REGISTERED NUMBER: 05359706

Unaudited Financial Statements for the Year Ended 31 July 2017

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

8,886

9,327

CURRENT ASSETS

Stocks

82,622

94,486

Debtors

5

57,964

58,448

Cash at bank

31,982

44,002

172,568

196,936

CREDITORS

Amounts falling due within one year

6

116,224

121,579

NET CURRENT ASSETS

56,344

75,357

TOTAL ASSETS LESS CURRENT LIABILITIES

65,230

84,684

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

65,228

84,682

65,230

84,684

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2017 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 30 April 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 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 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.

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 10 .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 August 2016

18,305

21,861

4,920

45,086

Additions

-

3,400

-

3,400

At 31 July 2017

18,305

25,261

4,920

48,486

DEPRECIATION

At 1 August 2016

17,562

14,152

4,045

35,759

Charge for year

743

2,777

321

3,841

At 31 July 2017

18,305

16,929

4,366

39,600

NET BOOK VALUE

At 31 July 2017

-

8,332

554

8,886

At 31 July 2016

743

7,709

875

9,327

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.17

31.7.16

£

£

Trade debtors

55,210

55,694

Prepayments

2,754

2,754

57,964

58,448

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.17

31.7.16

£

£

Trade creditors

96,299

87,860

Tax

3,040

3,772

Social security and other taxes

1,676

1,031

VAT

13,009

8,162

Directors' loan accounts

-

15,740

Accrued expenses

2,200

5,014

116,224

121,579

7.	RELATED PARTY DISCLOSURES

The company is controlled by the company director.