REGISTERED NUMBER: 04926620 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2018

FOR

A AND J FINANCE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J C England

Ms A J Mason

REGISTERED OFFICE:

Rutherford House

2 Upton Street

Hull

HU8 7DA

REGISTERED NUMBER:

04926620 (England and Wales)

ACCOUNTANTS:

Sowerby

Chartered Accountants

Beckside Court

Annie Reed Road

Beverley

East Yorkshire

HU17 0LF

FIXED ASSETS

Tangible assets

4

19,931

23,704

CURRENT ASSETS

Debtors

5

2,332

2,897

Cash at bank

20,146

19,658

22,478

22,555

CREDITORS

Amounts falling due within one year

6

1,564

3,855

NET CURRENT ASSETS

20,914

18,700

TOTAL ASSETS LESS CURRENT LIABILITIES

40,845

42,404

PROVISIONS FOR LIABILITIES

3,388

4,741

NET ASSETS

37,457

37,663

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

37,357

37,563

SHAREHOLDERS' FUNDS

37,457

37,663

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 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors on 1 June 2018 and were signed on its behalf by:

Ms A J Mason - Director

1.	STATUTORY INFORMATION

A & J Finance Limited is a private company, limited by shares, registered in England. The company's registered number is

04926620 and registered place of business is at Rutherford House, 2 Upton Street, Hull, HU8 7DA.

The presentation currency of the accounts is the Pound Sterling (£).

The principal activity of the company is the renting and leasing of machinery and equipment.

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.

Having regard to liquidity risk, current market conditions and other factors affecting the company, the use of the going

concern basis of accounting is appropriate as, in the opinion of the directors, there are no material uncertainties related to

events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.

Turnover

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

added tax and other sales taxes.

Turnover from the sale of goods is recognised at the point of sale.

Turnover from services is recognised on completion of service, or when those services span the year end date, by

reference to the stage of completion at the balance sheet date.

Tangible fixed assets

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

Plant and machinery etc

-

20% on cost

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 2 (2017 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 March 2017

47,455

Additions

5,292

At 28 February 2018

52,747

DEPRECIATION

At 1 March 2017

23,751

Charge for year

9,065

At 28 February 2018

32,816

NET BOOK VALUE

At 28 February 2018

19,931

At 28 February 2017

23,704

Other debtors have been reclassified as fixed assets to properly reflect the nature of the company.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

2,332

2,897

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Taxation and social security

1,064

3,355

Other creditors

500

500

1,564

3,855

7.	ULTIMATE CONTROLLING PARTY

The controlling party is Ms A J Mason.