation reserve.

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.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2015 1,576,773
Additions 17,303
At 31 March 2016 1,594,076
DEPRECIATION
At 1 April 2015 100,207
Charge for year 17,422
At 31 March 2016 117,629
NET BOOK VALUE
At 31 March 2016 1,476,447
At 31 March 2015 1,476,566

A & K HOSIERY LTD (REGISTERED NUMBER: 02894544)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 MARCH 2016

3. INVESTMENT PROPERTY
Total
£   
COST OR VALUATION
At 1 April 2015
and 31 March 2016 1,260,000
NET BOOK VALUE
At 31 March 2016 1,260,000
At 31 March 2015 1,260,000

4. CREDITORS

Creditors include the following debts falling due in more than five years:

31.3.16 31.3.15
£    £   
Repayable by instalments 398,975 426,256

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.16 31.3.15
value: £    £   
950 Ordinary £1 950 950
5 Ordinary B £1 5 5
955 955

6. RELATED PARTY DISCLOSURES

During the year, total dividends of £31,800 (2015 - £31,800) were paid to the director .

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
A & K HOSIERY LTD

The following reproduces the text of the report prepared for the director in respect of the company's annual
unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to five)
have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements of A & K Hosiery Ltd for the year ended 31 March 2016 which comprise the Profit and Loss
Account, the Balance Sheet, and the related notes from the company's accounting records and from information and
explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of A & K Hosiery Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of A & K Hosiery Ltd and state those matters that we have agreed to state to the director of A & K Hosiery Ltd in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that A & K Hosiery Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of A & K Hosiery Ltd. You consider that A & K Hosiery Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of A & K Hosiery Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






G L Barker & Co LLP
Chartered Certified Accountants
49 Austhorpe Road
Cross Gates
Leeds
LS15 8BA


24 November 2016