REGISTERED NUMBER: 06042843 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 January 2017

for

A A Silencers Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S L Grocott

T Grocott

A M Grocott

J T A Z Grocott

SECRETARY:

S L Grocott

REGISTERED OFFICE:

Grosvenor Garage

Tean Road

Cheadle

Stoke-on-Trent

Staffordshire

ST10 1LQ

REGISTERED NUMBER:

06042843 (England and Wales)

FIXED ASSETS

Intangible assets

4

-

3,600

Tangible assets

5

285,444

293,493

285,444

297,093

CURRENT ASSETS

Stocks

6

24,000

22,500

Debtors

7

38,905

31,790

Cash at bank and in hand

27,836

30,714

90,741

85,004

CREDITORS

Amounts falling due within one year

8

253,644

225,122

NET CURRENT LIABILITIES

(162,903

)

(140,118

)

TOTAL ASSETS LESS CURRENT LIABILITIES

122,541

156,975

CREDITORS

Amounts falling due after more than one year

9

(59,733

)

(75,003

)

PROVISIONS FOR LIABILITIES

(32,247

)

(33,857

)

NET ASSETS

30,561

48,115

CAPITAL AND RESERVES

Called up share capital

300

300

Retained earnings

30,261

47,815

SHAREHOLDERS' FUNDS

30,561

48,115

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 15 May 2017 and were signed on its behalf by:

S L Grocott - Director

J T A Z Grocott - Director

1.	STATUTORY INFORMATION

A A Silencers 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.

These financial statements for the year ended 31st January 2017 are the first financial statements that comply

with section 1A "Small Entities" of FRS 102. The date of transition is 1st February 2016. There are no transition

adjustments.

Turnover

Turnover represents net invoiced sales of goods and services, excluding value added tax.

Revenue is recognised as the company becomes entitled to consideration for the goods and services supplied.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of ten 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property

-

NIL % per annum

Improvements to property

-

15% on reducing balance

Tools and equipment

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% 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 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 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those

held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance

leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital

element of the future payments is treated as a liability.

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 16 (2016 - 15 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 February 2016

and 31 January 2017

36,000

AMORTISATION

At 1 February 2016

32,400

Amortisation for year

3,600

At 31 January 2017

36,000

NET BOOK VALUE

At 31 January 2017

-

At 31 January 2016

3,600

5.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Tools and

property

property

equipment

£

£

£

COST

At 1 February 2016

124,208

117,807

127,724

Additions

-

7,694

13,423

At 31 January 2017

124,208

125,501

141,147

DEPRECIATION

At 1 February 2016

-

57,854

52,398

Charge for year

-

10,147

13,312

At 31 January 2017

-

68,001

65,710

NET BOOK VALUE

At 31 January 2017

124,208

57,500

75,437

At 31 January 2016

124,208

59,953

75,326

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 February 2016

28,326

39,713

10,773

448,551

Additions

130

-

2,618

23,865

At 31 January 2017

28,456

39,713

13,391

472,416

DEPRECIATION

At 1 February 2016

16,830

19,957

8,019

155,058

Charge for year

1,744

4,939

1,772

31,914

At 31 January 2017

18,574

24,896

9,791

186,972

NET BOOK VALUE

At 31 January 2017

9,882

14,817

3,600

285,444

At 31 January 2016

11,496

19,756

2,754

293,493

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Tools and

Motor

equipment

vehicles

Totals

£

£

£

COST

At 1 February 2016

and 31 January 2017

33,070

15,195

48,265

DEPRECIATION

At 1 February 2016

4,961

3,799

8,760

Charge for year

4,216

2,849

7,065

At 31 January 2017

9,177

6,648

15,825

NET BOOK VALUE

At 31 January 2017

23,893

8,547

32,440

At 31 January 2016

28,109

11,396

39,505

6.

STOCKS

2017

2016

£

£

Stocks

24,000

22,500

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

12,905

8,504

Other debtors

26,000

23,286

38,905

31,790

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Bank loans and overdrafts

6,397

8,207

Hire purchase contracts

9,629

9,629

Trade creditors

71,994

94,663

Taxation and social security

68,977

42,561

Other creditors

96,647

70,062

253,644

225,122

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Bank loans

34,759

40,015

Hire purchase contracts

24,974

34,988

59,733

75,003

10.	SECURED DEBTS

The following secured debts are included within creditors:

2017

2016

£

£

Bank loans

41,156

48,222

Hire purchase contracts

34,603

44,617

75,759

92,839

The bank loan and hire purchase are secured by way of a fixed and floating charge over all property and assets

within the company.

11.	RELATED PARTY DISCLOSURES

12.	ULTIMATE CONTROLLING PARTY