REGISTERED NUMBER: 04662631 (England and Wales)

Unaudited Financial Statements for the Year Ended 28 February 2018

for

A & M Building Maintenance Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

I D Pike

SECRETARY:

Mrs H K Pike

REGISTERED OFFICE:

Unit 6

Trench Lock 2

Somerfeld Road, Trench

Telford

Shropshire

TF1 5SW

REGISTERED NUMBER:

04662631 (England and Wales)

ACCOUNTANTS:

Phillips Ltd

Chartered Accountants

Kingsland House

Stafford Court

Stafford Park 1

Telford

TF3 3BD

FIXED ASSETS

Intangible assets

4

4,500

5,250

Tangible assets

5

-

3,595

4,500

8,845

CURRENT ASSETS

Stocks

350

460

Debtors

6

11,484

6,001

Cash at bank

600

3,475

12,434

9,936

CREDITORS

Amounts falling due within one year

7

16,446

14,739

NET CURRENT LIABILITIES

(4,012

)

(4,803

)

TOTAL ASSETS LESS CURRENT LIABILITIES

488

4,042

CREDITORS

Amounts falling due after more than one year

8

(390

)

(3,165

)

PROVISIONS FOR LIABILITIES

-

(719

)

NET ASSETS

98

158

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

97

157

SHAREHOLDERS' FUNDS

98

158

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 3 October 2018 and were signed by:

I D Pike - Director

1.	STATUTORY INFORMATION

A & M Building Maintenance Ltd 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of twenty 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.

Motor vehicles

-

25% on cost

Computer equipment

-

33% on cost

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

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2017 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 March 2017

and 28 February 2018

15,000

AMORTISATION

At 1 March 2017

9,750

Charge for year

750

At 28 February 2018

10,500

NET BOOK VALUE

At 28 February 2018

4,500

At 28 February 2017

5,250

5.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 March 2017

and 28 February 2018

489

14,764

1,801

17,054

DEPRECIATION

At 1 March 2017

489

11,169

1,801

13,459

Charge for year

-

3,595

-

3,595

At 28 February 2018

489

14,764

1,801

17,054

NET BOOK VALUE

At 28 February 2018

-

-

-

-

At 28 February 2017

-

3,595

-

3,595

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 March 2017

and 28 February 2018

14,379

DEPRECIATION

At 1 March 2017

10,784

Charge for year

3,595

At 28 February 2018

14,379

NET BOOK VALUE

At 28 February 2018

-

At 28 February 2017

3,595

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.18

28.2.17

£

£

Trade debtors

6,888

2,933

Directors' current accounts

4,343

2,508

Prepayments

253

560

11,484

6,001

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.18

28.2.17

£

£

Bank loans and overdrafts

3,241

-

Hire purchase contracts

2,775

2,775

Trade creditors

5,440

5,615

Tax

2,728

3,302

Social security and other taxes

1,487

2,287

Accrued expenses

775

760

16,446

14,739

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28.2.18

28.2.17

£

£

Hire purchase contracts

390

3,165