REGISTERED NUMBER: 04931075 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2017

for

A & C HAMILTON LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr A Hamilton

REGISTERED OFFICE:

946-950 Blackpool Road

Lea

Preston

Lancashire

PR2 1XN

REGISTERED NUMBER:

04931075 (England and Wales)

ACCOUNTANTS:

Abrams Ashton

Chartered Certified Accountants

41 St Thomas's Road

Chorley

Lancashire

PR7 1JE

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

21,321

26,167

21,321

26,167

CURRENT ASSETS

Stocks

246,239

229,391

Debtors

6

15,752

21,183

Cash at bank and in hand

121,796

140,734

383,787

391,308

CREDITORS

Amounts falling due within one year

7

61,579

80,514

NET CURRENT ASSETS

322,208

310,794

TOTAL ASSETS LESS CURRENT LIABILITIES

343,529

336,961

PROVISIONS FOR LIABILITIES

2,720

3,579

NET ASSETS

340,809

333,382

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

9

340,709

333,282

SHAREHOLDERS' FUNDS

340,809

333,382

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 18 October 2017 and were signed by:

Mr A Hamilton - Director

1.	STATUTORY INFORMATION

A & C Hamilton 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.

These financial statements for the year ended 31 March 2017 are the first financial statements that comply with

FRS 102 Section 1A for small entities. The date of transition is 1st April 2015. The transition to FRS 102

Section 1A for small entities has resulted in no changes in accounting policies and no reclassification

adjustments.

Turnover

Turnover is the value of goods and services, net of value added tax, provided to customers during the year.

Tangible fixed assets

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

Improvements to property

-

5% on cost

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% 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.

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.

Pension costs and other post-retirement benefits

The Company operates a defined contribution scheme, contributions are charged to the profit and loss account in

the period the contributions are payable.

The Company also makes contributions for certain employees to individual personal pension schemes.

Contributions are charged to the profit and loss account in the period to which they relate.

Cash and cash equivalents

Cash and cash equivalents includes cash in hand, deposits held with banks, and bank overdrafts. Bank

overdrafts, when applicable, are shown within borrowings in current liabilities.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2016

and 31 March 2017

103,000

AMORTISATION

At 1 April 2016

and 31 March 2017

103,000

NET BOOK VALUE

At 31 March 2017

-

At 31 March 2016

-

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

Motor

property

fittings

vehicles

Totals

£

£

£

£

COST

At 1 April 2016

11,028

16,511

21,215

48,754

Disposals

-

-

(7,565

)

(7,565

)

At 31 March 2017

11,028

16,511

13,650

41,189

DEPRECIATION

At 1 April 2016

2,755

12,473

7,359

22,587

Charge for year

551

676

3,413

4,640

Eliminated on disposal

-

-

(7,359

)

(7,359

)

At 31 March 2017

3,306

13,149

3,413

19,868

NET BOOK VALUE

At 31 March 2017

7,722

3,362

10,237

21,321

At 31 March 2016

8,273

4,038

13,856

26,167

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Trade debtors

15,167

11,015

Other debtors

-

9,613

Prepayments and accrued income

585

555

15,752

21,183

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Trade creditors

6,964

12,708

Tax

8,710

17,029

Social security and other taxes

9,902

14,559

Other creditors

20,343

17,573

Directors' loan accounts

12,560

15,656

Accruals and deferred income

3,100

2,989

61,579

80,514

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.17

31.3.16

value:

£

£

80

Ordinary 'A'

£1

80

80

10

Ordinary 'B' shares

£1

10

10

10

Ordinary 'C' shares

£1

10

10

100

100

All the shares rank pari passu except in respect of dividends where the amounts paid can be differentiated

between the classes of shares.

9.

RESERVES

Retained

earnings

£

At 1 April 2016

333,282

Profit for the year

31,427

Dividends

(24,000

)

At 31 March 2017

340,709

10.	RELATED PARTY DISCLOSURES

The Shop at 946-950 Blackpool Road, Lea, Preston has been let to the company at the cost of £24,000 per

annum (2016 - £24,000). This property is jointly held by the director.

11.	ULTIMATE CONTROLLING PARTY

The company was under the control of Mr A Hamilton, director and majority shareholder during the current and

previous year.