REGISTERED NUMBER: 05526156 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2017

FOR

A & D DRAIN SERVICES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D A Rodrigues

Mrs S J Rodrigues

REGISTERED OFFICE:

Unit C13 Redscar Industrial Estate

Longridge Road

Ribbleton, Preston

Lancashire

PR2 5NN

REGISTERED NUMBER:

05526156 (England and Wales)

ACCOUNTANTS:

Turner & Turner

Chartered Accountants

9 Victoria Rd

Fulwood

Preston

Lancashire

PR2 8ND

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

98,252

126,120

98,252

126,120

CURRENT ASSETS

Debtors

6

401,278

323,188

Cash at bank

119,848

216,359

521,126

539,547

CREDITORS

Amounts falling due within one year

7

261,890

210,599

NET CURRENT ASSETS

259,236

328,948

TOTAL ASSETS LESS CURRENT LIABILITIES

357,488

455,068

PROVISIONS FOR LIABILITIES

357,048

319,714

NET ASSETS

440

135,354

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

340

135,254

SHAREHOLDERS' FUNDS

440

135,354

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 Income Statement has not been delivered.

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

D A Rodrigues - Director

Mrs S J Rodrigues - Director

1.	STATUTORY INFORMATION

A & D Drain Services 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any

accumulated amortisation and any accumulated impairment losses.

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.

Improvements to property

-

15% on reducing balance

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

50% on reducing balance

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

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.

Provisions

Provisions are recognised when the Company has a present legal or constructive obligation arising as a result of a past

event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can

be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation

taking into account the risks and uncertainties surrounding the obligation.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 September 2016

and 31 August 2017

79,835

AMORTISATION

At 1 September 2016

and 31 August 2017

79,835

NET BOOK VALUE

At 31 August 2017

-

At 31 August 2016

-

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 September 2016

27,413

5,767

1,727

Additions

-

-

424

At 31 August 2017

27,413

5,767

2,151

DEPRECIATION

At 1 September 2016

10,267

2,552

596

Charge for year

2,572

643

323

At 31 August 2017

12,839

3,195

919

NET BOOK VALUE

At 31 August 2017

14,574

2,572

1,232

At 31 August 2016

17,146

3,215

1,131

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 September 2016

303,895

17,445

356,247

Additions

-

1,872

2,296

At 31 August 2017

303,895

19,317

358,543

DEPRECIATION

At 1 September 2016

199,277

17,435

230,127

Charge for year

26,155

471

30,164

At 31 August 2017

225,432

17,906

260,291

NET BOOK VALUE

At 31 August 2017

78,463

1,411

98,252

At 31 August 2016

104,618

10

126,120

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

Motor

vehicles

£

COST

At 1 September 2016

and 31 August 2017

155,000

DEPRECIATION

At 1 September 2016

89,609

Charge for year

16,348

At 31 August 2017

105,957

NET BOOK VALUE

At 31 August 2017

49,043

At 31 August 2016

65,391

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

331,924

286,736

Amounts owed by associates

63,892

-

Other debtors

5,462

36,452

401,278

323,188

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Hire purchase contracts

-

33,509

Trade creditors

120,317

82,314

Taxation and social security

95,765

86,062

Other creditors

45,808

8,714

261,890

210,599

8.	SECURED DEBTS

The following secured debts are included within creditors:

2017

2016

£

£

Hire purchase contracts

-

33,509

The hire purchase creditor is secured on the asset to which it relates.

9.	RELATED PARTY DISCLOSURES