REGISTERED NUMBER: 03484105 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 January 2017

for

Frank Beirne Fabrics Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Certified Accountants' Report

7

DIRECTORS:

F Beirne

Mrs J Beirne

G Beirne

SECRETARY:

Mrs J Beirne

REGISTERED OFFICE:

160 Elliott Street

Tyldesley

Lancashire

M29 8DS

REGISTERED NUMBER:

03484105 (England and Wales)

ACCOUNTANTS:

C J Roberts & Partners Limited

160 Elliott Street

Tyldesley

Lancashire

M29 8DS

FIXED ASSETS

Tangible assets

4

348,313

355,138

CURRENT ASSETS

Stocks

129,866

82,306

Debtors

5

266,865

247,069

Cash at bank

253,923

130,651

650,654

460,026

CREDITORS

Amounts falling due within one year

6

301,434

269,295

NET CURRENT ASSETS

349,220

190,731

TOTAL ASSETS LESS CURRENT LIABILITIES

697,533

545,869

PROVISIONS FOR LIABILITIES

3,712

1,972

NET ASSETS

693,821

543,897

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

693,721

543,797

SHAREHOLDERS' FUNDS

693,821

543,897

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2017 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 19 July 2017 and were signed on its behalf by:

F Beirne - Director

Mrs J Beirne - Director

1.	STATUTORY INFORMATION

Frank Beirne Fabrics 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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The

Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party

transactions with wholly owned subsidiaries within the group.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

2% on cost

Plant and machinery etc

-

33% on cost, 25% on reducing balance and 15% on reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance

for obsolete and slow moving items.

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.

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.

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 22 .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 February 2016

342,449

43,512

385,961

Additions

-

6,807

6,807

At 31 January 2017

342,449

50,319

392,768

DEPRECIATION

At 1 February 2016

6,769

24,054

30,823

Charge for year

6,769

6,863

13,632

At 31 January 2017

13,538

30,917

44,455

NET BOOK VALUE

At 31 January 2017

328,911

19,402

348,313

At 31 January 2016

335,680

19,458

355,138

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.17

31.1.16

£

£

Trade debtors

263,260

247,069

Other debtors

3,605

-

266,865

247,069

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.17

31.1.16

£

£

Trade creditors

230,577

204,131

Taxation and social security

66,662

52,338

Other creditors

4,195

12,826

301,434

269,295

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2017 and

31 January 2016:

31.1.17

31.1.16

£

£

F Beirne

Balance outstanding at start of year

(8,867

)

(7,290

)

Amounts advanced

11,438

-

Amounts repaid

-

(1,577

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

2,571

(8,867

)

G Beirne

Balance outstanding at start of year

(157

)

(39

)

Amounts advanced

1,191

-

Amounts repaid

-

(118

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

1,034

(157

)

8.	RELATED PARTY DISCLOSURES

During the year, total dividends of £36,000 (2016 - £62,500) were paid to the directors .

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is F Beirne.

The following reproduces the text of the report prepared for the directors and members in respect of the

company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is

only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary

statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Frank Beirne Fabrics Limited for the year ended 31 January 2017 which comprise the Income

Statement, 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Frank Beirne Fabrics 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 Frank Beirne Fabrics Limited and state those matters that we have agreed to state to the Board of Directors of Frank Beirne Fabrics Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. 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 Frank Beirne Fabrics 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 Frank Beirne Fabrics Limited. You consider that Frank Beirne Fabrics 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 Frank Beirne Fabrics 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.

C J Roberts & Partners Limited

160 Elliott Street

Tyldesley

Lancashire

M29 8DS

11 August 2017