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A & M Motorcycles Ltd

Financial Statements for the Year Ended 30 September 2017






A & M Motorcycles Ltd (Registered number: 04970983)






Contents of the Financial Statements
for the year ended 30 September 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


A & M Motorcycles Ltd

Company Information
for the year ended 30 September 2017







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

A & M Motorcycles Ltd (Registered number: 04970983)

Balance Sheet
30 September 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 256,060 258,989
256,060 258,989

CURRENT ASSETS
Stocks 274,323 208,306
Debtors 6 25,102 21,550
Cash at bank and in hand 158,558 196,676
457,983 426,532
CREDITORS
Amounts falling due within one year 7 140,438 202,130
NET CURRENT ASSETS 317,545 224,402
TOTAL ASSETS LESS CURRENT
LIABILITIES

573,605

483,391

CAPITAL AND RESERVES
Called up share capital 5 5
Revaluation reserve 8 (1,858 ) (1,858 )
Retained earnings 575,458 485,244
SHAREHOLDERS' FUNDS 573,605 483,391

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

A & M Motorcycles Ltd (Registered number: 04970983)

Balance Sheet - continued
30 September 2017


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 26 April 2018 and were signed on its
behalf by:





Mr S Oates - Director


A & M Motorcycles Ltd (Registered number: 04970983)

Notes to the Financial Statements
for the year ended 30 September 2017

1. STATUTORY INFORMATION

A & M Motorcycles Ltd 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. 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding
discounts, rebates, value added tax and other sales taxes.

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.

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.
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.

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 6 .

A & M Motorcycles Ltd (Registered number: 04970983)

Notes to the Financial Statements - continued
for the year ended 30 September 2017

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2016
and 30 September 2017 11,250
AMORTISATION
At 1 October 2016
and 30 September 2017 11,250
NET BOOK VALUE
At 30 September 2017 -
At 30 September 2016 -

5. TANGIBLE FIXED ASSETS
Fixtures
Long Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 October 2016 249,000 41,343 500
Additions - - 128
At 30 September 2017 249,000 41,343 628
DEPRECIATION
At 1 October 2016 - 36,975 342
Charge for year - 970 71
At 30 September 2017 - 37,945 413
NET BOOK VALUE
At 30 September 2017 249,000 3,398 215
At 30 September 2016 249,000 4,368 158

A & M Motorcycles Ltd (Registered number: 04970983)

Notes to the Financial Statements - continued
for the year ended 30 September 2017

5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 October 2016 18,820 371 310,034
Additions - - 128
At 30 September 2017 18,820 371 310,162
DEPRECIATION
At 1 October 2016 13,357 371 51,045
Charge for year 2,016 - 3,057
At 30 September 2017 15,373 371 54,102
NET BOOK VALUE
At 30 September 2017 3,447 - 256,060
At 30 September 2016 5,463 - 258,989

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade debtors 25,102 14,243
Amounts owed by associates - 6,732
Other debtors - 575
25,102 21,550

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Hire purchase contracts - 2,734
Trade creditors 43,312 49,050
Corporation tax 30,868 39,828
PAYE 518 2,190
VAT 12,185 19,183
Loan - P Oates 10,207 24,607
Directors' current accounts 41,698 60,898
Accrued expenses 1,650 3,640
140,438 202,130

8. RESERVES
Revaluation
reserve
£   
At 1 October 2016
and 30 September 2017 (1,858 )