A & M Kitchen and Joinery Installations Limited

Registered number

05942240

Filleted Accounts

30 September 2018

A & M Kitchen and Joinery Installations Limited
Registered number:		05942240
Balance Sheet
as at 30 September 2018

Notes			2018			2017
£				£
Fixed assets
Tangible assets	3		7,012			9,350

Current assets
Stocks		500			500
Debtors	4	715			2,813
Cash at bank and in hand		6,341			17,951
		7,556			21,264

Creditors: amounts falling due within one year	5	(12,976)			(25,717)

Net current liabilities			(5,420)			(4,453)

Net assets			1,592			4,897

Capital and reserves
Called up share capital			2			2
Profit and loss account			1,590			4,895

Shareholders' funds			1,592			4,897


continued…
continued…

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




A Brookes
Director
Approved by the board on 11 December 2018

A & M Kitchen and Joinery Installations Limited
Notes to the Accounts
for the year ended 30 September 2018


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	25% reducing balance
	Motor vehicles	25% reducing balance

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


2	Employees			2018		2017
Number					Number

	Average number of persons employed by the company			2		2


3	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 October 2017	1,897		16,470		18,367
	At 30 September 2018	1,897		16,470		18,367

	Depreciation
	At 1 October 2017	1,818		7,199		9,017
	Charge for the year	20		2,318		2,338
	At 30 September 2018	1,838		9,517		11,355

	Net book value
	At 30 September 2018	59		6,953		7,012
	At 30 September 2017	79		9,271		9,350


4	Debtors			2018		2017
£					£

	Trade debtors			715		-
	Other debtors			-		2,813
				715		2,813


5	Creditors: amounts falling due within one year			2018		2017
£					£

	Trade creditors			2,389		3,433
	Taxation and social security costs			7,835		10,563
	Other creditors			2,752		11,721
				12,976		25,717


6	Other information

	A & M Kitchen and Joinery Installations Limited is a private company limited by shares and incorporated in England. Its registered office is:
	14 Grasmere Grove
	Stourport-On-Severn
	Worcestershire
	DY13 8JT