REGISTERED NUMBER: 05794192 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 August 2016

for

A & K Hire Limited

Page

Company Information

1

Chartered Accountants' Report

2

Abbreviated Balance Sheet

3

Notes to the Abbreviated Accounts

4

DIRECTOR:

Miss K L Fox

SECRETARY:

Miss K L Fox

REGISTERED OFFICE:

Caenby Hall

Caenby Corner

Market Rasen

Lincolnshire

LN8 2BU

REGISTERED NUMBER:

05794192 (England and Wales)

ACCOUNTANTS:

Wright Vigar Limited

Chartered Accountants & Business Advisers

15 Newland

Lincoln

Lincolnshire

LN1 1XG

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

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages three to four)

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 & K Hire Limited for the year ended 31 August 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of A & K Hire Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of A & K Hire Limited and state those matters that we have agreed to state to the director of A & K Hire Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than A & K Hire Limited director for our work or for this report.

It is your duty to ensure that A & K Hire 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 & K Hire Limited. You consider that A & K Hire 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 & K Hire 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.

Wright Vigar Limited

Chartered Accountants & Business Advisers

15 Newland

Lincoln

Lincolnshire

LN1 1XG

25 May 2017

FIXED ASSETS

Tangible assets

2

229,160

76,784

CURRENT ASSETS

Debtors

97,276

54,215

Cash at bank

17,702

66

114,978

54,281

CREDITORS

Amounts falling due within one year

366,942

161,742

NET CURRENT LIABILITIES

(251,964

)

(107,461

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(22,804

)

(30,677

)

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

(22,904

)

(30,777

)

SHAREHOLDERS' FUNDS

(22,804

)

(30,677

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 25 May 2017 and were signed by:

Miss K L Fox - 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.

Tangible fixed assets

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

Plant and machinery

-

25% - 33.3% Straight line

Deferred tax

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

balance sheet date where transactions or events that result in an obligation to pay more or less tax in the future

have occurred at the balance sheet date. Timing differences are differences between the company's taxable

profits and its results as stated in the financial statements that arise from the inclusion of gains and losses in tax

assessments in periods different from those in which they are recognised in the financial statements.

Going concern policy

At 31 August 2016 the current liabilities exceeded the current assets by £251,964 (2015: £107,461). Included

within creditors is a balance with Fox (Owmby) Limited totalling £359,757 (2015: £160,842). Given the close

relationship between A & K Hire Limited and Fox (Owmby) Limited, it is considered unlikely that this balance will

be demanded in the short term.

On the basis described above, the directors consider it appropriate to prepare these financial statements on the

going concern basis.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2015

510,080

Additions

223,665

Disposals

(36,096

)

At 31 August 2016

697,649

DEPRECIATION

At 1 September 2015

433,296

Charge for year

67,711

Eliminated on disposal

(32,518

)

At 31 August 2016

468,489

NET BOOK VALUE

At 31 August 2016

229,160

At 31 August 2015

76,784

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

100

Ordinary

£1

100

100