A France Ind Roof & Wall Cladding Ltd - Accounts to registrar - small 17.2

REGISTERED NUMBER: 06968224 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2016

for

A France Industrial Roofing

& Wall Cladding Limited

Page

Company Information

1

Statement of Financial Position

2

to

3

Notes to the Financial Statements

4

to

7

DIRECTOR:

Mr A France

REGISTERED OFFICE:

Unit 2 Rotherham Close Industrial Estate

Norwood

Killamarsh

Derbyshire

S31 8JU

REGISTERED NUMBER:

06968224 (England and Wales)

ACCOUNTANTS:

Harris & Co Limited

Chartered Accountants

Marland House

13 Huddersfield Road

Barnsley

South Yorkshire

S70 2LW

FIXED ASSETS

Intangible assets

4

45,000

55,000

Tangible assets

5

23,266

12,274

68,266

67,274

CURRENT ASSETS

Stocks

11,130

20,352

Debtors

6

104,182

67,385

Prepayments and accrued income

-

691

Cash at bank

110,277

8,407

225,589

96,835

CREDITORS

Amounts falling due within one year

7

247,819

175,130

NET CURRENT LIABILITIES

(22,230

)

(78,295

)

TOTAL ASSETS LESS CURRENT LIABILITIES

46,036

(11,021

)

PROVISIONS FOR LIABILITIES

(4,326

)

(2,455

)

ACCRUALS AND DEFERRED INCOME

(1,000

)

(2,501

)

NET ASSETS/(LIABILITIES)

40,710

(15,977

)

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

40,610

(16,077

)

SHAREHOLDERS' FUNDS

40,710

(15,977

)

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

The members have not required the Company to obtain an audit of its financial statements for the year ended 31 December 2016 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director on 27 September 2017 and were signed by:

Mr A France - Director

1.	STATUTORY INFORMATION

A France Industrial Roofing & Wall Cladding 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 and functional 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.

Significant judgements and estimates

The principal accounting policies and significant judgements and estimates applied in the preparation

of these financial statements are set out below. These policies, judgements and estimates have been

consistently applied to all years presented unless otherwise stated.

Turnover

Turnover represents amounts earned on goods and services provided during the year falling within the

company's ordinary activities.

In respect of long-term contracts and contracts for on-going services, turnover represents the value of

work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term

contracts and contracts for on-going services is recognised by reference to the stage of completion.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured

at cost less any accumulated amortisation and any accumulated impairment losses.

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

-

20% on reducing balance

Motor vehicles

-

25% on cost

All fixed assets are initially recorded at cost.

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 Profit and Loss

Account, 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.

Long term contracts

Amounts recoverable on long term contracts, which are included in debtors are stated at the net sales

value of the work done after provisions for contingencies and anticipated future losses on contracts,

less amounts received as progress payments on account. Excess progress payments are included in

creditors as payments received on account.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2015 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2016

and 31 December 2016

100,000

AMORTISATION

At 1 January 2016

45,000

Amortisation for year

10,000

At 31 December 2016

55,000

NET BOOK VALUE

At 31 December 2016

45,000

At 31 December 2015

55,000

5.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 January 2016

22,893

30,257

53,150

Additions

758

19,611

20,369

At 31 December 2016

23,651

49,868

73,519

DEPRECIATION

At 1 January 2016

12,954

27,922

40,876

Charge for year

2,139

7,238

9,377

At 31 December 2016

15,093

35,160

50,253

NET BOOK VALUE

At 31 December 2016

8,558

14,708

23,266

At 31 December 2015

9,939

2,335

12,274

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Trade debtors

96,000

30,509

Other debtors

8,182

36,876

104,182

67,385

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Trade creditors

182,705

154,627

Taxation and social security

56,552

18,903

Other creditors

8,562

1,600

247,819

175,130

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

100

Ordinary

£1

100

100

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2016

and 31 December 2015:

2016

2015

£

£

Mr A France

Balance outstanding at start of year

28,694

32,207

Amounts advanced

28,124

-

Amounts repaid

(43,332

)

(3,513

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

13,486

28,694

Loan interest is accrued at an annual rate of 3%.

10.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr A France.

11.	FIRST YEAR ADOPTION

This is the first year in which the financial statements have been prepared under FRS102 Section 1A

as the entity transitioned from UK GAAP to FRS102 as at 1 January 2015. There have been no

transitioning adjustments made to the financial statements in respect of the transition to FRS102.