REGISTERED NUMBER: 04565590 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 March 2016

for

A & S Milward Property Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

S Milward

SECRETARY:

REGISTERED OFFICE:

30 Market Place

Belper

Derbyshire

DE56 1FZ

REGISTERED NUMBER:

04565590 (England and Wales)

ACCOUNTANTS:

Hunter Jones Alton

36 Bridge Street

Belper

Derbyshire

DE56 1AX

FIXED ASSETS

Intangible assets

2

4,000

-

Tangible assets

3

451,476

443,720

455,476

443,720

CURRENT ASSETS

Stocks

46,286

-

Debtors

76,994

41,397

Cash at bank

686

126

123,966

41,523

CREDITORS

Amounts falling due within one year

490,502

308,132

NET CURRENT LIABILITIES

(366,536

)

(266,609

)

TOTAL ASSETS LESS CURRENT LIABILITIES

88,940

177,111

CREDITORS

Amounts falling due after more than one year

4

204,000

204,000

NET LIABILITIES

(115,060

)

(26,889

)

CAPITAL AND RESERVES

Called up share capital

5

2

2

Profit and loss account

(115,062

)

(26,891

)

SHAREHOLDERS' FUNDS

(115,060

)

(26,889

)

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.

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 10 February 2017 and were signed by:

S Milward - 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).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

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

Land and buildings

-

2% on cost

Plant and machinery etc

-

15% on reducing balance and 2% on cost

Stocks

Stocks and work in progress are 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.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

Additions

4,000

At 31 March 2016

4,000

NET BOOK VALUE

At 31 March 2016

4,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

537,584

Additions

10,160

At 31 March 2016

547,744

DEPRECIATION

At 1 April 2015

93,864

Charge for year

2,404

At 31 March 2016

96,268

NET BOOK VALUE

At 31 March 2016

451,476

At 31 March 2015

443,720

4.

CREDITORS

Creditors include an amount of £ 204,000 (31.3.15 - £ 204,000 ) for which security has been given.

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

31.3.16

31.3.15

£

£

Repayable by instalments

204,000

204,000

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

£

2

Ordinary

£1

2

2