REGISTERED NUMBER: SC263000 (Scotland)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018

FOR

A&E CONTROLS LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr F Eadie

Mr A D Borland

Mr G A Moodie

REGISTERED OFFICE:

Unit 10a Newhailes Business Park

Newhailes Road

Musselburgh

EH21 6RH

REGISTERED NUMBER:

SC263000 (Scotland)

ACCOUNTANTS:

James Fraser & Co.

Chartered Accountants

3 Coates Place

Edinburgh

EH3 7AA

FIXED ASSETS

Tangible assets

4

14,772

19,352

CURRENT ASSETS

Debtors

91,473

114,228

Cash at bank

50,076

64,119

141,549

178,347

CREDITORS

Amounts falling due within one year

69,506

122,954

NET CURRENT ASSETS

72,043

55,393

TOTAL ASSETS LESS CURRENT LIABILITIES

86,815

74,745

PROVISIONS FOR LIABILITIES

2,807

3,677

NET ASSETS

84,008

71,068

CAPITAL AND RESERVES

Called up share capital

100

2

Retained earnings

83,908

71,066

84,008

71,068

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2018 in accordance with Section 444(2A) of the Companies Act 2006.

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 20 December 2018 and were signed on its behalf by:

Mr F Eadie - Director

1.	STATUTORY INFORMATION

A&E Controls Limited is a private company, limited by shares , registered in Scotland. 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.

Plant and machinery

-

20% straight line

Fixtures and fittings

-

20% straight line

Motor vehicles

-

20% straight line

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.

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 (2017 - 12 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2017

55,979

Additions

3,230

At 31 March 2018

59,209

DEPRECIATION

At 1 April 2017

36,627

Charge for year

7,810

At 31 March 2018

44,437

NET BOOK VALUE

At 31 March 2018

14,772

At 31 March 2017

19,352

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2018 and

31 March 2017:

2018

2017

£

£

Mr A Eadie and Mrs E R Eadie

Balance outstanding at start of year

(22,000

)

-

Amounts advanced

22,000

-

Amounts repaid

-

(22,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

(22,000

)