A A Frances & Sons Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 01875174 (England and Wales)

A A FRANCES & SONS LIMITED

Abbreviated Unaudited Accounts

for the Year Ended 30 June 2016

Page

Company Information

1

Chartered Certified Accountants' Report

2

Abbreviated Balance Sheet

3

to

4

Notes to the Abbreviated Accounts

5

to

6

DIRECTORS:

A H Crompton

F M Crompton

A A Crompton

SECRETARY:

F M Crompton

REGISTERED OFFICE:

93d Heming Road

Washford Industrial Estate

REDDITCH

Worcestershire

B98 0EA

REGISTERED NUMBER:

01875174 (England and Wales)

ACCOUNTANTS:

Haines Watts Worcester Limited

Chartered Certified Accountants

Britannia Court

5 Moor Street

WORCESTER

WR1 3DB

The following reproduces the text of the report prepared for the directors in respect of the company's

annual unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages

three to six) 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 A Frances & Sons Limited for the year ended 30 June 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 Board of Directors of A A Frances & Sons Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of A A Frances & Sons Limited and state those matters that we have agreed to state to the Board of Directors of A A Frances & Sons Limited, as a body, 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 Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that A A Frances & Sons Limited 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 A Frances & Sons Limited. You consider that A A Frances & Sons Limited 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 A Frances & Sons Limited. 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.

Haines Watts Worcester Limited

Chartered Certified Accountants

Britannia Court

5 Moor Street

WORCESTER

WR1 3DB

7 November 2016

FIXED ASSETS

Tangible assets

2

63,387

64,270

CURRENT ASSETS

Stock

21,001

1,500

Debtors

210,602

71,440

Cash at bank and in hand

178,176

88,989

409,779

161,929

CREDITORS

Amounts falling due within one year

270,708

127,614

NET CURRENT ASSETS

139,071

34,315

TOTAL ASSETS LESS CURRENT
LIABILITIES

202,458

98,585

PROVISIONS FOR LIABILITIES

9,630

8,770

NET ASSETS

192,828

89,815

CAPITAL AND RESERVES

Called up share capital

3

102

Profit and loss account

192,726

89,713

SHAREHOLDERS' FUNDS

192,828

89,815

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 7 November 2016 and were signed on its
behalf by:

A A Crompton - 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. Turnover is

recognised when the goods and service are delivered to the customer.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Short leasehold

-

Straight line over the life of the lease

Tools and equipment

-

20% on reducing balance

Motor vehicles

-

25% on cost

Computer equipment

-

33% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

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 the profit and loss account in the period to which they relate.

Stocks and service contracts

Stock is valued at the lower of cost and net realisable value, after making due allowance for obsolete

and slow moving items.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Service contracts are accounted for under the stage of completion method and included at the contract

value.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2015

174,132

Additions

18,502

Disposals

(23,796

)

At 30 June 2016

168,838

DEPRECIATION

At 1 July 2015

106,363

Charge for year

22,883

Eliminated on disposal

(23,795

)

At 30 June 2016

105,451

NET BOOK VALUE

At 30 June 2016

63,387

At 30 June 2015

67,769

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.16

30.6.15

value:

£

100

Ordinary "A"

£1

100

2

Ordinary "B"

£1

2

102

4.	CONTROLLING INTEREST

The Controlling party is Mr AA Frances, holding 60% of the shares.