REGISTERED NUMBER: 04162579 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2016

FOR

A & S TRADING LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Report of the Accountants

6

DIRECTOR:

Mrs A Benn

SECRETARY:

REGISTERED OFFICE:

40 Montpelier

Weston-super-Mare

North Somerset

BS2 2RN

REGISTERED NUMBER:

04162579 (England and Wales)

ACCOUNTANTS:

J J Bright ACMA

Crabtree Farm

Tweed Rd

CLEVEDON

Somerset

BS21 6RR

FIXED ASSETS

Intangible assets

2

20,625

28,125

Tangible assets

3

6,763

7,498

27,388

35,623

CURRENT ASSETS

Stocks

29,000

29,000

Debtors

309

252

Cash at bank and in hand

848

4,250

30,157

33,502

CREDITORS

Amounts falling due within one year

47,994

53,912

NET CURRENT LIABILITIES

(17,837

)

(20,410

)

TOTAL ASSETS LESS CURRENT LIABILITIES

9,551

15,213

CREDITORS

Amounts falling due after more than one year

58,000

75,000

NET LIABILITIES

(48,449

)

(59,787

)

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

(48,549

)

(59,887

)

SHAREHOLDERS' FUNDS

(48,449

)

(59,787

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 26 February 2017 and were signed by:

Mrs A Benn - 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.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

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

Going concern

The financial statements have been prepared on a going concern basis. The director is constantly reviewing the

financial position of the company and continues to provide financial support when necessary.

Goodwill

Positive goodwill is capitalised, classed as an asset on the balance sheet and has been amortised on a straight

line basis over its economic life estimated to up to a maximum of 20 years.

Following a review, it would be prudent to accelerate the rate of amortisation, and a charge of £7,500 has been

made in the 2016 accounts.

Operating leases

Rentals payable under operating leases are charged to the profit and loss account on a straight line basis over the

lease term.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2015

and 30 September 2016

75,000

AMORTISATION

At 1 October 2015

46,875

Amortisation for year

7,500

At 30 September 2016

54,375

NET BOOK VALUE

At 30 September 2016

20,625

At 30 September 2015

28,125

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2015

62,270

Additions

703

At 30 September 2016

62,973

DEPRECIATION

At 1 October 2015

54,772

Charge for year

1,438

At 30 September 2016

56,210

NET BOOK VALUE

At 30 September 2016

6,763

At 30 September 2015

7,498

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

100

Ordinary - allotted,

called u

£1

100

100

5.	AMORTISATION / DEPRECIATION

Amortisation is provided on intangible fixed assets so as to write off the cost, less any residual value, over their

expected useful economic life as follows:

ASSET CLASS AMORTISATION METHOD AND RATE

Goodwill 5% straight line

DEPRECIATION

Depreciation is provided on tangible assets so as to write off the cost or valuation, less any estimated residual

value, over their expected useful economic life as follows:

ASSET CLASS DEPRECIATION RATE

Plant and Machinery 15% reducing balance

Motor Vehicles 25% reducing balance

Leasehold improvements Over remaining life of the lease

6.

CONTROL

The company is controlled by the director who owns 100% of the called up share capital.

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 two to five)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

accounts of A & S Trading Ltd for the year ended 30 September 2016 set out on pages 2 to 11 from the company's

accounting records and from information and explanations have given us. As a practising member of the Chartered

Institute of Management Accountants, I am subject to its ethical and other professional requirements.

This report is made solely to the Board of Directors of A & S Trading Ltd, as a body, in accordance with the terms of

my engagement letter. My work has been undertaken solely to prepare for your approval the accounts of A & S Trading

Ltd. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than A & S

Trading Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that A & S Trading Limited has kept adequate accounting records and to prepare statutory

accounts that give a true and fair view of the assets, liabilities, financial position and loss of A & S Trading Ltd. You

consider that A & S trading 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 Accounts of A & S Trading 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 accounts.

J J Bright ACMA

Crabtree Farm

Tweed Rd

CLEVEDON

Somerset

BS21 6RR

27 February 2017