REGISTERED NUMBER: 06594532 (England and Wales)

ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2016

FOR

A & F NEWSAGENTS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

A A Patel

REGISTERED OFFICE:

31-33 King Street West

Manchester

M3 2PW

REGISTERED NUMBER:

06594532 (England and Wales)

ACCOUNTANTS:

P B Syddall & Co

Chartered Accountants

Grafton House

81 Chorley Old Road

Bolton

Lancashire

BL1 3AJ

FIXED ASSETS

Intangible assets

2

18,000

27,000

Tangible assets

3

7,000

8,500

25,000

35,500

CURRENT ASSETS

Stocks

44,108

33,403

Debtors

3,435

3,435

Cash in hand

43,472

41,854

91,015

78,692

CREDITORS

Amounts falling due within one year

167,820

188,306

NET CURRENT LIABILITIES

(76,805

)

(109,614

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(51,805

)

(74,114

)

PROVISIONS FOR LIABILITIES

-

120

NET LIABILITIES

(51,805

)

(74,234

)

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

(51,905

)

(74,334

)

SHAREHOLDERS' FUNDS

(51,805

)

(74,234

)

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 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 29 March 2017 and were signed by:

A A Patel - 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 0, is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets

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

Fixtures and fittings

-

15% 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.

Deferred tax

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

date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2015

and 30 June 2016

90,000

AMORTISATION

At 1 July 2015

63,000

Amortisation for year

9,000

At 30 June 2016

72,000

NET BOOK VALUE

At 30 June 2016

18,000

At 30 June 2015

27,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2015

and 30 June 2016

37,749

DEPRECIATION

At 1 July 2015

29,249

Charge for year

1,500

At 30 June 2016

30,749

NET BOOK VALUE

At 30 June 2016

7,000

At 30 June 2015

8,500

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

100

Ordinary

£1

100

100