A L Cox & Sons Limited - Accounts to registrar - small 17.2

A L Cox & Sons Limited - Accounts to registrar - small 17.2


IRIS Accounts Productionv17.2.1.5205761439P G CoxBoard of DirectorsR E CoxBoard of DirectorsM G CoxBoard of Directors1.6.1631.5.1731.5.17falsetruefalsefalsefalsetruefalseOrdinary1.00000iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure057614392016-05-31057614392017-05-31057614392016-06-012017-05-31057614392015-05-31057614392015-06-012016-05-31057614392016-05-3105761439ns15:EnglandWales2016-06-012017-05-3105761439ns14:PoundSterling2016-06-012017-05-3105761439ns10:Director12016-06-012017-05-3105761439ns10:Director22016-06-012017-05-3105761439ns10:Director32016-06-012017-05-3105761439ns10:PrivateLimitedCompanyLtd2016-06-012017-05-3105761439ns10:SmallEntities2016-06-012017-05-3105761439ns10:AuditExempt-NoAccountantsReport2016-06-012017-05-3105761439ns10:SmallCompaniesRegimeForDirectorsReport2016-06-012017-05-3105761439ns10:SmallCompaniesRegimeForAccounts2016-06-012017-05-3105761439ns10:FullAccounts2016-06-012017-05-310576143912016-06-012017-05-3105761439ns10:OrdinaryShareClass12016-06-012017-05-3105761439ns10:RegisteredOffice2016-06-012017-05-3105761439ns5:CurrentFinancialInstruments2017-05-3105761439ns5:CurrentFinancialInstruments2016-05-3105761439ns5:Non-currentFinancialInstruments2017-05-3105761439ns5:Non-currentFinancialInstruments2016-05-3105761439ns5:ShareCapital2017-05-3105761439ns5:ShareCapital2016-05-3105761439ns5:RetainedEarningsAccumulatedLosses2017-05-3105761439ns5:RetainedEarningsAccumulatedLosses2016-05-3105761439ns5:NetGoodwill2016-06-012017-05-3105761439ns5:IntangibleAssetsOtherThanGoodwill2016-06-012017-05-3105761439ns5:PlantMachinery2016-06-012017-05-3105761439ns5:NetGoodwill2016-05-3105761439ns5:NetGoodwill2017-05-3105761439ns5:NetGoodwill2016-05-3105761439ns5:PlantMachinery2016-05-3105761439ns5:PlantMachinery2017-05-3105761439ns5:PlantMachinery2016-05-3105761439ns5:CurrentFinancialInstrumentsns5:WithinOneYear2017-05-3105761439ns5:CurrentFinancialInstrumentsns5:WithinOneYear2016-05-3105761439ns5:CurrentFinancialInstrumentsns5:HirePurchaseContractsns5:WithinOneYear2017-05-3105761439ns5:CurrentFinancialInstrumentsns5:HirePurchaseContractsns5:WithinOneYear2016-05-3105761439ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2017-05-3105761439ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2016-05-3105761439ns5:HirePurchaseContracts2017-05-3105761439ns5:HirePurchaseContracts2016-05-3105761439ns5:WithinOneYear2017-05-3105761439ns5:WithinOneYear2016-05-3105761439ns5:BetweenOneFiveYears2017-05-3105761439ns5:BetweenOneFiveYears2016-05-3105761439ns5:AllPeriods2017-05-3105761439ns5:AllPeriods2016-05-3105761439ns10:OrdinaryShareClass12017-05-3105761439ns10:Director112016-05-3105761439ns10:Director112015-05-3105761439ns10:Director112016-06-012017-05-3105761439ns10:Director112015-06-012016-05-3105761439ns10:Director112017-05-3105761439ns10:Director112016-05-3105761439ns10:Director222016-05-3105761439ns10:Director222015-05-3105761439ns10:Director222016-06-012017-05-3105761439ns10:Director222015-06-012016-05-3105761439ns10:Director222017-05-3105761439ns10:Director222016-05-31057614393ns10:Director32016-05-31057614393ns10:Director32015-05-31057614393ns10:Director32016-06-012017-05-31057614393ns10:Director32015-06-012016-05-31057614393ns10:Director32017-05-31057614393ns10:Director32016-05-31


