A & C Aggregates Limited - Limited company - abbreviated - 11.6

A & C Aggregates Limited - Limited company - abbreviated - 11.6

A & C AGGREGATES LIMITED - Company Information

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REGISTERED NUMBER: 04620255


















A & C AGGREGATES LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2014





Llewelyn Davies
Chartered Accountants
Yelverton House
St John Street
Whitland
Carmarthenshire
SA34 0AW








A & C AGGREGATES LIMITED (REGISTERED NUMBER: 04620255)

CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2014










Page

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2

A & C AGGREGATES LIMITED (REGISTERED NUMBER: 04620255)

ABBREVIATED BALANCE SHEET
31 AUGUST 2014

2014 2013
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 159,845 168,898

CURRENT ASSETS
Stocks 128,634 93,972
Debtors 38,040 73,848
Cash at bank and in hand 4,269 27,472
170,943 195,292
CREDITORS
Amounts falling due within one year 3 128,671 122,577
NET CURRENT ASSETS 42,272 72,715
TOTAL ASSETS LESS CURRENT
LIABILITIES
202,117
241,613

CREDITORS
Amounts falling due after more than
one year
3
(16,988		 )
(5,597		 )

PROVISIONS FOR LIABILITIES (8,424 ) (7,421 )
NET ASSETS 176,705 228,595

CAPITAL AND RESERVES
Called up share capital 4 1 1
Profit and loss account 176,704 228,594
SHAREHOLDERS' FUNDS 176,705 228,595

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2014 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 10 February 2015 and were signed by:



Mrs J Harries - Director


The notes form part of these abbreviated accounts

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A & C AGGREGATES LIMITED (REGISTERED NUMBER: 04620255)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2014


1. ACCOUNTING POLICIES

Basis of preparing the financial statements
Given the current trading performance of the company and the projected revenue earnings, the
director is confident that the accounts can be prepared on a going concern basis.

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 April 2008).

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets
Depreciation has been computed to write off the cost of tangible fixed assets over their expected
useful lives using the following rates:

Plant and machinery - 25% per annum of written down value / 20% per annum of cost.

Fixtures and fittings - 25% per annum of written down value

Motor vehicles - 25% per annum of written down value / 25% of per annum of cost.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance
sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives.
Those held under finance leases are depreciated over their estimated useful lives or the lease
term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the
relevant period. The capital element of the future payments is treated as a liability.

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A & C AGGREGATES LIMITED (REGISTERED NUMBER: 04620255)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 AUGUST 2014


2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 September 2013 444,122
Additions 53,318
Disposals (77,167 )
At 31 August 2014 420,273
DEPRECIATION
At 1 September 2013 275,224
Charge for year 40,691
Eliminated on disposal (55,487 )
At 31 August 2014 260,428
NET BOOK VALUE
At 31 August 2014 159,845
At 31 August 2013 168,898

3. CREDITORS

Creditors include an amount of £ 44,337 (2013 - £ 45,499 ) for which security has been given.

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2014 2013
value: £    £   
1 Ordinary £1 1 1

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