REGISTERED NUMBER: 03768027 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2018

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

5

60,974

66,365

CURRENT ASSETS

Stocks

25,000

69,691

Debtors

133,174

143,110

Cash at bank

130,141

115,120

288,315

327,921

CREDITORS

Amounts falling due within one year

106,501

157,193

NET CURRENT ASSETS

181,814

170,728

TOTAL ASSETS LESS CURRENT LIABILITIES

242,788

237,093

PROVISIONS FOR LIABILITIES

7,329

11,403

NET ASSETS

235,459

225,690

CAPITAL AND RESERVES

Called up share capital

100

2

Retained earnings

235,359

225,688

SHAREHOLDERS' FUNDS

235,459

225,690

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2018 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 2018 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 6 December 2018 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.	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.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2017 - 14 ) .

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 June 2017

156,547

Additions

33,842

Disposals

(42,617

)

At 31 May 2018

147,772

DEPRECIATION

At 1 June 2017

90,182

Charge for year

19,926

Eliminated on disposal

(23,310

)

At 31 May 2018

86,798

NET BOOK VALUE

At 31 May 2018

60,974

At 31 May 2017

66,365

6.	SECURED DEBTS

The following secured debts are included within creditors:

2018

2017

£

£

Bank overdrafts

31,972

96,192

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.

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 May 2018 and 31 May 2017:

2018

2017

£

£

A J May

Balance outstanding at start of year

5,007

1,912

Amounts advanced

540

3,095

Amounts repaid

(5,600

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(53

)

5,007

J R Smith

Balance outstanding at start of year

3,905

(2,514

)

Amounts advanced

26,156

6,419

Amounts repaid

(30,650

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(589

)

3,905

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 (2017 - £8,500).

9.	ULTIMATE CONTROLLING PARTY

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