REGISTERED NUMBER: 05761439(England and Wales)
















A L COX & SONS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2017






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






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2017




Page

Company Information 1

Statement of Financial Position 2 to 3

Notes to the Financial Statements 4 to 8


A L COX & SONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2017







DIRECTORS: P G Cox
R E Cox
M G Cox





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





BUSINESS ADDRESS: Enderley House
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)

STATEMENT OF FINANCIAL POSITION
31 MAY 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 400,000 425,000
Tangible assets 5 35,185 45,521
435,185 470,521

CURRENT ASSETS
Stocks 56,526 9,407
Debtors 6 1,766,583 1,382,774
Cash at bank and in hand 84,577 126,854
1,907,686 1,519,035
CREDITORS
Amounts falling due within one year 7 1,121,353 950,614
NET CURRENT ASSETS 786,333 568,421
TOTAL ASSETS LESS CURRENT LIABILITIES 1,221,518 1,038,942

CREDITORS
Amounts falling due after more than one
year

8

(5,769

)

(8,679

)

PROVISIONS FOR LIABILITIES (4,532 ) (6,340 )
NET ASSETS 1,211,217 1,023,923

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 1,211,117 1,023,823
SHAREHOLDERS' FUNDS 1,211,217 1,023,923

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.

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

STATEMENT OF FINANCIAL POSITION - continued
31 MAY 2017


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 26 October 2017and 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 FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2017

1. STATUTORY INFORMATION

A L Cox & 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.

The presentation 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.

The financial statements for the year ended 31st May 2017 are the first financial statements of A L Cox and
Sons Limited prepared in accordance with FRS 102. Adjustments required on transition are set out in the notes
to the financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,
rebates, value added tax and other sales taxes.

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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance, 25% on cost, 20% on reducing balance and Straight line over 10 years

Stocks
Stocks are valued at the lower of cost and estimated selling price less costs to sell, 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 statement of financial position date.


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

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2017

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the statement of financial
position. 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
shorter.

The interest element of these obligations is charged to the income statement 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 income statement on a straight line basis over the
period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7(2016 - 7) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2016
and 31 May 2017 500,000
AMORTISATION
At 1 June 2016 75,000
Charge for year 25,000
At 31 May 2017 100,000
NET BOOK VALUE
At 31 May 2017 400,000
At 31 May 2016 425,000

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

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2017

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2016
and 31 May 2017 78,523
DEPRECIATION
At 1 June 2016 33,002
Charge for year 10,336
At 31 May 2017 43,338
NET BOOK VALUE
At 31 May 2017 35,185
At 31 May 2016 45,521


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade debtors 1,154,401 848,852
Other debtors 612,182 533,922
1,766,583 1,382,774

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Hire purchase contracts (see note 9) 2,910 2,772
Trade creditors 1,013,537 850,742
Taxation and social security 92,511 85,957
Other creditors 12,395 11,143
1,121,353 950,614

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2017 2016
£    £   
Hire purchase contracts (see note 9) 5,769 8,679

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

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2017

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2017 2016
£    £   
Net obligations repayable:
Within one year 2,910 2,772
Between one and five years 5,769 8,679
8,679 11,451

Non-cancellable operating
leases
2017 2016
£    £   
Within one year 24,000 24,000
Between one and five years 72,000 96,000
96,000 120,000

10. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2017 2016
value: £    £   
100 Ordinary £1 100 100

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 May 2017 and
31 May 2016:

2017 2016
£    £   
P G Cox
Balance outstanding at start of year 10,167 (90,275 )
Amounts advanced 61,142 158,615
Amounts repaid (57,611 ) (58,173 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 13,698 10,167

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

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2017

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

R E Cox
Balance outstanding at start of year 2,598 (92,321 )
Amounts advanced 69,865 152,855
Amounts repaid (57,611 ) (57,936 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 14,852 2,598

M G Cox
Balance outstanding at start of year 159,170 (58,084 )
Amounts advanced 209,942 275,190
Amounts repaid (157,611 ) (57,936 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 211,501 159,170

12. FIRST YEAR ADOPTION

The company has adopted FRS 102 for the first time in the period ended 31 May 2017. The reported financial
position and financial performance for the previous period are not affected by the transition to FRS 102.