REGISTERED NUMBER: 05103667 (England and Wales)

AAMREILLY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH APRIL 2018

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

to

5

DIRECTOR:

A Reilly

SECRETARY:

Mrs A M Reilly

REGISTERED OFFICE:

20 Eversley Road

Bexhill-on-Sea

East Sussex

TN40 1HE

REGISTERED NUMBER:

05103667 (England and Wales)

ACCOUNTANTS:

Gibbons Mannington & Phipps LLP

Chartered Accountants

20 Eversley Road

Bexhill-on-Sea

East Sussex

TN40 1HE

FIXED ASSETS

Tangible assets

4

22

33

CURRENT ASSETS

Debtors

5

98,684

46,506

CREDITORS

Amounts falling due within one year

6

91,908

46,132

NET CURRENT ASSETS

6,776

374

TOTAL ASSETS LESS CURRENT LIABILITIES

6,798

407

CREDITORS

Amounts falling due after more than one year

7

5,637

-

NET ASSETS

1,161

407

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

9

1,061

307

SHAREHOLDERS' FUNDS

1,161

407

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 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 28th February 2019 and were signed by:

A Reilly - Director

1.	STATUTORY INFORMATION

aamreilly 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.

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

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

discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Computer equipment

-

33% 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.

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 1 (2017 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1st May 2017

and 30th April 2018

1,625

DEPRECIATION

At 1st May 2017

1,592

Charge for year

11

At 30th April 2018

1,603

NET BOOK VALUE

At 30th April 2018

22

At 30th April 2017

33

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

12,644

13,168

Amounts recoverable on contract

2,000

2,000

Directors' current accounts

63,427

31,338

Tax

20,613

-

98,684

46,506

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Bank loans and overdrafts

17,319

17,438

Tax

57,754

17,304

Social security and other taxes

2,163

1,508

VAT

9,692

5,082

Accrued expenses

4,980

4,800

91,908

46,132

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2018

2017

£

£

Bank loans - 1-2 years

3,467

-

Bank loans - 2-5 years

2,170

-

5,637

-

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

£

100

Ordinary

£1

100

100

9.

RESERVES

Retained

earnings

£

At 1st May 2017

307

Profit for the year

84,254

Dividends

(83,500

)

At 30th April 2018

1,061

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended

30th April 2018 and 30th April 2017:

2018

2017

£

£

A Reilly

Balance outstanding at start of year

31,338

30,118

Amounts advanced

63,427

31,338

Amounts repaid

(31,338

)

(30,118

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

63,427

31,338

The director has an overdrawn current account. Interest was charged at 2.5% on the average

balance, and which was repayable on demand. At 30th April 2018 the amount due from the

director was £63,426.55 (2017 - £31,338.64).