REGISTERED NUMBER: 05359706

Unaudited Financial Statements for the Year Ended 31 July 2018

for

A & M Specialist Exhaust Centre Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

M P Jones

SECRETARY:

REGISTERED OFFICE:

Unit 7 The Ashely Estate

Wakefield Road

Ossett

West Yorkshire

WF5 9JD

REGISTERED NUMBER:

05359706

ACCOUNTANTS:

Horley Green Chartered Accountants

Horley Green House

Horley Green Road

Claremount

Halifax

West Yorkshire

HX3 6AS

FIXED ASSETS

Tangible assets

4

12,667

8,886

CURRENT ASSETS

Stocks

80,829

82,622

Debtors

5

56,861

57,964

Cash at bank

10,261

31,982

147,951

172,568

CREDITORS

Amounts falling due within one year

6

113,830

116,224

NET CURRENT ASSETS

34,121

56,344

TOTAL ASSETS LESS CURRENT LIABILITIES

46,788

65,230

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

46,786

65,228

46,788

65,230

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director on 1 September 2018 and were signed by:

M P Jones - Director

1.	STATUTORY INFORMATION

A & M Specialist Exhaust Centre Limited is a private company, limited by shares , registered in Not specified/Other. 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents the net amount receivable for goods supplied and services provided, excluding value added tax, except

in respect of service contracts where turnover is recognised when the company obtains the right to consideration.

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

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving

items.

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

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2017 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 August 2017

18,305

25,261

4,920

48,486

Additions

-

-

9,418

9,418

At 31 July 2018

18,305

25,261

14,338

57,904

DEPRECIATION

At 1 August 2017

18,305

16,929

4,366

39,600

Charge for year

-

2,083

3,554

5,637

At 31 July 2018

18,305

19,012

7,920

45,237

NET BOOK VALUE

At 31 July 2018

-

6,249

6,418

12,667

At 31 July 2017

-

8,332

554

8,886

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.18

31.7.17

£

£

Trade debtors

44,107

55,210

Other debtors

10,000

-

Prepayments

2,754

2,754

56,861

57,964

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.18

31.7.17

£

£

Trade creditors

96,750

96,299

Tax

-

3,040

Social security and other taxes

1,035

1,676

VAT

13,595

13,009

Accrued expenses

2,450

2,200

113,830

116,224

7.	RELATED PARTY DISCLOSURES

The company is controlled by the company director.