02784976 1.4.15 31.3.16 31.3.16 Company accounts Private Limited Company FY true false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure027849762015-03-31027849762016-03-31027849762015-04-012016-03-31027849762014-03-31027849762014-04-012015-03-31027849762015-03-3102784976ns12:England2015-04-012016-03-3102784976ns14:PoundSterling2015-04-012016-03-3102784976ns7:Director12015-04-012016-03-3102784976ns7:Director22015-04-012016-03-3102784976ns7:OrdinaryShareClass12015-04-012016-03-3102784976ns7:Director32015-04-012016-03-3102784976ns7:CompanySecretary2015-04-012016-03-3102784976ns7:RegisteredOffice2015-04-012016-03-3102784976ns7:EntityAccountantsOrAuditors2015-04-012016-03-3102784976ns5:LandBuildingsns5:OwnedOrFreeholdTangibleFixedAssets2015-04-012016-03-3102784976ns5:PlantMachinery2015-04-012016-03-3102784976ns5:FixturesFittings2015-04-012016-03-3102784976ns5:MotorVehicles2015-04-012016-03-3102784976ns5:FixedAssetInvestmentsOtherThanLoans2016-03-3102784976ns5:FixedAssetInvestmentsOtherThanLoans2015-03-3102784976ns5:Subsidiary12015-04-012016-03-3102784976ns5:Subsidiary12016-03-3102784976ns5:Subsidiary12014-04-012015-03-3102784976ns7:OrdinaryShareClass12016-03-3102784976ns7:OrdinaryShareClass12015-03-31
REGISTERED NUMBER: 02784976 (England and Wales)
















A E FAULKS LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016





A E FAULKS LIMITED (REGISTERED NUMBER: 02784976)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016




Page

Company Information 1

Abbreviated Balance Sheet 2 to 3

Notes to the Abbreviated Accounts 4 to 6

Chartered Accountants' Report 7
A E FAULKS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2016







DIRECTORS: T E Faulks
P A Frost
Mrs D Faulks





SECRETARY: P A Frost





REGISTERED OFFICE: 26 Park Road
Melton Mowbray
Leicestershire
LE13 1TT





REGISTERED NUMBER: 02784976 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
26 Park Road
Melton Mowbray
Leicestershire
LE13 1TT
A E FAULKS LIMITED (REGISTERED NUMBER: 02784976)

ABBREVIATED BALANCE SHEET
31 MARCH 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 2,490,565 2,103,314
Investments 3 2 2
2,490,567 2,103,316

CURRENT ASSETS
Debtors 570,614 700,279
Cash at bank and in hand 772,157 548,241
1,342,771 1,248,520
CREDITORS
Amounts falling due within one year 848,443 897,856
NET CURRENT ASSETS 494,328 350,664
TOTAL ASSETS LESS CURRENT LIABILITIES 2,984,895 2,453,980

CREDITORS
Amounts falling due after more than one
year

(755,991

)

(581,089

)

PROVISIONS FOR LIABILITIES (243,235 ) (196,141 )
NET ASSETS 1,985,669 1,676,750

CAPITAL AND RESERVES
Called up share capital 4 100 100
Profit and loss account 1,985,569 1,676,650
SHAREHOLDERS' FUNDS 1,985,669 1,676,750

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 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 E FAULKS LIMITED (REGISTERED NUMBER: 02784976)

ABBREVIATED BALANCE SHEET - continued
31 MARCH 2016


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 Board of Directors on 10 August 2016 and were signed on its behalf
by:




T E Faulks - Director



P A Frost - Director

A E FAULKS LIMITED (REGISTERED NUMBER: 02784976)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016

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).

Preparation of consolidated financial statements
The financial statements contain information about A E Faulks Limited as an individual company and do not
contain consolidated financial information as the parent of a group. The company has taken the option under
Section 398 of the Companies Act 2006 not to prepare consolidated financial statements.

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.

Freehold land and property - Land - Nil; Buildings 2% on cost
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 15% 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.

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 the profit and loss account in the period to which they relate.
A E FAULKS LIMITED (REGISTERED NUMBER: 02784976)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 MARCH 2016

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2015 4,780,808
Additions 1,168,158
Disposals (874,504 )
At 31 March 2016 5,074,462
DEPRECIATION
At 1 April 2015 2,677,494
Charge for year 594,781
Eliminated on disposal (688,378 )
At 31 March 2016 2,583,897
NET BOOK VALUE
At 31 March 2016 2,490,565
At 31 March 2015 2,103,314

3. FIXED ASSET INVESTMENTS
Investments
other
than
loans
£   
COST
At 1 April 2015
and 31 March 2016 2
NET BOOK VALUE
At 31 March 2016 2
At 31 March 2015 2

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Earthworks and Contracting Limited
Country of incorporation: England and Wales
Nature of business: Earthworks and contracting
%
Class of shares: holding
Ordinary 100.00
2016 2015
£    £   
Aggregate capital and reserves 498 80,965
Loss for the year (639 ) (938 )
A E FAULKS LIMITED (REGISTERED NUMBER: 02784976)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 MARCH 2016

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
100 Ordinary £1 100 100
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
A E FAULKS LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual
unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to six) have
been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements of A E Faulks Limited for the year ended 31 March 2016 which comprise the Profit and Loss
Account, the Balance Sheet and the related notes from the company's accounting records and from information and
explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of A E Faulks Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of A E Faulks Limited and state those matters that we have agreed to state to the Board of Directors of A E Faulks Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that A E Faulks Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of A E Faulks Limited. You consider that A E Faulks Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of A E Faulks Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Duncan & Toplis Limited
26 Park Road
Melton Mowbray
Leicestershire
LE13 1TT


10 August 2016

Options

Monitor

  • Receive an alert email on changes to financial status
  • Early indications of liquidity problems
  • Warns when company reporting is overdue
  • Free service, no spam emails
Monitor Now

Please Help Us!

Was this document useful to you? Please Like our page. The more Likes we get, the more documents we can supply you free. Thanks.