REGISTERED NUMBER: 06100850 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2018

for

A&J Management Services Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J C R Griffiths

Mrs A J Griffiths

SECRETARY:

Mrs A J Griffiths

REGISTERED OFFICE:

3 Landmark House

Wirral Park Road

Glastonbury

Somerset

BA6 9FR

REGISTERED NUMBER:

06100850 (England and Wales)

BANKERS:

Lloyds TSB plc

31 Fore Street

Taunton

Somerset

TA1 1HN

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

5

172

5

172

CURRENT ASSETS

Debtors

6

123,112

228,244

Cash at bank

6,902

-

130,014

228,244

CREDITORS

Amounts falling due within one year

7

120,284

218,838

NET CURRENT ASSETS

9,730

9,406

TOTAL ASSETS LESS CURRENT LIABILITIES

9,735

9,578

ACCRUALS AND DEFERRED INCOME

-

2,170

NET ASSETS

9,735

7,408

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

9,635

7,308

SHAREHOLDERS' FUNDS

9,735

7,408

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

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

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 14 November 2018 and were signed on its behalf by:

J C R Griffiths - Director

Mrs A J Griffiths - Director

1.	STATUTORY INFORMATION

A&J Management Services 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.	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 represents net invoiced sales of services, excluding value added tax.

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.

Franchise are being amortised evenly over their estimated useful life of nil years.

Franchise

A capital sum has been paid to Driver Hire Group Services Limited in respect of a franchise agreement. That is

being written off over the 5 year period of the agreement on a straight line basis.

Tangible fixed assets

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

Equipment

-

20% on straight line basis

Computer equipment

-

33% on straight line basis

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.

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 50 (2017 - 42 ) .

4.	INTANGIBLE FIXED ASSETS

Franchise

£

COST

At 1 April 2017

and 31 March 2018

29,600

AMORTISATION

At 1 April 2017

and 31 March 2018

29,600

NET BOOK VALUE

At 31 March 2018

-

At 31 March 2017

-

5.	TANGIBLE FIXED ASSETS

Computer

Equipment

equipment

Totals

£

£

£

COST

At 1 April 2017

and 31 March 2018

918

3,088

4,006

DEPRECIATION

At 1 April 2017

918

2,916

3,834

Charge for year

-

167

167

At 31 March 2018

918

3,083

4,001

NET BOOK VALUE

At 31 March 2018

-

5

5

At 31 March 2017

-

172

172

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

119,362

224,494

Prepayments

3,750

3,750

123,112

228,244

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Bank loans and overdrafts

64,329

143,345

Trade creditors

7,726

10,246

Tax

10,130

8,848

Social security and other taxes

35,143

53,930

Directors' current accounts

746

259

Accrued expenses

2,210

2,210

120,284

218,838

8.	SECURED DEBTS

The following secured debts are included within creditors:

2018

2017

£

£

Bank overdrafts

64,329

143,345

The company's factoring arrangements are secured by a debenture dated 4 May 2007 creating a fixed and

floating charge over the company's present and future assets.

The bank loan and overdraft facility are secured by a personal guarantee of up to £55,000 from the directors.