A and J Finance Limited - Accounts to registrar

REGISTERED NUMBER: 04926620 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2017

FOR

A AND J FINANCE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J C England

Ms A J Mason

REGISTERED OFFICE:

Rutherford House

2 Upton Street

Hull

HU8 7DA

REGISTERED NUMBER:

04926620 (England and Wales)

ACCOUNTANTS:

Sowerby FRS LLP

Chartered Accountants

Beckside Court

Annie Reed Road

Beverley

East Yorkshire

HU17 0LF

FIXED ASSETS

Tangible assets

4

23,704

21,813

CURRENT ASSETS

Debtors

5

2,897

4,984

Cash at bank

19,658

32,081

22,555

37,065

CREDITORS

Amounts falling due within one year

6

3,855

6,896

NET CURRENT ASSETS

18,700

30,169

TOTAL ASSETS LESS CURRENT
LIABILITIES

42,404

51,982

PROVISIONS FOR LIABILITIES

4,741

4,363

NET ASSETS

37,663

47,619

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

37,563

47,519

SHAREHOLDERS' FUNDS

37,663

47,619

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors on 5 June 2017 and were signed on its behalf by:

Ms A J Mason - Director

1.	STATUTORY INFORMATION

A & J Finance Limited is a private company, limited by shares, registered in England. The company's registered

number is 04926620 and registered place of business is at Rutherford House, 2 Upton Street, Hull, HU8 7DA.

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

The principal activity of the company is the renting and leasing of machinery and equipment.

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.

Having regard to liquidity risk, current market conditions and other factors affecting the company, the use of the

going concern basis of accounting is appropriate as, in the opinion of the directors, there are no material

uncertainties related to events or conditions that may cast significant doubt about the ability of the company to

continue as a going concern.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Turnover is the amount derived from ordinary activities, measured at the fair value of the consideration received

or receivable. Turnover excludes value added tax and trade discounts.

Turnover from the sale of goods is recognised at the point of sale.

Turnover from services is recognised on completion of service, or when those services span the year end date, by

reference to the stage of completion at the balance sheet date.

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

-

20% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account,

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 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 2 (2016 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 March 2016

39,482

Additions

7,973

At 28 February 2017

47,455

DEPRECIATION

At 1 March 2016

17,669

Charge for year

6,082

At 28 February 2017

23,751

NET BOOK VALUE

At 28 February 2017

23,704

At 29 February 2016

21,813

Other debtors have been reclassified as fixed assets to properly reflect the nature of the company.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

Trade debtors

2,897

4,984

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

Taxation and social security

3,355

6,396

Other creditors

500

3,855

6,896

7.	ULTIMATE CONTROLLING PARTY

The controlling party is Ms A J Mason.