A & J Green Engineering Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 00659294 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2017

for

A & J Green Engineering Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

A M Green

SECRETARY:

Mrs A Green

REGISTERED OFFICE:

Unit 12

Enfield Industrial Estate

Redditch

B97 6BG

REGISTERED NUMBER:

00659294 (England and Wales)

ACCOUNTANTS:

Trio Accountancy Services Ltd

19 Rodney Road

Cheltenham

Gloucestershire

GL50 1HX

FIXED ASSETS

Intangible assets

4

75,000

90,000

Tangible assets

5

1,036,204

1,042,326

1,111,204

1,132,326

CURRENT ASSETS

Stocks

5,000

Debtors

6

113,986

136,297

Cash at bank

502,712

422,564

621,698

563,861

CREDITORS

Amounts falling due within one year

7

183,806

252,453

NET CURRENT ASSETS

437,892

311,408

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,549,096

1,443,734

CAPITAL AND RESERVES

Called up share capital

1,500

Capital redemption reserve

223

Retained earnings

1,547,373

1,442,011

SHAREHOLDERS' FUNDS

1,549,096

1,443,734

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 6 December 2017 and were signed by:

A M Green - Director

1.	STATUTORY INFORMATION

A & J Green Engineering 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.

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 2012, 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.

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2016

and 31 March 2017

150,000

AMORTISATION

At 1 April 2016

60,000

Charge for year

15,000

At 31 March 2017

75,000

NET BOOK VALUE

At 31 March 2017

75,000

At 31 March 2016

90,000

5.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Plant and

property

machinery

£

COST

At 1 April 2016

853,760

147,663

126,360

Additions

-

2,221

At 31 March 2017

853,760

147,663

128,581

DEPRECIATION

At 1 April 2016

340

-

109,292

Charge for year

-

2,893

At 31 March 2017

340

-

112,185

NET BOOK VALUE

At 31 March 2017

853,420

147,663

16,396

At 31 March 2016

853,420

147,663

17,068

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

COST

At 1 April 2016

44,649

44,138

6,007

1,222,577

Additions

-

275

2,496

At 31 March 2017

44,649

44,138

6,282

1,225,073

DEPRECIATION

At 1 April 2016

40,776

25,859

3,984

180,251

Charge for year

581

4,570

574

8,618

At 31 March 2017

41,357

30,429

4,558

188,869

NET BOOK VALUE

At 31 March 2017

3,292

13,709

1,724

1,036,204

At 31 March 2016

3,873

18,279

2,023

1,042,326

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

Trade debtors

113,986

136,297

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

Trade creditors

23,126

43,392

Tax

37,236

30,385

Social security and other taxes

1,254

2,307

VAT

11,029

12,786

Directors' current accounts

109,511

161,933

Accrued expenses

1,650

183,806

252,453

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is A M Green.