REGISTERED NUMBER: 04255459 (England and Wales)

A & N Sampson Limited

Financial Statements

for the Year Ended 31st July 2017

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTORS:

A R Sampson

Mrs N Sampson

SECRETARY:

Mrs N Sampson

REGISTERED OFFICE:

38 Dollar Street

Cirencester

Gloucestershire

GL7 2AN

REGISTERED NUMBER:

04255459 (England and Wales)

FIXED ASSETS

Tangible assets

4

38,092

45,104

CURRENT ASSETS

Stocks

2,000

839,807

Debtors

5

55,868

77,376

Cash at bank

31,831

34

89,699

917,217

CREDITORS

Amounts falling due within one year

6

92,177

903,260

NET CURRENT (LIABILITIES)/ASSETS

(2,478

)

13,957

TOTAL ASSETS LESS CURRENT LIABILITIES

35,614

59,061

CREDITORS

Amounts falling due after more than one year

7

(15,540

)

(25,813

)

PROVISIONS FOR LIABILITIES

(7,237

)

(9,021

)

NET ASSETS

12,837

24,227

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

12,737

24,127

SHAREHOLDERS' FUNDS

12,837

24,227

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors on 30th April 2018 and were signed on its behalf by:

A R Sampson - Director

1.	STATUTORY INFORMATION

A & N Sampson 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 represents the total invoice value, excluding value added tax, of sales made and services provided

during the year.

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

-

15% on reducing balance

Fixtures, fittings and equipment.

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

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 Profit and Loss Account,

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

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.

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 5 .

4.	TANGIBLE FIXED ASSETS

Fixtures,

fittings

Plant and

and

Motor

machinery

equipment.

vehicles

Totals

£

£

£

£

COST

At 1st August 2016

29,504

8,155

44,502

82,161

Additions

3,284

125

-

3,409

At 31st July 2017

32,788

8,280

44,502

85,570

DEPRECIATION

At 1st August 2016

14,270

7,700

15,087

37,057

Charge for year

2,778

289

7,354

10,421

At 31st July 2017

17,048

7,989

22,441

47,478

NET BOOK VALUE

At 31st July 2017

15,740

291

22,061

38,092

At 31st July 2016

15,234

455

29,415

45,104

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1st August 2016

15,357

44,502

59,859

Transfer to ownership

(6,785

)

-

(6,785

)

At 31st July 2017

8,572

44,502

53,074

DEPRECIATION

At 1st August 2016

5,622

15,087

20,709

Charge for year

929

7,354

8,283

Transfer to ownership

(3,243

)

-

(3,243

)

At 31st July 2017

3,308

22,441

25,749

NET BOOK VALUE

At 31st July 2017

5,264

22,061

27,325

At 31st July 2016

9,735

29,415

39,150

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

45,811

10,814

Other debtors

10,057

66,562

55,868

77,376

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Bank loans and overdrafts

-

439,609

Hire purchase contracts

10,273

9,807

Trade creditors

14,000

66,673

Taxation and social security

15,166

6,451

Other creditors

52,738

380,720

92,177

903,260

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Hire purchase contracts

15,540

25,813

8.	SECURED DEBTS

The following secured debts are included within creditors:

2017

2016

£

£

Bank overdraft

-

8,885

Bank loans

-

430,724

-

439,609