Robert P.D. Frost & Co. Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 03493495 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 May 2017

for

Robert P.D. Frost & Co. Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr R P D Frost

Mrs M Frost

Mr C Drymonis

Ms W Drymoni

Mrs P M Hazelwood

SECRETARY:

Ms W Drymoni

REGISTERED OFFICE:

45 Burrowfield

Welwyn Garden City

Hertfordshire

AL7 4SS

REGISTERED NUMBER:

03493495 (England and Wales)

ACCOUNTANTS:

DSCO

The Old Boardroom

Collett Road

Ware

Hertfordshire

SG12 7LR

FIXED ASSETS

Tangible assets

4

30,860

39,175

CURRENT ASSETS

Stocks

41,349

69,329

Debtors

5

32,960

63,316

Cash at bank and in hand

159,223

176,196

233,532

308,841

CREDITORS

Amounts falling due within one year

6

47,539

63,858

NET CURRENT ASSETS

185,993

244,983

TOTAL ASSETS LESS CURRENT LIABILITIES

216,853

284,158

PROVISIONS FOR LIABILITIES

7

4,286

4,269

NET ASSETS

212,567

279,889

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

9

212,467

279,789

SHAREHOLDERS' FUNDS

212,567

279,889

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 29 November 2017 and were signed on its behalf by:

Mr C Drymonis - Director

1.	STATUTORY INFORMATION

Robert P.D. Frost & Co. 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

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

-

4% on cost

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

25% on cost

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance

for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in

bringing stocks to their present location and condition.

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 pension scheme. Contributions payable to the company's pension

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

Totals

£

£

£

£

COST

At 1 June 2016

12,741

269,251

44,144

326,136

Disposals

-

(4,429

)

(17,613

)

(22,042

)

At 31 May 2017

12,741

264,822

26,531

304,094

DEPRECIATION

At 1 June 2016

6,414

237,799

42,748

286,961

Charge for year

-

7,454

785

8,239

Eliminated on disposal

-

(4,265

)

(17,701

)

(21,966

)

At 31 May 2017

6,414

240,988

25,832

273,234

NET BOOK VALUE

At 31 May 2017

6,327

23,834

699

30,860

At 31 May 2016

6,327

31,452

1,396

39,175

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.17

31.5.16

£

£

Trade debtors

26,432

59,413

Other debtors

2,128

-

Prepayments

4,400

3,903

32,960

63,316

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.17

31.5.16

£

£

Trade creditors

12,274

18,136

Sales ledger credit balances

419

3,717

Tax

-

10,918

Social security and other taxes

6,181

5,778

Pension control

489

-

VAT

13,797

16,157

Other creditors

919

355

Directors' current accounts

109

-

Accrued expenses

13,351

8,797

47,539

63,858

7.	PROVISIONS FOR LIABILITIES

31.5.17

31.5.16

£

£

Deferred tax

4,286

4,269

Deferred

tax

£

Balance at 1 June 2016

4,269

Accelerated capital allowances

17

Balance at 31 May 2017

4,286

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.17

31.5.16

value:

£

£

35

Ordinary A

£1

35

35

35

Ordinary B

£1

35

35

10

Ordinary C

£1

10

10

10

Ordinary D

£1

10

10

10

Ordinary E

£1

10

10

100

100

9.

RESERVES

Retained

earnings

£

At 1 June 2016

279,789

Deficit for the year

(15,322

)

Dividends

(52,000

)

At 31 May 2017

212,467

10.	RELATED PARTY DISCLOSURES

During the year, total dividends of £52,000 (2016 - £33,052) were paid to the directors .

The company is controlled by its directors Mr R and Mrs M Frost who are married and Mr C Dymoni and Mrs

W Dymonis and Mrs P Hazelwood who are also members of the same family.