REGISTERED NUMBER: 05124367 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 May 2017

for

AAM & Sons Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A A Mehegan

Mrs A Mehegan

REGISTERED OFFICE:

Cheeky Monkees Day Nursery

161 Durham Road

Stockton on Tees

Cleveland

TS19 0DS

REGISTERED NUMBER:

05124367 (England and Wales)

ACCOUNTANTS:

Davies Tracey

Chartered Accountants and Business Advisers

Swan House

Westpoint Road

Teesdale Business Park

Stockton on Tees

TS17 6BP

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

705,390

510,245

705,390

510,245

CURRENT ASSETS

Debtors

1,634

6,784

Cash at bank

65,042

239,461

66,676

246,245

CREDITORS

Amounts falling due within one year

128,669

162,285

NET CURRENT (LIABILITIES)/ASSETS

(61,993

)

83,960

TOTAL ASSETS LESS CURRENT LIABILITIES

643,397

594,205

CREDITORS

Amounts falling due after more than one year

6

(58,231

)

(65,447

)

PROVISIONS FOR LIABILITIES

(9,402

)

(6,111

)

NET ASSETS

575,764

522,647

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

575,762

522,645

SHAREHOLDERS' FUNDS

575,764

522,647

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 May 2017 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 13 December 2017 and were signed on its behalf by:

A A Mehegan - Director

Mrs A Mehegan - Director

1.	STATUTORY INFORMATION

AAM & Sons 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 income receivable from the provision of childcare. This is not subject to VAT.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any

accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Land and buildings

-

not provided

Plant and machinery etc

-

25 - 33% on cost, 25% on reducing balance and 15% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire

purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over

their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the

future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Government grants

Government grants received are treated as deferred credits and credited to the profit and loss account over the estimated

useful life of the relevant asset.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 60 (2016 - 54 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 June 2016

and 31 May 2017

40,000

AMORTISATION

At 1 June 2016

and 31 May 2017

40,000

NET BOOK VALUE

At 31 May 2017

-

At 31 May 2016

-

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 June 2016

609,121

Additions

220,098

Disposals

(8,739

)

At 31 May 2017

820,480

DEPRECIATION

At 1 June 2016

98,876

Charge for year

21,075

Eliminated on disposal

(4,861

)

At 31 May 2017

115,090

NET BOOK VALUE

At 31 May 2017

705,390

At 31 May 2016

510,245

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

2017

2016

£

£

Repayable by instalments

Bank loans more 5 yr by instal

12,517

19,733

7.	SECURED DEBTS

The following secured debts are included within creditors:

2017

2016

£

£

Bank loans

68,780

98,296

8.	RELATED PARTY DISCLOSURES

At the year end the company owed its directors £67,344 (2016: £56,795).

9.	OTHER FINANCIAL COMMITMENTS

Total financial commitments which are not included in the balance sheet amount to £65,100 (2016 - £80,700) relating to

amounts payable under operating leases.