Note2018
£000
2017
£000
Fixed assets
Tangible assets258,24158,758
Intangible assets103240
Investments399,86494,494
158,208153,492
Current assets
Debtors — amounts falling due within one year453,39845,538
Cash at bank and in hand2,09513,593
55,49359,131
Creditors — amounts falling due within one year5(94,546)(99,325)
Net current liabilities(39,053)(40,194)
Total assets less current liabilities119,155113,298
Capital and reserves
Share capital7,4927,471
Share premium85,70285,702
Other reserves4,6043,543
Profit and loss account21,35716,582
Equity and total shareholders' funds119,155113,298

The Company reported a profit for the financial year ended 31 March 2018 of £12,134,000 (2017: £4,742,000).

The financial statements were approved by the board of directors on 20 June 2018 and signed on its behalf by:

Alan Dunsmore
Chief executive officer

Adam Semple
Group finance director

Severfield plc
Registered in England No.1721262