REGISTERED NUMBER: |
ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31 DECEMBER 2015 |
FOR |
A & M GEARBOX SERVICES LIMITED |
REGISTERED NUMBER: |
ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31 DECEMBER 2015 |
FOR |
A & M GEARBOX SERVICES LIMITED |
A & M GEARBOX SERVICES LIMITED (REGISTERED NUMBER: 02933797) |
CONTENTS OF THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31 DECEMBER 2015 |
Page |
Company Information | 1 |
Chartered Accountants' Report | 2 |
Abbreviated Balance Sheet | 3 |
Notes to the Abbreviated Accounts | 4 |
A & M GEARBOX SERVICES LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31 DECEMBER 2015 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS |
ON THE UNAUDITED FINANCIAL STATEMENTS OF |
A & M GEARBOX SERVICES LIMITED |
The following reproduces the text of the report prepared for the directors in respect of the company's annual |
unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages three to four) |
have been prepared. |
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the |
financial statements of A & M Gearbox Services Limited for the year ended 31 December 2015 which comprise the |
Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from |
information and explanations you have given us. |
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook. |
This report is made solely to the Board of Directors of A & M Gearbox Services Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of A & M Gearbox Services Limited and state those matters that we have agreed to state to the Board of Directors of A & M Gearbox Services Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report. |
It is your duty to ensure that A & M Gearbox Services Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of A & M Gearbox Services Limited. You consider that A & M Gearbox Services Limited is exempt from the statutory audit requirement for the year. |
We have not been instructed to carry out an audit or a review of the financial statements of A & M Gearbox Services |
Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information |
and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial |
statements. |
16 May 2016 |
A & M GEARBOX SERVICES LIMITED (REGISTERED NUMBER: 02933797) |
ABBREVIATED BALANCE SHEET |
31 DECEMBER 2015 |
31.12.15 | 31.12.14 |
Notes | £ | £ |
Fixed assets |
Tangible assets | 2 |
Current assets |
Stocks |
Debtors |
Cash at bank |
Creditors |
Amounts falling due within one year | ( |
) | ( |
) |
Net current assets |
Total assets less current liabilities |
Provisions for liabilities | ( |
) | ( |
) |
Net assets |
Capital and reserves |
Called up share capital | 3 |
Profit and loss account |
Shareholders' funds |
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 were approved by the Board of Directors on |
A & M GEARBOX SERVICES LIMITED (REGISTERED NUMBER: 02933797) |
NOTES TO THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31 DECEMBER 2015 |
1. | ACCOUNTING POLICIES |
Accounting convention |
The financial statements have been prepared under the historical cost convention and in accordance with the |
Financial Reporting Standard for Smaller Entities (effective April 2008). |
Turnover |
Turnover represents net invoiced sales of goods and services supplied, excluding value added tax. |
Tangible fixed assets |
Plant and machinery | - |
Motor vehicles | - |
Stocks |
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and |
slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. |
Deferred tax |
Full provision is made for deferred tax assets and liabilities arising from all timing differences between the |
recognition of gains and losses in the financial statements and recognition in the tax computation. |
A net deferred tax asset is recognised only if it can be regarded as more likely than not that there will be suitable |
taxable profits from which the future reversal of the underlying timing differences can be deducted. |
Deferred tax assets and liabilities are calculated at the tax rates expected to be effective at the time the timing |
differences are expected to reverse. |
Deferred tax assets and liabilities are not discounted. |
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 the profit and loss account in the period to which they relate. |
2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 January 2015 |
Additions |
Disposals | ( |
) |
At 31 December 2015 |
DEPRECIATION |
At 1 January 2015 |
Charge for year |
Eliminated on disposal | ( |
) |
At 31 December 2015 |
NET BOOK VALUE |
At 31 December 2015 |
At 31 December 2014 |
3. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.12.15 | 31.12.14 |
value: | £ | £ |
Ordinary | £1 |