A L Cox & Sons Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 05761439 (England and Wales)

A L COX & SONS LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE PERIOD

1 APRIL 2013 TO 31 MAY 2014

Page

Company Information

1

Abbreviated Balance Sheet

2

to

3

Notes to the Abbreviated Accounts

4

to

5

Chartered Accountants' Report

6

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

FIXED ASSETS

Intangible assets

2

475,000

Tangible assets

3

49,592

524,592

CURRENT ASSETS

Stocks

415,311

Debtors

1,036,033

Cash at bank and in hand

106,186

1,557,530

CREDITORS

Amounts falling due within one year

1,471,501

NET CURRENT ASSETS

86,029

TOTAL ASSETS LESS CURRENT LIABILITIES

610,621

PROVISIONS FOR LIABILITIES

3,692

NET ASSETS

606,929

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

606,829

SHAREHOLDERS' FUNDS

606,929

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 May 2014.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 May 2014 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 5 November 2014 and were signed on its behalf by:

P G Cox - Director

R E Cox - Director

M G Cox - Director

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 April 2008).

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.

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 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 includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

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.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

Additions

500,000

At 31 May 2014

500,000

AMORTISATION

Amortisation for period

25,000

At 31 May 2014

25,000

NET BOOK VALUE

At 31 May 2014

475,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

62,678

At 31 May 2014

62,678

DEPRECIATION

Charge for period

13,086

At 31 May 2014

13,086

NET BOOK VALUE

At 31 May 2014

49,592

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

100

Ordinary

£1

100

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 five) 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 period ended 31 May 2014 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 at icaew.com/membershandbook.

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 AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not

accept or assume responsibility to anyone other than the company and its 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 period.

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

5 November 2014