REGISTERED NUMBER: 03558431 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

FOR

THE A. & M. ENGINEERING CO. (RUGBY)

LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

R S Renshaw

G O Hussey

O S Hussey

SECRETARY:

R S Renshaw

REGISTERED OFFICE:

The Garage

Rugby Road

Harborough Magna

Warwickshire

CV23 0HR

BUSINESS ADDRESS:

25 Main Street

Clifton upon Dunsmore

Rugby

Warwickshire

CV23 0BH

REGISTERED NUMBER:

03558431 (England and Wales)

ACCOUNTANTS:

SFB Group Limited

Chartered Accountants

Manor Court Chambers

Townsend Drive

Nuneaton

Warwickshire

CV11 6RU

FIXED ASSETS

Tangible assets

3

53,626

55,001

CURRENT ASSETS

Debtors

4

13,572

13,322

Cash at bank

58,240

41,286

71,812

54,608

CREDITORS

Amounts falling due within one year

5

131,317

130,744

NET CURRENT LIABILITIES

(59,505

)

(76,136

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(5,879

)

(21,135

)

CREDITORS

Amounts falling due after more than one year

6

3,325

16,043

NET LIABILITIES

(9,204

)

(37,178

)

CAPITAL AND RESERVES

Called up share capital

8

600,000

600,000

Share premium

9

66,563

66,563

Retained earnings

9

(675,767

)

(703,741

)

SHAREHOLDERS' FUNDS

(9,204

)

(37,178

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors on 11 December 2017 and were signed on its behalf by:

R S Renshaw - Director

1.	STATUTORY INFORMATION

The A. & M. Engineering Co. (Rugby) 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 amounts receivable for goods and services, excluding value added tax.

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

-

2.5% on reducing balance

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.

3.	TANGIBLE FIXED ASSETS

Freehold

property

£

COST

At 1 April 2016

and 31 March 2017

114,240

DEPRECIATION

At 1 April 2016

59,239

Charge for year

1,375

At 31 March 2017

60,614

NET BOOK VALUE

At 31 March 2017

53,626

At 31 March 2016

55,001

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

13,572

13,322

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Bank loans and overdrafts

12,718

11,748

Trade creditors

170

148

Taxation and social security

8,945

6,908

Other creditors

109,484

111,940

131,317

130,744

Included within Other creditors is an amount of £62,893 owed by the company to Mrs B A Hussey (dec'd) a former director

of the company.

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Bank loans

3,325

16,043

7.	SECURED DEBTS

The following secured debts are included within creditors:

2017

2016

£

£

Bank loans

16,043

27,791

The bank loan is secured by a first legal charge oner the company's freehold land and buildings.

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

600,000

Ordinary

£1

600,000

600,000

9.

RESERVES

Retained

Share

earnings

premium

Totals

£

£

£

At 1 April 2016

(703,741

)

66,563

(637,178

)

Profit for the year

27,974

27,974

At 31 March 2017

(675,767

)

66,563

(609,204

)

10.	GOING CONCERN

The financial statements have been prepared on the going concern basis which is subject to the company continuing to

receive financial assistance from the directors of the company.

11.	FIRST YEAR ADOPTION

This is the first set of financial statements prepared under Financial Reporting Standard 102 (Section 1A).

No accounting policies have been changed as a result of this and no amounts in the comparative period required restating

due to the conversion to Financial Reporting Standard 102 (Section 1A).