A L Cox & Sons Limited - Accounts to registrar (filleted) - small 18.2

A L Cox & Sons Limited - Accounts to registrar (filleted) - small 18.2


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REGISTERED NUMBER: 05761439(England and Wales)
















A L COX & SONS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2018






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






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2018




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


A L COX & SONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2018







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)

STATEMENT OF FINANCIAL POSITION
31 MAY 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 375,000 400,000
Tangible assets 5 27,406 35,185
402,406 435,185

CURRENT ASSETS
Stocks 140,032 56,526
Debtors 6 1,852,209 1,766,583
Cash at bank and in hand 116,482 84,577
2,108,723 1,907,686
CREDITORS
Amounts falling due within one year 7 1,310,539 1,121,353
NET CURRENT ASSETS 798,184 786,333
TOTAL ASSETS LESS CURRENT LIABILITIES 1,200,590 1,221,518

CREDITORS
Amounts falling due after more than one
year

8

(2,721

)

(5,769

)

PROVISIONS FOR LIABILITIES (3,079 ) (4,532 )
NET ASSETS 1,194,790 1,211,217

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 1,194,690 1,211,117
SHAREHOLDERS' FUNDS 1,194,790 1,211,217

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2018 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 2018


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 2018and 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 2018

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.

Turnover
Turnover comprises of revenue recognised in relation to the sale of different elements of Grain exclusive of
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.
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. Stock is recognised per
Tonne and allowances are made for any obsolete stocks.

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.

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.

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

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2018

2. ACCOUNTING POLICIES - continued

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.

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 Income Statement in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7(2017 - 7) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2017
and 31 May 2018 500,000
AMORTISATION
At 1 June 2017 100,000
Charge for year 25,000
At 31 May 2018 125,000
NET BOOK VALUE
At 31 May 2018 375,000
At 31 May 2017 400,000

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

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2018

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2017
and 31 May 2018 78,523
DEPRECIATION
At 1 June 2017 43,338
Charge for year 7,779
At 31 May 2018 51,117
NET BOOK VALUE
At 31 May 2018 27,406
At 31 May 2017 35,185


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors 1,201,154 1,154,401
Other debtors 651,055 612,182
1,852,209 1,766,583

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Hire purchase contracts 3,048 2,910
Trade creditors 1,253,550 1,013,537
Taxation and social security 41,124 92,511
Other creditors 12,817 12,395
1,310,539 1,121,353

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2018 2017
£    £   
Hire purchase contracts 2,721 5,769

9. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2018 2017
value: £    £   
100 Ordinary £1 100 100

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

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2018

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

There are, included in other debtors, directors loan accounts totalling £240,051 brought forward (2017:
£171,935 ). During the year, the directors of the company borrowed £228,771 (2017: £340,948) from the
company and repaid £244,194 (2017: £272,832). The balances at the end of the year totalled £224,628 due to
the company (2017: £240,051 overdrawn).