Note2017
£000
2016
£000
Fixed assets
Tangible assets258,75859,607
Intangible assets240528
Investments394,49494,494
153,492154,629
Current assets
Debtors — amounts falling due within one year445,53842,810
Cash at bank and in hand13,5933,300
59,13146,110
Creditors — amounts falling due within one year5(99,325)(89,189)
Net current liabilities(40,194)(43,079)
Total assets less current liabilities113,298111,550
Capital and reserves
Share capital7,4717,437
Share premium85,70285,702
Other reserves3,5432,150
Profit and loss account16,58216,261
Equity and total shareholders' funds113,298111,550

The Company reported a profit for the financial year ended 31 March 2017 of £4,742,00 (2016: £5,061,000).

The financial statements were approved by the board of directors on 14 June 2017 and signed on its behalf by:

John Dodds
Executive chairman

Alan Dunsmore
Acting chief executive officer

Severfield plc
Registered in England No.1721262