REGISTERED NUMBER: 07862852 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 April 2016

for

A R Banks Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Stuart Christopher Banks

SECRETARY:

Sarah Banks

REGISTERED OFFICE:

Castle Farm Barn North

Denmead Road

Southwick

Hampshire

PO17 6EX

REGISTERED NUMBER:

07862852 (England and Wales)

ACCOUNTANTS:

KT Accountants Limited

Castle Farm Barn North

Denmead Road

Southwick

Hampshire

PO17 6EX

FIXED ASSETS

Tangible assets

2

223,873

132,178

CURRENT ASSETS

Debtors

46,890

12,275

Cash at bank

34,650

68,979

81,540

81,254

CREDITORS

Amounts falling due within one year

137,335

114,486

NET CURRENT LIABILITIES

(55,795

)

(33,232

)

TOTAL ASSETS LESS CURRENT LIABILITIES

168,078

98,946

CREDITORS

Amounts falling due after more than one year

(129,679

)

(71,424

)

PROVISIONS FOR LIABILITIES

-

(26,435

)

NET ASSETS

38,399

1,087

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

38,299

987

SHAREHOLDERS' FUNDS

38,399

1,087

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 9 January 2017 and were signed by:

Stuart Christopher Banks - 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 January

2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

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

-

12.5% on reducing balance

Motor vehicles

-

25% on reducing balance

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the

balance sheet. 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 the shorter.

The interest element of these obligations is charged to the profit and loss account 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 profit and loss account on a straight

line basis over the period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2015

152,821

Additions

125,000

At 30 April 2016

277,821

DEPRECIATION

At 1 May 2015

20,643

Charge for year

33,305

At 30 April 2016

53,948

NET BOOK VALUE

At 30 April 2016

223,873

At 30 April 2015

132,178

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.16

30.4.15

value:

£

£

100

Ordinary

£1

100

100