1 November 2016 2.9.4 limited_company_frs_102_section_1a_v1_0_2 companies_houseSoftwarefalsetruetruetrueNo description of principal activitytruexbrli:purexbrli:sharesiso4217:GBP052559342016-11-012017-10-31052559342017-10-31052559342016-10-3105255934core:WithinOneYear2017-10-3105255934core:WithinOneYear2016-10-3105255934core:AfterOneYear2017-10-3105255934core:AfterOneYear2016-10-3105255934core:ShareCapital2017-10-3105255934core:ShareCapital2016-10-3105255934core:RetainedEarningsAccumulatedLosses2017-10-3105255934core:RetainedEarningsAccumulatedLosses2016-10-3105255934bus:Director12016-11-012017-10-3105255934bus:RegisteredOffice2016-11-012017-10-3105255934core:PlantMachinery2016-11-012017-10-3105255934core:OfficeEquipment2016-11-012017-10-3105255934core:MotorVehicles2016-11-012017-10-31052559342015-11-012016-10-3105255934core:PlantMachinery2016-11-0105255934core:PlantMachinery2017-10-3105255934core:PlantMachinery2016-10-310525593412016-11-012017-10-3105255934countries:EnglandWales2016-11-012017-10-3105255934bus:AuditExemptWithAccountantsReport2016-11-012017-10-3105255934bus:PrivateLimitedCompanyLtd2016-11-012017-10-3105255934bus:SmallEntities2016-11-012017-10-3105255934bus:FullAccounts2016-11-012017-10-31
Company registration number:
05255934
A & P Engineering Services (Manchester) Ltd
Unaudited Filleted Financial Statements for the year ended
31 October 2017
A & P Engineering Services (Manchester) Ltd
Chartered accountant's report to the board of directors on the preparation of the unaudited statutory financial statements of A & P Engineering Services (Manchester) Ltd for the year ended 31 October 2017
Year ended
31 October 2017
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the
financial statements
of
A & P Engineering Services (Manchester) Ltd
for the year ended
31 October 2017
which comprise the income statement, statement of financial position and related notes from the company’s accounting records and from information and explanations you have given me.
As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), I am subject to its ethical and other professional requirements which are detailed at icaew.com/​regulations.
This report is made solely to the Board of Directors of
A & P Engineering Services (Manchester) Ltd
, as a body. My work has been undertaken solely to prepare for your approval the
financial statements
of
A & P Engineering Services (Manchester) Ltd
and state those matters that I have agreed to state to the Board of Directors of
A & P Engineering Services (Manchester) Ltd
, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than
A & P Engineering Services (Manchester) Ltd
and its Board of Directors, as a body, for my work or for this report.
It is your duty to ensure that
A & P Engineering Services (Manchester) Ltd
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
A & P Engineering Services (Manchester) Ltd
. You consider that
A & P Engineering Services (Manchester) Ltd
is exempt from the statutory audit requirement for the year.
I have not been instructed to carry out an audit or a review of the financial statements of A & P Engineering Services (Manchester) Ltd. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.
A&C Chartered Accountants
1a Marsland Road
Sale Moor
Manchester
Cheshire
M33 3HP
United Kingdom
A & P Engineering Services (Manchester) Ltd
Statement of Financial Position
31 October 2017
20172016
Note££
Fixed assets    
Tangible assets 5
48,748
 
48,554
 
Current assets    
Debtors 6
71,609
 
33,623
 
Cash at bank and in hand
86,553
 
14,079
 
158,162
 
47,702
 
Creditors: amounts falling due within one year 7
(121,328
 )
(49,823
 )
Net current assets/(liabilities)
36,834
 
(2,121
 )
Total assets less current liabilities 85,582   46,433  
Creditors: amounts falling due after more than one year 8
(20,086
 )
(21,725
 )
Provision for liabilities (6,023 ) (5,942 )
Net assets
59,473
 
18,766
 
Capital and reserves    
Called up share capital
3
 
1
 
Profit and loss account
59,470
 
18,765
 
Shareholders funds
59,473
 
18,766
 
For the year ending
31 October 2017
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
financial statements
have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies’ regime.
In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered.
These
financial statements
were approved by the board of directors and authorised for issue on
23 July 2018
, and are signed on behalf of the board by:
Mrs Joanne Morris
Director
Company registration number:
05255934
A & P Engineering Services (Manchester) Ltd
Notes to the Financial Statements
Year ended
31 October 2017

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
Marsland Chambers
,
1a Marsland Road
,
Sale
,
Cheshire
,
M33 3HP
, United Kingdom.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Plant and machinery
25% Reducing balance
Office equipment
25% Reducing balance
Motor vehicles
25% Reducing balance

Finance leases and hire purchase contracts

Assets held under finance leases are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset.
Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is more likely than not that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured on an undiscounted basis at the tax rates that would apply in the periods in which timing differences are expected to reverse, based on tax rates and laws enacted at the statement of financial position date.

Provision for liabilities

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

4 Average number of employees

The average number of persons employed by the company during the year was
4
(2016:
4
).

5 Tangible assets

Plant and machinery etc.
£
Cost  
At
1 November 2016
99,827
 
Additions
15,879
 
Disposals
(6,606
 )
At
31 October 2017
109,100
 
Depreciation  
At
1 November 2016
51,273
 
Charge
13,841
 
Disposals
(4,762
 )
At
31 October 2017
60,352
 
Carrying amount  
At
31 October 2017
48,748
 
At 31 October 2016
48,554
 
Included in the above are assets held under hire purchase contracts.

6 Debtors

20172016
££
Trade debtors
21,270
 
17,546
 
Other debtors
50,339
 
16,077
 
71,609
 
33,623
 

7 Creditors: amounts falling due within one year

20172016
££
Trade creditors
13,327
 
11,802
 
Taxation and social security
82,440
 
24,730
 
Other creditors
25,561
 
13,291
 
121,328
 
49,823
 
Included in other creditors are obligations under hire purchase contracts in the sum of £13,934. (2017)

8 Creditors: amounts falling due after more than one year

20172016
££
Other creditors
20,086
 
21,725
 
Included in other creditors are obligations under hire purchase contracts in the sum of £20,086. (2017)

9 Director's advances, credit and guarantees

The following advances and credits to a director subsisted during the years ended October 2017 and 31 October 2016:

J Morris
The balance outstanding at the start of 31.10.2017 was (£79) and £36,087 was advanced in the year.
The outstanding balance at the end of the year was £36,087.

The balance outstanding at the start of 31.10.2016 was £31,185 and £31,264 was repaid in the year.
The outstanding balance at the end of the year was (£79).