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REGISTERED NUMBER:
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REPORT OF THE DIRECTOR AND |
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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2017 |
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A FLETCHER & SONS LIMITED |
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REGISTERED NUMBER:
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REPORT OF THE DIRECTOR AND |
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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2017 |
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FOR |
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A FLETCHER & SONS LIMITED |
A FLETCHER & SONS LIMITED (REGISTERED NUMBER: 05055621) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 28 FEBRUARY 2017 |
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Company Information | 1 |
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Report of the Director | 2 |
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Income Statement | 3 |
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Balance Sheet | 4 |
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Notes to the Financial Statements | 6 |
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A FLETCHER & SONS LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 28 FEBRUARY 2017 |
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DIRECTOR: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
148 Commercial Road |
Totton |
Southampton |
Hampshire |
S040 3AA |
A FLETCHER & SONS LIMITED (REGISTERED NUMBER: 05055621) |
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REPORT OF THE DIRECTOR |
FOR THE YEAR ENDED 28 FEBRUARY 2017 |
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The director presents his report with the financial statements of the company for the year ended 28 February 2017. |
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PRINCIPAL ACTIVITY |
The principal activity of the company in the year under review was that of general builders. |
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REVIEW OF BUSINESS |
The results for the year and financial position of the company are as shown in the annexed financial statements. |
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DIVIDENDS |
Interim dividends of £36,420 per share were paid during the year. A final dividend of £4,000 per share was paid. |
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The total distribution of dividend for the year ended 28 February 2017 will be £40,420. |
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DIRECTOR |
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His beneficial interest in the issued share capital of the company was as follows: |
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28.2.17 | 29.2.16 |
Ordinary shares £1 shares | 1 | 1 |
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STATEMENT OF DIRECTOR'S RESPONSIBILITIES |
The director is responsible for preparing the Report of the Director and the financial statements in accordance with |
applicable law and regulations. |
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Company law requires the director to prepare financial statements for each financial year. Under that law the director |
has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting |
Practice (United Kingdom Accounting Standards and applicable law), including Financial Reporting Standard 102 'The |
Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the director must not |
approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the |
company and of the profit or loss of the company for that period. In preparing these financial statements, the director is |
required to: |
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- | select suitable accounting policies and then apply them consistently; |
- | make judgements and accounting estimates that are reasonable and prudent; |
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The director is responsible for keeping adequate accounting records that are sufficient to show and explain the |
company's transactions and disclose with reasonable accuracy at any time the financial position of the company and |
enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for |
safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud |
and other irregularities. |
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The financial statements have been prepared in accordance with the special provisions of the Companies Act 2006 |
relating to small companies. |
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ON BEHALF OF THE BOARD: |
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A FLETCHER & SONS LIMITED (REGISTERED NUMBER: 05055621) |
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INCOME STATEMENT |
FOR THE YEAR ENDED 28 FEBRUARY 2017 |
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2017 | 2016 |
Notes | £ | £ |
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TURNOVER |
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Cost of sales |
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GROSS PROFIT |
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Administrative expenses |
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OPERATING PROFIT | 4 |
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Interest payable and similar expenses |
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PROFIT BEFORE TAXATION |
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Tax on profit | 5 |
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(LOSS)/PROFIT FOR THE FINANCIAL
YEAR |
( |
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A FLETCHER & SONS LIMITED (REGISTERED NUMBER: 05055621) |
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BALANCE SHEET |
28 FEBRUARY 2017 |
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2017 | 2016 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 7 |
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CURRENT ASSETS |
Stocks | 8 |
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Debtors | 9 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 10 |
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NET CURRENT (LIABILITIES)/ASSETS | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
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PROVISIONS FOR LIABILITIES | 13 | ( |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 14 |
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Retained earnings | 15 |
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SHAREHOLDERS' FUNDS |
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The director acknowledges his responsibilities for: |
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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 FLETCHER & SONS LIMITED (REGISTERED NUMBER: 05055621) |
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BALANCE SHEET - continued |
28 FEBRUARY 2017 |
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The financial statements were approved by the director on
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A FLETCHER & SONS LIMITED (REGISTERED NUMBER: 05055621) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 28 FEBRUARY 2017 |
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1. | STATUTORY INFORMATION |
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A Fletcher & Sons Limited is a
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company's registered number and registered office address can be found on the Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover represents net invoiced sales of goods, excluding value added tax. Turnover is recognised as soon as |
the work is completed. |
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Tangible fixed assets |
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Office alterations | - |
