AH&Co Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC430923 (Scotland)

Unaudited Financial Statements

for the Year Ended 30 April 2018

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

396,119

422,526

Tangible assets

5

16,263

10,215

412,382

432,741

CURRENT ASSETS

Stocks

40,566

50,323

Debtors

6

164,239

129,565

Cash at bank and in hand

9,717

25,426

214,522

205,314

CREDITORS

Amounts falling due within one year

7

(418,728

)

(489,886

)

NET CURRENT LIABILITIES

(204,206

)

(284,572

)

TOTAL ASSETS LESS CURRENT LIABILITIES

208,176

148,169

PROVISIONS FOR LIABILITIES

8

(2,849

)

(1,647

)

NET ASSETS

205,327

146,522

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

205,227

146,422

SHAREHOLDERS' FUNDS

205,327

146,522

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2018.

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

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 29 January 2019 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.

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 (2017 - 20 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 May 2017

and 30 April 2018

528,154

AMORTISATION

At 1 May 2017

105,628

Amortisation for year

26,407

At 30 April 2018

132,035

NET BOOK VALUE

At 30 April 2018

396,119

At 30 April 2017

422,526

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 May 2017

4,744

30,311

35,055

Additions

4,688

11,208

15,896

At 30 April 2018

9,432

41,519

50,951

DEPRECIATION

At 1 May 2017

1,166

23,674

24,840

Charge for year

1,975

7,873

9,848

At 30 April 2018

3,141

31,547

34,688

NET BOOK VALUE

At 30 April 2018

6,291

9,972

16,263

At 30 April 2017

3,578

6,637

10,215

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.18

30.4.17

£

£

Trade debtors

120,783

97,830

Other debtors

300

749

Prepayments

43,156

30,986

164,239

129,565

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.18

30.4.17

£

£

Bank loans and overdrafts

668

4,984

Trade creditors

49,739

34,542

Tax

37,442

59,408

Other creditors

-

1,712

Vat

43,014

39,078

Directors' current accounts

275,208

334,847

Accrued expenses

12,657

14,271

Accrued Income

-

1,044

418,728

489,886

8.	PROVISIONS FOR LIABILITIES

30.4.18

30.4.17

£

£

Deferred tax

2,849

1,647

Deferred

tax

£

Balance at 1 May 2017

1,647

accelerated capital allowances

1,202

Balance at 30 April 2018

2,849

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.18

30.4.17

value:

£

£

100

Ordinary

1

100

100

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As at 30 April 2018, the company owed directors £275,208 (2017 - £334,877)