R.w.stokes & Sons,limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 00331254 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2017

for

R.w.stokes & Sons,limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Chartered Accountants' Report

5

DIRECTORS:

A Peel

Mrs A E Peel

N W Peel

SECRETARY:

A Peel

REGISTERED OFFICE:

The Lawn

Suite 1

Union Road

Lincoln

Lincolnshire

LN1 3BU

REGISTERED NUMBER:

00331254 (England and Wales)

ACCOUNTANTS:

Wright Vigar Limited

Chartered Accountants & Business Advisers

Britannia House

Marshall's Yard

Gainsborough

Lincolnshire

DN21 2NA

FIXED ASSETS

Tangible assets

4

900,235

298,838

CURRENT ASSETS

Stocks

93,288

87,138

Debtors

5

408,276

187,273

Cash at bank and in hand

45,917

475,382

547,481

749,793

CREDITORS

Amounts falling due within one year

6

217,015

264,077

NET CURRENT ASSETS

330,466

485,716

TOTAL ASSETS LESS CURRENT LIABILITIES

1,230,701

784,554

PROVISIONS FOR LIABILITIES

61,004

25,722

NET ASSETS

1,169,697

758,832

CAPITAL AND RESERVES

Called up share capital

7

4,000

4,000

Retained earnings

1,165,697

754,832

SHAREHOLDERS' FUNDS

1,169,697

758,832

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 directors acknowledge their 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 Board of Directors on 19 December 2017 and were signed on its behalf by:

N W Peel - Director

1.	STATUTORY INFORMATION

R.w.stokes & Sons,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.

Tangible fixed assets

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

life:

Freehold property

- 2% on cost

Leasehold property

- 2% on cost

Fixtures and fittings

- 20% reducing balance

Motor vehicles

- 20% 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 payable to the company pension scheme

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

Government grants

The government grant acquired in 2017 is dependent on the creation of 16.5 new jobs and is being released to

the profit and loss account based upon the number of additional employees hired during the year.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 66 .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Short

and

Motor

property

leasehold

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 April 2016

202,690

34,600

424,625

42,330

704,245

Additions

742,940

-

5,043

18,500

766,483

Disposals

(151,026

)

-

-

-

(151,026

)

At 31 March 2017

794,604

34,600

429,668

60,830

1,319,702

DEPRECIATION

At 1 April 2016

63,128

15,551

306,991

19,737

405,407

Charge for year

12,191

442

24,066

6,052

42,751

Eliminated on disposal

(28,691

)

-

-

-

(28,691

)

At 31 March 2017

46,628

15,993

331,057

25,789

419,467

NET BOOK VALUE

At 31 March 2017

747,976

18,607

98,611

35,041

900,235

At 31 March 2016

139,562

19,049

117,634

22,593

298,838

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

142,367

121,592

Other debtors

265,909

65,681

408,276

187,273

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

33,653

76,523

Taxation and social security

32,651

121,319

Other creditors

150,711

66,235

217,015

264,077

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

4,000

Ordinary

£1

4,000

4,000

8.	CAPITAL COMMITMENTS

There is a commitment in respect of the redevelopment of The Lawns car park which has not been provided for

in these accounts and is expected to cost £250,000.

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to

file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements

and the Report of the Directors are not required to be filed with the Registrar of Companies.

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

financial statements of R.w.stokes & Sons,limited for the year ended 31 March 2017 which comprise the Income

Statement, Balance Sheet and the related notes from the company's accounting records and from information and

explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of R.w.stokes & Sons,limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of R.w.stokes & Sons,limited and state those matters that we have agreed to state to the Board of Directors of R.w.stokes & Sons,limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than R.w.stokes & Sons,limited Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that R.w.stokes & Sons,limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of R.w.stokes & Sons,limited. You consider that R.w.stokes & Sons,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 financial statements of R.w.stokes & Sons,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 financial statements.

Wright Vigar Limited

Chartered Accountants & Business Advisers

Britannia House

Marshall's Yard

Gainsborough

Lincolnshire

DN21 2NA

19 December 2017