REGISTERED NUMBER: 04620781 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2017

FOR

A & J MUIR LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr A D Muir

Mrs J A Muir

SECRETARY:

Mrs J A Muir

REGISTERED OFFICE:

25 Gordon Road

Chelmsford

Essex

CM2 9LL

REGISTERED NUMBER:

04620781 (England and Wales)

ACCOUNTANTS:

Falcon Accountants

Falcon House

3 King Street

Castle Hedingham

Halstead

Essex

CO9 3ER

FIXED ASSETS

16,500

Intangible assets

4

13,750

878

Tangible assets

5

1,275

17,378

15,025

CURRENT ASSETS

53,144

Debtors

6

63,028

CREDITORS

69,931

Amounts falling due within one year

7

77,497

(16,787

)

NET CURRENT LIABILITIES

(14,469

)

591

TOTAL ASSETS LESS CURRENT LIABILITIES

556

CAPITAL AND RESERVES

100

Called up share capital

100

491

Retained earnings

456

591

SHAREHOLDERS' FUNDS

556

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

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 12 June 2018 and were signed on its behalf by:

Mr A D Muir - Director

1.	STATUTORY INFORMATION

A & J Muir 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2002, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

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 etc

-

25% on reducing balance

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2016 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2017

and 31 December 2017

55,000

AMORTISATION

At 1 January 2017

38,500

Charge for year

2,750

At 31 December 2017

41,250

NET BOOK VALUE

At 31 December 2017

13,750

At 31 December 2016

16,500

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2017

7,829

Additions

829

At 31 December 2017

8,658

DEPRECIATION

At 1 January 2017

6,951

Charge for year

432

At 31 December 2017

7,383

NET BOOK VALUE

At 31 December 2017

1,275

At 31 December 2016

878

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.12.16

£

£

Trade debtors

14,410

-

Other debtors

48,618

53,144

63,028

53,144

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.12.16

£

£

Bank loans and overdrafts

29,986

28,428

Trade creditors

25,705

10,242

Taxation and social security

17,940

26,205

Other creditors

3,866

5,056

77,497

69,931