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Fixtures & fittings | - |
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Tools & equipment | - |
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Motor vehicles | - |
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Computer equipment | - |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
moving items. |
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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
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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. |
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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 FLETCHER & SONS LIMITED (REGISTERED NUMBER: 05055621) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 28 FEBRUARY 2017 |
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2. | ACCOUNTING POLICIES - continued |
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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. |
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The interest element of these obligations is charged to profit or loss over the relevant period. The capital element |
of the future payments is treated as a liability. |
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Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the |
lease. |
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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. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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2017 | 2016 |
£ | £ |
Director's remuneration |
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4. | OPERATING PROFIT |
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The operating profit is stated after charging: |
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2017 | 2016 |
£ | £ |
Depreciation - owned assets |
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5. | TAXATION |
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Analysis of the tax charge |
The tax charge on the profit for the year was as follows: |
2017 | 2016 |
£ | £ |
Current tax: |
UK corporation tax |
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Under provision corporation |
tax previous years. | - | 7 |
Total current tax |
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Deferred tax |
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Tax on profit |
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A FLETCHER & SONS LIMITED (REGISTERED NUMBER: 05055621) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 28 FEBRUARY 2017 |
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6. | DIVIDENDS |
2017 | 2016 |
£ | £ |
Ordinary shares share of £1 |
Final |
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Interim |
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7. | TANGIBLE FIXED ASSETS |
Office | Fixtures | Tools & |
alterations | & fittings | equipment |
£ | £ | £ |
COST |
At 29 February 2016 |
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At 28 February 2017 |
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DEPRECIATION |
At 29 February 2016 |
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Charge for year |
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Eliminated on disposal |
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At 28 February 2017 |
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NET BOOK VALUE |
At 28 February 2017 |
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At 28 February 2016 |
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Motor | Computer |
vehicles | equipment | Totals |
£ | £ | £ |
COST |
At 29 February 2016 |
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Additions |
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Disposals | ( |
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At 28 February 2017 |
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DEPRECIATION |
At 29 February 2016 |
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Charge for year |
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Eliminated on disposal | ( |
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( |
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At 28 February 2017 |
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NET BOOK VALUE |
At 28 February 2017 |
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At 28 February 2016 |
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A FLETCHER & SONS LIMITED (REGISTERED NUMBER: 05055621) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 28 FEBRUARY 2017 |
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7. | TANGIBLE FIXED ASSETS - continued |
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Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
Motor |
vehicles |
£ |
COST |
At 29 February 2016 |
and 28 February 2017 |
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DEPRECIATION |
At 29 February 2016 |
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Charge for year |
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At 28 February 2017 |
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NET BOOK VALUE |
At 28 February 2017 |
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At 28 February 2016 |
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8. | STOCKS |
2017 | 2016 |
£ | £ |
Stocks |
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9. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Trade debtors |
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Prepayments and accrued income |
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10. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Bank loans and overdrafts (see note 12) |
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Hire purchase contracts |
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Trade creditors |
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Tax |
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Social security and other taxes | ( |
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VAT | 7,351 | 28,437 |
Other creditors |
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Directors' current accounts | 7 | 1 |
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11. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
2017 | 2016 |
£ | £ |
Hire purchase contracts |
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A FLETCHER & SONS LIMITED (REGISTERED NUMBER: 05055621) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 28 FEBRUARY 2017 |
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12. | LOANS |
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An analysis of the maturity of loans is given below: |
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2017 | 2016 |
£ | £ |
Amounts falling due within one year or on demand: |
Bank overdrafts |
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13. | PROVISIONS FOR LIABILITIES |
2017 | 2016 |
£ | £ |
Deferred tax | 5,483 | 5,371 |
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Deferred |
tax |
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Balance at 29 February 2016 |
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Increase in provision | 112 |
Balance at 28 February 2017 |
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14. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2017 | 2016 |
value: | £ | £ |
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Ordinary shares | £1 | 1 | 1 |
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15. | RESERVES |
Retained |
earnings |
£ |
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At 29 February 2016 |
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Deficit for the year | ( |
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Dividends | ( |
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At 28 February 2017 |
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