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Registration number: 02528478

A & M Engineering (Hull) Limited

Unaudited Abbreviated Accounts
 
for the Year Ended 30 September 2016

 

A & M Engineering (Hull) Limited

Contents

Abbreviated Balance Sheet

1

Notes to the Abbreviated Accounts

2 to 3

 

A & M Engineering (Hull) Limited

(Registration number: 02528478)
Abbreviated Balance Sheet as at 30 September 2016

Note

2016
 £

2015
 £

Fixed assets

 

Tangible assets

2,416

3,319

Current assets

 

Stocks

390

320

Debtors

58,984

59,447

Cash at bank and in hand

 

70,944

32,070

 

130,318

91,837

Creditors: Amounts falling due within one year

(55,099)

(39,407)

Net current assets

 

75,219

52,430

Net assets

 

77,635

55,749

Capital and reserves

 

Called up share capital

3

5,000

5,000

Capital redemption reserve

5,000

5,000

Profit and loss account

67,635

45,749

Shareholders' funds

77,635

55,749

For the year ending 30 September 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the director on 26 January 2017

.........................................
Mr Martin Lyon
Director

 

A & M Engineering (Hull) Limited

Notes to the Abbreviated Accounts

1

Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Exemption from preparing a cash flow statement

The accounts do not include a cash flow statement because the company, as a small reporting entity, is exempt from the requirements to prepare such a statement.

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Revenue recognition

Revenue is recognised to the extent that the company obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales tax or duty.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class

Depreciation method and rate

Long Leasehold

Straight line over 15 years

Plant and machinery

25% on reducing balance

Motor vehicles

25% on reducing balance

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Pensions

The company operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.

 

A & M Engineering (Hull) Limited

Notes to the Abbreviated Accounts

2

Fixed assets

Tangible assets
£

Total
£

Cost

At 1 October 2015

105,561

105,561

At 30 September 2016

105,561

105,561

Depreciation

At 1 October 2015

102,242

102,242

Charge for the year

903

903

At 30 September 2016

103,145

103,145

Net book value

At 30 September 2016

2,416

2,416

At 30 September 2015

3,319

3,319

3

Share capital

Allotted, called up and fully paid shares

 

2016

2015

 

No.

£

No.

£

Ordinary of £1 each

5,000

5,000

5,000

5,000

         

4

Control

The director is the controlling party by virtue of his controlling shareholding in the company.