REGISTERED NUMBER: 05753277 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2018

FOR

A. GROOM ENGINEERING LTD

Page

Company Information

1

Statement of Financial Position

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTOR:

Mr A Groom

REGISTERED OFFICE:

The Oaks

15 Evesham Road

Cookhill

Alcester

Warwickshire

B49 5LL

REGISTERED NUMBER:

05753277 (England and Wales)

ACCOUNTANTS:

NJR Accountancy Services Limited

14 Victoria Square

Droitwich Spa

Worcestershire

WR9 8DS

FIXED ASSETS

Intangible assets

4

-

-

Property, plant and equipment

5

51,593

41,889

Investment property

6

488,424

488,424

540,017

530,313

CURRENT ASSETS

Inventories

57,703

45,238

Debtors

7

222,851

109,857

Cash at bank

705,766

652,381

986,320

807,476

CREDITORS

Amounts falling due within one year

8

171,811

146,975

NET CURRENT ASSETS

814,509

660,501

TOTAL ASSETS LESS CURRENT LIABILITIES

1,354,526

1,190,814

CREDITORS

Amounts falling due after more than one year

9

(15,291

)

-

PROVISIONS FOR LIABILITIES

(9,803

)

(8,378

)

NET ASSETS

1,329,432

1,182,436

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

1,329,430

1,182,434

SHAREHOLDERS' FUNDS

1,329,432

1,182,436

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2018 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 9th May 2018 and were signed by:

Mr A Groom - Director

1.	STATUTORY INFORMATION

A. Groom 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

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts,

rebates, value added tax and other sales taxes.

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.

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes

in fair value is recognised in profit or loss.

Stocks

Inventories 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

statement of financial position 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 3 (2017 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st April 2017

and 31st March 2018

34,000

AMORTISATION

At 1st April 2017

and 31st March 2018

34,000

NET BOOK VALUE

At 31st March 2018

-

At 31st March 2017

-

5.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1st April 2017

5,765

83,795

5,445

95,005

Additions

4,000

35,531

-

39,531

Disposals

-

(29,935

)

-

(29,935

)

At 31st March 2018

9,765

89,391

5,445

104,601

DEPRECIATION

At 1st April 2017

5,334

43,369

4,413

53,116

Charge for year

1,108

15,832

258

17,198

Eliminated on disposal

-

(17,306

)

-

(17,306

)

At 31st March 2018

6,442

41,895

4,671

53,008

NET BOOK VALUE

At 31st March 2018

3,323

47,496

774

51,593

At 31st March 2017

431

40,426

1,032

41,889

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st April 2017

and 31st March 2018

488,424

NET BOOK VALUE

At 31st March 2018

488,424

At 31st March 2017

488,424

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Trade debtors

217,779

109,857

Other debtors

5,072

-

222,851

109,857

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Hire purchase contracts

7,645

7,067

Trade creditors

71,146

51,899

Taxation and social security

80,843

81,078

Other creditors

12,177

6,931

171,811

146,975

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.18

31.3.17

£

£

Hire purchase contracts

15,291

-