REGISTERED NUMBER: 06271390 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2017

for

A&E Systems Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M Abd. Majid

A G Haycox

SECRETARY:

A G Haycox

REGISTERED OFFICE:

3 Charles Wood Rd

Rashes Green

Dereham

Norfolk

NR19 1SX

REGISTERED NUMBER:

06271390 (England and Wales)

ACCOUNTANTS:

Waveney Accountants Ltd

t/a Newman & Co

4b Church Street

Diss

Norfolk

IP22 4DD

FIXED ASSETS

Intangible assets

5

200,000

200,000

Tangible assets

6

580

773

200,580

200,773

CURRENT ASSETS

Stocks

-

40,470

Debtors

7

257,883

288,437

Cash at bank and in hand

355

11,960

258,238

340,867

CREDITORS

Amounts falling due within one year

8

448,614

417,271

NET CURRENT LIABILITIES

(190,376

)

(76,404

)

TOTAL ASSETS LESS CURRENT LIABILITIES

10,204

124,369

CREDITORS

Amounts falling due after more than one year

9

1,288,834

1,289,079

NET LIABILITIES

(1,278,630

)

(1,164,710

)

CAPITAL AND RESERVES

Called up share capital

200,000

200,000

Retained earnings

(1,478,630

)

(1,364,710

)

SHAREHOLDERS' FUNDS

(1,278,630

)

(1,164,710

)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 28 September 2018 and were signed on its behalf by:

A G Haycox - Director

1.	STATUTORY INFORMATION

A&E Systems 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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.

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.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% 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.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2016 - 4 ) .

5.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2017

and 31 December 2017

200,000

NET BOOK VALUE

At 31 December 2017

200,000

At 31 December 2016

200,000

6.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 January 2017

and 31 December 2017

1,099

DEPRECIATION

At 1 January 2017

326

Charge for year

193

At 31 December 2017

519

NET BOOK VALUE

At 31 December 2017

580

At 31 December 2016

773

7.

DEBTORS

31.12.17

31.12.16

£

£

Amounts falling due within one year:

Trade debtors

42,212

72,766

Other debtors

15,591

15,591

57,803

88,357

Amounts falling due after more than one year:

Amounts owed by group undertakings

200,080

200,080

Aggregate amounts

257,883

288,437

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.12.16

£

£

Bank loans and overdrafts

15,693

15,693

Payments on account

70,307

70,307

Trade creditors

81,193

68,047

Taxation and social security

199,995

179,967

Other creditors

81,426

83,257

448,614

417,271

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.17

31.12.16

£

£

Other creditors

1,288,834

1,289,079

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The company entered into various transactions on an arms length basis with other companies which share

common directors and/or ownership during the period .

11.

CONTROL

The company is controlled by its shareholders.

The shareholders have indicated that they will continue to support the company.