Alco Manufacturing Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 04938901

Abbreviated Unaudited Accounts

for the Year Ended 30 November 2016

for

Alco Manufacturing Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

DJ Allen

Mrs N Allen

SECRETARY:

DJ Allen

REGISTERED OFFICE:

Unit 2

Rossfield Road

Rossmore Industrial Estate

Ellesmere Port

CH65 3BS

REGISTERED NUMBER:

04938901

ACCOUNTANTS:

Hatcher Hughes Limited

Cassidy House

Station Road

Chester

Cheshire

CH1 3DW

FIXED ASSETS

Tangible assets

2

27,556

34,153

Investments

3

20,000

Investment property

4

382,101

270,814

429,657

324,967

CURRENT ASSETS

Stocks

6,000

Debtors

209,880

147,066

Cash at bank and in hand

700,238

758,496

916,118

911,562

CREDITORS

Amounts falling due within one year

279,883

289,336

NET CURRENT ASSETS

636,235

622,226

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,065,892

947,193

CAPITAL AND RESERVES

Called up share capital

5

3

Profit and loss account

1,065,889

947,190

SHAREHOLDERS' FUNDS

1,065,892

947,193

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

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 18 August 2017 and were signed on its behalf by:

DJ Allen - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention.

Financial reporting standard number 1

Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a

small company.

Turnover

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

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 etc

-

25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in

market value is transferred to a revaluation reserve.

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

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

period of the lease.

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

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2015

192,080

Additions

1,586

At 30 November 2016

193,666

DEPRECIATION

At 1 December 2015

157,927

Charge for year

8,183

At 30 November 2016

166,110

NET BOOK VALUE

At 30 November 2016

27,556

At 30 November 2015

34,153

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 December 2015

and 30 November 2016

20,000

NET BOOK VALUE

At 30 November 2016

20,000

At 30 November 2015

20,000

4.	INVESTMENT PROPERTY

Total

£

COST

At 1 December 2015

270,814

Additions

111,287

At 30 November 2016

382,101

NET BOOK VALUE

At 30 November 2016

382,101

At 30 November 2015

270,814

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.16

30.11.15

value:

£

2

Ordinary

£1

2

1

Ordinary B Shares

£1

1

3

6.	RELATED PARTY DISCLOSURES

During 2016 the company made sales of £31,134 ( 2015- £25,626) and incurred costs of £48,400

(2015-£46,191) in relation to DG Components Ltd, a company in which Mr Allen is a Director and Shareholder.

In 2015 the company purchased 50 % of the Share capital of D&S Cable Braiding Limited

Sales made to this company were £3,700 (2015 - £8,272) and purchases were nil ( 2015-£8,993).