A & M Tech Limited - Filleted accounts

Registered number

06906387

A & M Tech Limited

Filleted Abridged Accounts

31 May 2017

A & M Tech Limited
Registered number:		06906387
Abridged Balance Sheet
as at 31 May 2017

Notes			2017			2016
£				£
Fixed assets
Tangible assets	2		43,977			48,863

Current assets
Stocks		134,283			114,758
Debtors		8,374			13,177
Cash at bank and in hand		17,210			823
		159,867			128,758

Creditors: amounts falling due within one year		(58,717)			(44,252)

Net current assets			101,150			84,506

Total assets less current liabilities			145,127			133,369

Creditors: amounts falling due after more than one year			(134,977)			(132,510)



Net assets			10,150			859

Capital and reserves
Called up share capital			100			100
Profit and loss account			10,050			759

Shareholders' funds			10,150			859

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006.




Mr O Akbar					Mr A A Mushtaq
Director					Director
Approved by the board on 27 February 2018					Approved by the board on 27 February 2018

A & M Tech Limited
Notes to the Abridged Accounts
for the year ended 31 May 2017


1	Accounting policies

	Basis of preparation
	The abridged accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	10% reducing balance method per annum


	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.


2	Tangible fixed assets
			Total
£
	Cost
	At 1 June 2016		96,666
	At 31 May 2017		96,666

	Depreciation
	At 1 June 2016		47,803
	Charge for the year		4,886
	At 31 May 2017		52,689

	Net book value
	At 31 May 2017		43,977
	At 31 May 2016		48,863


3	Other information

	A & M Tech Limited is a private company limited by shares and incorporated in England. Its registered office is:
	318-320 Walworth Road
	London
	SE17 2NA