A&E Tech Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 05529605 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2018

FOR

A&E TECH LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

I Horrocks

REGISTERED OFFICE:

73 Bold Road

St Helens

Merseyside

WA9 4JG

REGISTERED NUMBER:

05529605 (England and Wales)

ACCOUNTANTS:

Mattocks Grindley Ltd

18 Mulberry Avenue

Turnstone Park

Widnes

Cheshire

WA8 0WN

FIXED ASSETS

Tangible assets

4

18,617

28,312

CURRENT ASSETS

Debtors

152,901

98,226

Cash at bank and in hand

13,463

12,775

166,364

111,001

CREDITORS

Amounts falling due within one year

117,880

83,885

NET CURRENT ASSETS

48,484

27,116

TOTAL ASSETS LESS CURRENT LIABILITIES

67,101

55,428

CREDITORS

Amounts falling due after more than one
year

2,121

12,408

NET ASSETS

64,980

43,020

CAPITAL AND RESERVES

Called up share capital

1

Retained earnings

64,979

43,019

SHAREHOLDERS' FUNDS

64,980

43,020

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 28 February 2018 in accordance with Section 444(2A) of the Companies Act 2006.

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 30 November 2018 and were signed by:

I Horrocks - Director

1.	STATUTORY INFORMATION

A&E Tech 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 comprises revenue recognised by the company in respect of services supplied, exclusive of Value

Added Tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Improvements to property

-

15% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those

held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance

leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital

element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

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 5 (2017 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 March 2017

100,016

Additions

3,127

At 28 February 2018

103,143

DEPRECIATION

At 1 March 2017

71,704

Charge for year

12,822

At 28 February 2018

84,526

NET BOOK VALUE

At 28 February 2018

18,617

At 28 February 2017

28,312

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals

£

COST

At 1 March 2017

and 28 February 2018

16,912

DEPRECIATION

At 1 March 2017

and 28 February 2018

7,399

NET BOOK VALUE

At 28 February 2018

9,513

At 28 February 2017

9,513

5.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2018 and

28 February 2017:

28.2.18

28.2.17

£

I Horrocks

Balance outstanding at start of year

12,523

62,799

Amounts repaid

(2,294

)

(50,276

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

10,229

12,523

6.	RELATED PARTY DISCLOSURES

No other transactions with related parties were undertaken such as are required to be disclosed under

Financial Reporting Standard 8.