A & M Motorcycles Ltd

Abbreviated Accounts for the Year Ended 30 September 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr S Oates

Mr D Oates

REGISTERED OFFICE:

No 1 Diamond Industrial Centre

Works Road

Letchworth

Hertfordshire

SG6 1LW

REGISTERED NUMBER:

04970983 (England and Wales)

ACCOUNTANTS:

Hargreaves Owen Ltd

Chartered Certified Accountants

Red Sky House

Fairclough Hall

Halls Green, Weston

Hertfordshire

SG4 7DP

FIXED ASSETS

Intangible assets

2

-

Tangible assets

3

258,989

263,170

258,989

263,170

CURRENT ASSETS

Stocks

208,306

203,398

Debtors

21,550

10,436

Cash at bank and in hand

196,676

161,496

426,532

375,330

CREDITORS

Amounts falling due within one year

202,130

277,708

NET CURRENT ASSETS

224,402

97,622

TOTAL ASSETS LESS CURRENT
LIABILITIES

483,391

360,792

CREDITORS

Amounts falling due after more than one
year

-

2,734

NET ASSETS

483,391

358,058

CAPITAL AND RESERVES

Called up share capital

4

5

Revaluation reserve

(1,858

)

(1,858

)

Profit and loss account

485,244

359,911

SHAREHOLDERS' FUNDS

483,391

358,058

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2016 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 19 May 2017 and were signed on its
behalf by:

Mr S Oates - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention as modified by the

revaluation of certain assets and in accordance with the Financial Reporting Standard for Smaller

Entities (effective January 2015).

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

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

Long leasehold

-

not provided

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

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.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2015

and 30 September 2016

11,250

AMORTISATION

At 1 October 2015

and 30 September 2016

11,250

NET BOOK VALUE

At 30 September 2016

-

At 30 September 2015

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2015

309,546

Additions

488

At 30 September 2016

310,034

DEPRECIATION

At 1 October 2015

46,376

Charge for year

4,669

At 30 September 2016

51,045

NET BOOK VALUE

At 30 September 2016

258,989

At 30 September 2015

263,170

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

5

Ordinary shares

£1

5