AH&Co Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: SC430923 (Scotland)

Unaudited Financial Statements

for the Year Ended 30 April 2017

for

AH&Co Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P F W Mannings

S L Wilson

REGISTERED OFFICE:

6 Logie Mill

Edinburgh

Lothian

EH7 4HG

REGISTERED NUMBER:

SC430923 (Scotland)

ACCOUNTANTS:

A H & Co Ltd

Chartered Accountants

6 Logie Mill

Edinburgh

Lothian

EH7 4HG

FIXED ASSETS

Intangible assets

4

422,526

448,933

Tangible assets

5

10,215

13,357

432,741

462,290

CURRENT ASSETS

Stocks

50,323

45,891

Debtors

6

129,565

58,381

Cash at bank and in hand

25,426

18,014

205,314

122,286

CREDITORS

Amounts falling due within one year

7

(489,886

)

(567,529

)

NET CURRENT LIABILITIES

(284,572

)

(445,243

)

TOTAL ASSETS LESS CURRENT LIABILITIES

148,169

17,047

PROVISIONS FOR LIABILITIES

8

(1,647

)

(2,294

)

NET ASSETS

146,522

14,753

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

10

146,422

14,653

SHAREHOLDERS' FUNDS

146,522

14,753

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 26 January 2018 and were signed on its behalf by:

P F W Mannings - Director

S L Wilson - Director

1.	STATUTORY INFORMATION

AH&Co Limited is a private company, limited by shares , registered in Scotland. 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.

The financial statements have been prepared on a going concern basis on the assumption that the company will

continue to receive the support of the directors.

First year adoption of Financial Reporting Standard 102 ( FRS 102) Section 1A

These financial statements for the year ended 30 April 2017 are the first that are prepared in accordance with

FRS 102 Section 1A. The previous financial statements were prepared in accordance with UK GAAP, the date of

transition to FRS 102 Section 1A is 1 May 2015.

Turnover

Turnover from the supply of services represents the value of services provided under contracts to the extent that

is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a

contract has only been partially completed at the balance sheet date turnover represents the fair value of the

service provided to date based on the stage of completion of the contract activity at the balance sheet date

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

Tangible fixed assets are stated at cost, net of depreciation and any provision for impairment. Depreciation is

provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of

each asset on a straight line basis over its expected useful life, as follows;

Fixtures & Fittings

-

25% on cost

Computer Equipment

-

25% on cost

Residual value represents the estimated amount which would currently be obtained from disposal of an asset,

after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at

the end of its useful life.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

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.

Financial instruments

The company has only financial assets and financial liabilities of a kind that qualify as basic financial

instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured

at their settlement value.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss 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 profit or loss in the period to which they relate.

Provisions

Provisions are recognised when the company has a present obligation (legal or constructive) as a result of a past

event, it is probable that the company will be required to settle that obligation and a reliable estimate can be

made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present

obligation at the balance sheet date, taking into account the risks and uncertainties surrounding the obligation.

Exemption from preparing a cashflow statement

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

small company.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2016 - 19 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 May 2016

and 30 April 2017

528,154

AMORTISATION

At 1 May 2016

79,221

Charge for year

26,407

At 30 April 2017

105,628

NET BOOK VALUE

At 30 April 2017

422,526

At 30 April 2016

448,933

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 May 2016

452

29,203

29,655

Additions

4,594

1,108

5,702

Disposals

(302

)

-

(302

)

At 30 April 2017

4,744

30,311

35,055

DEPRECIATION

At 1 May 2016

165

16,133

16,298

Charge for year

1,198

7,541

8,739

Eliminated on disposal

(197

)

-

(197

)

At 30 April 2017

1,166

23,674

24,840

NET BOOK VALUE

At 30 April 2017

3,578

6,637

10,215

At 30 April 2016

287

13,070

13,357

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.17

30.4.16

£

£

Trade debtors

97,830

31,093

Other debtors

31,735

27,288

129,565

58,381

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.17

30.4.16

£

£

Bank loans and overdrafts

4,984

422

Trade creditors

34,542

35,019

Taxation and social security

59,408

39,727

Other creditors

390,952

492,361

489,886

567,529

8.	PROVISIONS FOR LIABILITIES

30.4.17

30.4.16

£

£

Deferred tax

1,647

2,294

Deferred

tax

£

Balance at 1 May 2016

2,294

accelerated capital allowances

(647

)

Balance at 30 April 2017

1,647

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.17

30.4.16

value:

£

£

100

Ordinary

1

100

100

10.

RESERVES

Retained

earnings

£

At 1 May 2016

14,653

Profit for the year

210,769

Dividends

(79,000

)

At 30 April 2017

146,422

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As at 30 April 2017, the company owed directors £334,847 (2016 - £439,415)

12.	RELATED PARTY DISCLOSURES

During the year, total dividends of £79,000 (2016 - £192,000) were paid to the directors .