A & J Services (Southern) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 03768027 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2017

FOR

A & J SERVICES (SOUTHERN) LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J R Smith

A J May

SECRETARY:

J R Smith

REGISTERED OFFICE:

2 The Links

HERNE BAY

Kent

CT6 7GQ

BUSINESS ADDRESS:

Unit 31

Joseph Wilson Industrial Estate

Millstrood Road

WHITSTABLE

Kent

CT5 3PS

REGISTERED NUMBER:

03768027 (England and Wales)

ACCOUNTANTS:

McCabe Ford Williams

Chartered Accountants

2 The Links

HERNE BAY

Kent

CT6 7GQ

FIXED ASSETS

Tangible assets

4

66,365

62,056

CURRENT ASSETS

Stocks

69,691

23,351

Debtors

143,110

284,655

Cash at bank and in hand

115,120

263,349

327,921

571,355

CREDITORS

Amounts falling due within one year

157,193

262,626

NET CURRENT ASSETS

170,728

308,729

TOTAL ASSETS LESS CURRENT
LIABILITIES

237,093

370,785

PROVISIONS FOR LIABILITIES

11,403

11,031

NET ASSETS

225,690

359,754

CAPITAL AND RESERVES

Called up share capital

6

2

Retained earnings

225,688

359,752

SHAREHOLDERS' FUNDS

225,690

359,754

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2017 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 May 2017 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 21 December 2017 and were signed on its behalf by:

A J May - Director

1.	STATUTORY INFORMATION

A & J Services (Southern) 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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

-

25% on reducing balance

Fixtures and fittings

-

25% on a straight line basis

Motor vehicles

-

25% on reducing balance

Office equipment

-

15% 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 14 .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 June 2016

130,557

Additions

25,990

At 31 May 2017

156,547

DEPRECIATION

At 1 June 2016

68,501

Charge for year

21,681

At 31 May 2017

90,182

NET BOOK VALUE

At 31 May 2017

66,365

At 31 May 2016

62,056

5.	SECURED DEBTS

The following secured debts are included within creditors:

2017

2016

£

Bank overdrafts

96,192

37,313

The bank has a fixed and floating charge over all the company`s assets, and also holds personal guarantees for

£80,000 from the Directors.

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

2

Ordinary

£1

2

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 May 2017 and 31 May 2016:

2017

2016

£

A J May

Balance outstanding at start of year

1,912

4,938

Amounts advanced

3,095

27,874

Amounts repaid

-

(30,900

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

5,007

1,912

J R Smith

Balance outstanding at start of year

(2,514

)

22,274

Amounts advanced

6,419

31,685

Amounts repaid

-

(56,473

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

3,905

(2,514

)

The loans are interest free and repayable on demand.

8.	RELATED PARTY DISCLOSURES

The company's directors jointly own the premises from which the company operates, and received £8,500 in rent

from the company during the year (2016 - £9,000).

9.	ULTIMATE CONTROLLING PARTY

The Directors are the ultimate controlling party by virtue of their 100% shareholding.