A L Cox & Sons Limited - Abbreviated accounts 16.3

A L Cox & Sons Limited - Abbreviated accounts 16.3


05761439P G CoxR E CoxM G Cox1.6.1531.5.1631.5.16Company accountsPrivate Limited CompanyFYtruefalsetruefalsefalsetruefalseOrdinary1.00000iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure057614392015-05-31057614392016-05-31057614392015-06-012016-05-31057614392014-05-31057614392014-06-012015-05-31057614392015-05-3105761439ns12:England2015-06-012016-05-3105761439ns14:PoundSterling2015-06-012016-05-3105761439ns7:Director12015-06-012016-05-3105761439ns7:Director22015-06-012016-05-3105761439ns7:Director32015-06-012016-05-3105761439ns7:OrdinaryShareClass12015-06-012016-05-3105761439ns7:RegisteredOffice2015-06-012016-05-3105761439ns7:EntityAccountantsOrAuditors2015-06-012016-05-3105761439ns5:ImprovementsOrDevelopmentAssets2015-06-012016-05-3105761439ns5:PlantMachinery2015-06-012016-05-3105761439ns5:MotorVehicles2015-06-012016-05-3105761439ns5:ComputerEquipment2015-06-012016-05-3105761439ns7:OrdinaryShareClass12016-05-3105761439ns7:OrdinaryShareClass12015-05-3105761439ns7:Director12015-05-3105761439ns7:Director12014-05-3105761439ns7:Director12014-06-012015-05-3105761439ns7:Director12016-05-3105761439ns7:Director12015-05-3105761439ns7:Director22015-05-3105761439ns7:Director22014-05-3105761439ns7:Director22014-06-012015-05-3105761439ns7:Director22016-05-3105761439ns7:Director22015-05-3105761439ns7:Director32015-05-3105761439ns7:Director32014-05-3105761439ns7:Director32014-06-012015-05-3105761439ns7:Director32016-05-3105761439ns7:Director32015-05-31
REGISTERED NUMBER: 05761439(England and Wales)
















A L COX & SONS LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MAY 2016






A L COX & SONS LIMITED (REGISTERED NUMBER: 05761439)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MAY 2016




Page

Company Information 1

Abbreviated Balance Sheet 2 to 3

Notes to the Abbreviated Accounts 4 to 6

Chartered Accountants' Report 7

A L COX & SONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2016







DIRECTORS: P G Cox
R E Cox
M G Cox





REGISTERED OFFICE: 6 High Street
Metheringham
Lincoln
Lincolnshire
LN4 3EA





REGISTERED NUMBER: 05761439(England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
4 Henley Way
Doddington Road
Lincoln
Lincolnshire
LN6 3QR

A L COX & SONS LIMITED (REGISTERED NUMBER: 05761439)

ABBREVIATED BALANCE SHEET
31 MAY 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 425,000 450,000
Tangible assets 3 45,521 43,279
470,521 493,279

CURRENT ASSETS
Stocks 9,407 419,327
Debtors 1,382,774 1,099,645
Cash at bank and in hand 126,854 37
1,519,035 1,519,009
CREDITORS
Amounts falling due within one year 4 950,614 1,162,016
NET CURRENT ASSETS 568,421 356,993
TOTAL ASSETS LESS CURRENT LIABILITIES 1,038,942 850,272

CREDITORS
Amounts falling due after more than one
year

(8,679

)

-

PROVISIONS FOR LIABILITIES (6,340 ) (3,600 )
NET ASSETS 1,023,923 846,672

CAPITAL AND RESERVES
Called up share capital 5 100 100
Profit and loss account 1,023,823 846,572
SHAREHOLDERS' FUNDS 1,023,923 846,672

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2016 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.

A L COX & SONS LIMITED (REGISTERED NUMBER: 05761439)

ABBREVIATED BALANCE SHEET - continued
31 MAY 2016


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 Board of Directors on 20 December 2016and were signed on its behalf
by:




P G Cox - Director R E Cox - Director




M G Cox - Director


A L COX & SONS LIMITED (REGISTERED NUMBER: 05761439)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MAY 2016

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Improvements to property - Straight line over 10 years
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on 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.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the
period of the lease.

A L COX & SONS LIMITED (REGISTERED NUMBER: 05761439)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 MAY 2016

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 June 2015
and 31 May 2016 500,000
AMORTISATION
At 1 June 2015 50,000
Amortisation for year 25,000
At 31 May 2016 75,000
NET BOOK VALUE

At 31 May 2016 425,000
At 31 May 2015 450,000

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 June 2015 67,849
Additions 21,024
Disposals (10,350 )
At 31 May 2016 78,523
DEPRECIATION
At 1 June 2015 24,570
Charge for year 12,960
Eliminated on disposal (4,528 )
At 31 May 2016 33,002
NET BOOK VALUE
At 31 May 2016 45,521
At 31 May 2015 43,279

4. CREDITORS

Creditors include an amount of £ 0 (2015 - £ 101,717 ) for which security has been given.

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
100 Ordinary £1 100 100

A L COX & SONS LIMITED (REGISTERED NUMBER: 05761439)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 MAY 2016

6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 May 2016 and
31 May 2015:

2016 2015
£    £   
P G Cox
Balance outstanding at start of year (90,275 ) (85,584 )
Amounts advanced 158,615 46,982
Amounts repaid (58,173 ) (51,673 )
Balance outstanding at end of year 10,167 (90,275 )

R E Cox
Balance outstanding at start of year (92,321 ) (85,957 )
Amounts advanced 152,855 45,727
Amounts repaid (57,936 ) (52,091 )
Balance outstanding at end of year 2,598 (92,321 )

M G Cox
Balance outstanding at start of year (58,084 ) (52,957 )
Amounts advanced 275,190 46,965
Amounts repaid (57,936 ) (52,092 )
Balance outstanding at end of year 159,170 (58,084 )

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
A L COX & SONS LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual
unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to six) have
been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements of A L Cox & Sons Limited for the year ended 31 May 2016 which comprise the Profit and Loss
Account, the 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 A L Cox & 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 A L Cox & Sons Limited and state those matters that we have agreed to state to the Board of Directors of A L Cox & 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 A L Cox & Sons Limited Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that A L Cox & 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 A L Cox & Sons Limited. You consider that A L Cox & 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 A L Cox & 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.






Duncan & Toplis Limited
4 Henley Way
Doddington Road
Lincoln
Lincolnshire
LN6 3QR


20 December 2016