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REGISTERED NUMBER: 05055621 (England and Wales)















REPORT OF THE DIRECTOR AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2018

FOR

A FLETCHER & SONS LIMITED

A FLETCHER & SONS LIMITED (REGISTERED NUMBER: 05055621)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2018




Page

Company Information 1

Report of the Director 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 6


A FLETCHER & SONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2018







DIRECTOR: A D J Fletcher





SECRETARY: Mrs W Fletcher





REGISTERED OFFICE: 148 Commercial Road
Totton
Southampton
SO40 3AA





REGISTERED NUMBER: 05055621 (England and Wales)





ACCOUNTANTS: R A Vowles & Co
Chartered Accountants
148 Commercial Road
Totton
Southampton
Hampshire
S040 3AA

A FLETCHER & SONS LIMITED (REGISTERED NUMBER: 05055621)

REPORT OF THE DIRECTOR
FOR THE YEAR ENDED 28 FEBRUARY 2018

The director presents his report with the financial statements of the company for the year ended 28 February 2018.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of general builders.

REVIEW OF BUSINESS
The results for the year and financial position of the company are as shown in the annexed financial statements.

DIVIDENDS
Interim dividends of £17,500 per share were paid during the year. A final dividend of £5,200 per share was paid.

The total distribution of dividend for the year ended 28 February 2018 will be £22,700.

DIRECTOR
A D J Fletcher was the sole director during the year under review.

His beneficial interest in the issued share capital of the company was as follows:

28.2.18 1.3.17
Ordinary shares £1 shares 1 1

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.

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:

- select suitable accounting policies and then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;

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.

The financial statements have been prepared in accordance with the special provisions of the Companies Act 2006
relating to small companies.

ON BEHALF OF THE BOARD:





A D J Fletcher - Director


15 November 2018

A FLETCHER & SONS LIMITED (REGISTERED NUMBER: 05055621)

INCOME STATEMENT
FOR THE YEAR ENDED 28 FEBRUARY 2018

2018 2017
Notes £    £   

TURNOVER 820,675 469,898

Cost of sales 440,556 241,657
GROSS PROFIT 380,119 228,241

Administrative expenses 283,703 226,715
OPERATING PROFIT 4 96,416 1,526


Interest payable and similar expenses 2,473 1,508
PROFIT BEFORE TAXATION 93,943 18

Tax on profit 5 17,993 1,032
PROFIT/(LOSS) FOR THE FINANCIAL
YEAR

75,950

(1,014

)

A FLETCHER & SONS LIMITED (REGISTERED NUMBER: 05055621)

BALANCE SHEET
28 FEBRUARY 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 7 52,968 27,415

CURRENT ASSETS
Stocks 8 9,500 11,750
Debtors 9 59,346 28,479
Cash at bank and in hand 42,466 7,186
111,312 47,415
CREDITORS
Amounts falling due within one year 10 80,508 63,311
NET CURRENT ASSETS/(LIABILITIES) 30,804 (15,896 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

83,772

11,519

CREDITORS
Amounts falling due after more than one
year

11

(24,025

)

(4,000

)

PROVISIONS FOR LIABILITIES 13 (4,461 ) (5,483 )
NET ASSETS 55,286 2,036

CAPITAL AND RESERVES
Called up share capital 14 1 1
Retained earnings 15 55,285 2,035
SHAREHOLDERS' FUNDS 55,286 2,036

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2018 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.

A FLETCHER & SONS LIMITED (REGISTERED NUMBER: 05055621)

BALANCE SHEET - continued
28 FEBRUARY 2018


The financial statements have been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 15 November 2018 and were signed by:





A D J Fletcher - Director


A FLETCHER & SONS LIMITED (REGISTERED NUMBER: 05055621)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2018

1. STATUTORY INFORMATION

A Fletcher & 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.

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 represents net invoiced sales of goods, excluding value added tax. Turnover is recognised as soon as
the work is completed.

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.
Office alterations - 20% on cost
Fixtures & fittings - 25% on reducing balance
Tools & equipment - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

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.

A FLETCHER & SONS LIMITED (REGISTERED NUMBER: 05055621)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2018

2. ACCOUNTING POLICIES - continued

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 profit or loss over the relevant period. The capital element
of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2017 - 5 ) .

2018 2017
£    £   
Director's remuneration 30,000 22,500

4. OPERATING PROFIT

The operating profit is stated after charging:

2018 2017
£    £   
Depreciation - owned assets 3,516 4,188

5. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
2018 2017
£    £   
Current tax:
UK corporation tax 19,015 920

Deferred tax (1,022 ) 112
Tax on profit 17,993 1,032

6. DIVIDENDS
2018 2017
£    £   
Ordinary shares share of £1
Final 5,200 4,000
Interim 17,500 36,420
22,700 40,420

A FLETCHER & SONS LIMITED (REGISTERED NUMBER: 05055621)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2018

7. TANGIBLE FIXED ASSETS
Office Fixtures Tools &
alterations & fittings equipment
£    £    £   
COST
At 1 March 2017 2,087 1,283 7,310
Additions - 270 2,100
At 28 February 2018 2,087 1,553 9,410
DEPRECIATION
At 1 March 2017 835 563 5,193
Charge for year 417 201 528
At 28 February 2018 1,252 764 5,721
NET BOOK VALUE
At 28 February 2018 835 789 3,689
At 28 February 2017 1,252 720 2,117

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 March 2017 60,592 827 72,099
Additions 32,170 - 34,540
At 28 February 2018 92,762 827 106,639
DEPRECIATION
At 1 March 2017 37,540 553 44,684
Charge for year 7,773 68 8,987
At 28 February 2018 45,313 621 53,671
NET BOOK VALUE
At 28 February 2018 47,449 206 52,968
At 28 February 2017 23,052 274 27,415

A FLETCHER & SONS LIMITED (REGISTERED NUMBER: 05055621)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2018

7. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 March 2017 36,605
Additions 32,170
At 28 February 2018 68,775
DEPRECIATION
At 1 March 2017 22,762
Charge for year 5,471
At 28 February 2018 28,233
NET BOOK VALUE
At 28 February 2018 40,542
At 28 February 2017 13,843

8. STOCKS
2018 2017
£    £   
Stocks 9,500 11,750

9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors 58,240 27,905
Prepayments and accrued income 1,106 574
59,346 28,479

10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Bank loans and overdrafts (see note 12) - 10,594
Hire purchase contracts 6,952 4,813
Trade creditors 35,932 7,764
Tax 19,015 920
Social security and other taxes 1,360 (3,204 )
VAT 8,607 7,351
Other creditors 8,581 35,066
Directors' current accounts 61 7
80,508 63,311

A FLETCHER & SONS LIMITED (REGISTERED NUMBER: 05055621)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2018

11. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2018 2017
£    £   
Hire purchase contracts 24,025 4,000

12. LOANS

An analysis of the maturity of loans is given below:

2018 2017
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts - 10,594

13. PROVISIONS FOR LIABILITIES
2018 2017
£    £   
Deferred tax 4,461 5,483

Deferred
tax
£   
Balance at 1 March 2017 5,483
Decrease in provision (1,022 )
Balance at 28 February 2018 4,461

14. CALLED UP SHARE CAPITAL


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

15. RESERVES
Retained
earnings
£   

At 1 March 2017 2,035
Profit for the year 75,950
Dividends (22,700 )
At 28 February 2018 55,285