REGISTERED NUMBER: 05946256 (England and Wales)

Unaudited Financial Statements for the Year Ended 28 February 2017

for

A & S Plant Services Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M Speight

REGISTERED OFFICE:

11 Winterbourne Avenue

Churwell

Leeds

West Yorkshire

LS27 9JN

REGISTERED NUMBER:

05946256 (England and Wales)

ACCOUNTANTS:

Frank W Dobby & Co Limited

Chartered Certified Accountants

55 Fountain Street

Morley

Leeds

West Yorkshire

LS27 0AA

FIXED ASSETS

Tangible assets

4

86,974

63,010

CURRENT ASSETS

Debtors

5

92,671

110,089

Cash at bank and in hand

650

4,006

93,321

114,095

CREDITORS

Amounts falling due within one year

6

96,520

92,979

NET CURRENT (LIABILITIES)/ASSETS

(3,199

)

21,116

TOTAL ASSETS LESS CURRENT LIABILITIES

83,775

84,126

CREDITORS

Amounts falling due after more than one year

7

-

(16,292

)

PROVISIONS FOR LIABILITIES

(18,840

)

(12,602

)

NET ASSETS

64,935

55,232

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

64,933

55,230

SHAREHOLDERS' FUNDS

64,935

55,232

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2017 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.

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 director on 30 November 2017 and were signed by:

M Speight - Director

1.	STATUTORY INFORMATION

A & S Plant 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.

This is the first year of adoption of FRS 102.

The financial statements are presented in Sterling (£)

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Revenue from the sale of goods is recognised when goods are delivered and legal title passes.

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

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and

accumulated impairment losses.

At each balance sheet date the company reviews the carrying amount of its tangible fixed assets to determine

whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the

recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2016 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 March 2016

19,396

103,450

2,719

125,565

Additions

43,516

20,000

1,033

64,549

Disposals

(10,000

)

(29,950

)

-

(39,950

)

At 28 February 2017

52,912

93,500

3,752

150,164

DEPRECIATION

At 1 March 2016

4,997

55,748

1,810

62,555

Charge for year

7,412

14,556

641

22,609

Eliminated on disposal

(1,500

)

(20,474

)

-

(21,974

)

At 28 February 2017

10,909

49,830

2,451

63,190

NET BOOK VALUE

At 28 February 2017

42,003

43,670

1,301

86,974

At 29 February 2016

14,399

47,702

909

63,010

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

Motor

vehicles

£

COST

At 1 March 2016

96,450

Disposals

(29,950

)

At 28 February 2017

66,500

DEPRECIATION

At 1 March 2016

52,685

Charge for year

8,572

Eliminated on disposal

(20,474

)

At 28 February 2017

40,783

NET BOOK VALUE

At 28 February 2017

25,717

At 29 February 2016

43,765

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.17

29.2.16

£

£

Trade debtors

53,527

95,287

Other debtors

3,977

4,004

Directors' current accounts

9,493

-

Accrued income

14,400

-

Prepayments

11,274

10,798

92,671

110,089

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.17

29.2.16

£

£

Bank loans and overdrafts

13,090

-

Hire purchase contracts

11,292

20,500

Trade creditors

17,020

20,424

Amounts owed to associates

16,633

-

Tax

4,605

18,408

Social security and other taxes

6,866

5,363

VAT

14,136

19,633

Finance loans

6,374

6,647

Directors' current accounts

-

487

Deferred income

3,267

-

Accrued expenses

3,237

1,517

96,520

92,979

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28.2.17

29.2.16

£

£

Hire purchase contracts

-

16,292

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2017 and

29 February 2016:

28.2.17

29.2.16

£

£

M Speight

Balance outstanding at start of year

(487

)

8,107

Amounts advanced

50,600

44,858

Amounts repaid

(40,620

)

(53,452

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

9,493

(487

)

9.	RELATED PARTY DISCLOSURES

During the year, total dividends of £25,000 (2016 - £29,000) were paid to the director .

10.	FIRST YEAR ADOPTION

The financial statements for the year ended 28 February 2017 are the first for A & S Plant Services Limited

prepared in accordance with FRS 102, the reporting standard applicable in the UK and Republic of Ireland. The

date of transition to FRS 102 was 1 March 2016. The reported financial position and financial performance of

the previous period are not affected by the transition to FRS 102.