REGISTERED NUMBER: 04548392 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2018

FOR

A & M EDM LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M R Wingfield

M Wingfield

SECRETARY:

M Wingfield

REGISTERED OFFICE:

25 Mornington Road

Smethwick

West Midlands

B66 2JE

REGISTERED NUMBER:

04548392 (England and Wales)

ACCOUNTANTS:

Collins Chapple & Co Limited

34a Musters Road

West Bridgford

Nottingham

NG2 7PL

FIXED ASSETS

Tangible assets

4

2,305,732

2,342,886

CURRENT ASSETS

Debtors

5

1,550,278

1,000,921

Cash at bank and in hand

1,181,043

576,815

2,731,321

1,577,736

CREDITORS

Amounts falling due within one year

6

959,489

1,129,383

NET CURRENT ASSETS

1,771,832

448,353

TOTAL ASSETS LESS CURRENT LIABILITIES

4,077,564

2,791,239

CREDITORS

Amounts falling due after more than one year

7

(667,811

)

(428,084

)

ACCRUALS AND DEFERRED INCOME

(92,000

)

(172,000

)

NET ASSETS

3,317,753

2,191,155

CAPITAL AND RESERVES

Called up share capital

9

5,001

5,001

Capital redemption reserve

4,999

4,999

Retained earnings

3,307,753

2,181,155

SHAREHOLDERS' FUNDS

3,317,753

2,191,155

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 25 January 2019 and were signed on its behalf by:

M Wingfield - Director

1.	STATUTORY INFORMATION

A & M EDM 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.

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.

Freehold property

-

Straight line over 25 years

Long leasehold

-

Straight line over 25 years

Plant and machinery

-

20% on cost

Fixtures and fittings

-

20% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

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.

Government grants

Government grants are recognised at fair value when there is reasonable assurance that the company will comply

with the conditions attaching to them and the grants will be received. Grants related to purchase of assets are

treated as deferred income and allocated to income statement over the useful lives of the related assets while

grants related to expenses are treated as other income in the income statement.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 63 (2017 - 49 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Long

Plant and

property

leasehold

machinery

£

£

£

COST

At 1 October 2017

1,003,563

127,619

5,025,595

Additions

29,291

-

566,758

At 30 September 2018

1,032,854

127,619

5,592,353

DEPRECIATION

At 1 October 2017

159,552

20,420

3,856,397

Charge for year

40,142

5,105

542,997

At 30 September 2018

199,694

25,525

4,399,394

NET BOOK VALUE

At 30 September 2018

833,160

102,094

1,192,959

At 30 September 2017

844,011

107,199

1,169,198

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 October 2017

158,524

370,602

167,547

6,853,450

Additions

9,556

-

19,378

624,983

At 30 September 2018

168,080

370,602

186,925

7,478,433

DEPRECIATION

At 1 October 2017

122,337

192,085

159,773

4,510,564

Charge for year

16,005

44,664

13,224

662,137

At 30 September 2018

138,342

236,749

172,997

5,172,701

NET BOOK VALUE

At 30 September 2018

29,738

133,853

13,928

2,305,732

At 30 September 2017

36,187

178,517

7,774

2,342,886

The net book value of fixed assets held under finance leases or hire purchase contracts, included above are as

follows:

2018 2017

Plant and machinery 813,000 1,298,699

Motor vehicles 39,420 52,599

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.18

30.9.17

£

£

Trade debtors

1,512,303

965,107

Other debtors

2,190

29

Prepayments

35,785

35,785

1,550,278

1,000,921

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.18

30.9.17

£

£

Bank loans and overdrafts (see note 8)

1,217

46,850

Hire purchase contracts

283,320

358,896

Trade creditors

170,730

493,954

Tax

195,946

98

Social security and other taxes

64,493

48,222

VAT

172,214

117,198

Other creditors

9,696

10,101

Accrued expenses

61,873

54,064

959,489

1,129,383

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.18

30.9.17

£

£

Other loans (see note 8)

349,476

369,414

Hire purchase contracts

318,335

58,670

667,811

428,084

Amounts falling due in more than five years:

Repayable by instalments

Other loans more 5yrs instal

349,476

369,414

8.

LOANS

An analysis of the maturity of loans is given below:

30.9.18

30.9.17

£

£

Amounts falling due within one year or on demand:

Bank overdrafts

1,217

1,315

Bank loans

-

45,535

1,217

46,850

Amounts falling due in more than five years:

Repayable by instalments

Other loans more 5yrs instal

349,476

369,414

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.18

30.9.17

value:

£

£

5,001

Ordinary

£1

5,001

5,001

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is M R Wingfield.