REGISTERED NUMBER: 03889827 (England and Wales)

A & D WILKINS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2017

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

to

4

DIRECTOR:

D Wilkins

REGISTERED OFFICE:

3 Castlegate

Grantham

Lincolnshire

NG31 6SF

BUSINESS ADDRESS:

3 Laurel Way

Bottesford

Nottingham

Nottinghamshire

NG13 0FP

REGISTERED NUMBER:

03889827 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

3 Castlegate

Grantham

Lincolnshire

NG31 6SF

BANKERS:

Barclays Bank plc

33 - 35 High Street

Grantham

Lincolnshire

NG31 6PH

FIXED ASSETS

Tangible assets

4

95,448

98,150

CURRENT ASSETS

Debtors

5

2,490

2,696

CREDITORS

Amounts falling due within one year

6

230,549

223,973

NET CURRENT LIABILITIES

(228,059

)

(221,277

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(132,611

)

(123,127

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(132,711

)

(123,227

)

SHAREHOLDERS' FUNDS

(132,611

)

(123,127

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 29 January 2018 and were signed by:

D Wilkins - Director

1.	STATUTORY INFORMATION

A & D Wilkins 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

The financial statements for the year ended 30 April 2017 are the first financial statements of A & D Wilkins

Limited prepared in accordance with FRS 102.There were no adjustments required on transition to FRS 102.

Turnover

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

rebates, value added tax and other sales taxes.

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

-

20% on reducing balance

Motor vehicles

-

25% on cost

Computer equipment

-

33% on cost

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 statement of financial position date.

Deferred tax

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

statement of financial position 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2016 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 May 2016

327,244

3,830

9,584

340,658

Additions

21,381

-

-

21,381

At 30 April 2017

348,625

3,830

9,584

362,039

DEPRECIATION

At 1 May 2016

229,689

3,830

8,989

242,508

Charge for year

23,786

-

297

24,083

At 30 April 2017

253,475

3,830

9,286

266,591

NET BOOK VALUE

At 30 April 2017

95,150

-

298

95,448

At 30 April 2016

97,555

-

595

98,150

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

2,490

2,696

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Bank loans and overdrafts

3,748

3,561

Other taxes and social security

47

43

VAT

746

1,115

Other creditors

6,438

5,338

Other loans

14,688

14,688

Directors' loan accounts

200,999

194,818

Accruals and deferred income

3,883

4,410

230,549

223,973

7.	GOING CONCERN

The statement of financial position shows net liabilities of £132,611 (2016 £123,127) and net current liabilities

of £228,059 (2016 £221,277). The director has considered the position and has confirmed that he will continue

to support the company for the foreseeable future.