Amroe Engineering Limited Filleted accounts for Companies House (small and micro)

AMROE ENGINEERING LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 08683142

AMROE ENGINEERING LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 December 2018

AMROE ENGINEERING LIMITED

FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2018

Contents	Pages

Balance sheet 1

Notes to the financial statements 2 to 4

AMROE ENGINEERING LIMITED

BALANCE SHEET

31 December 2018

	2018	2017
Note	£	£

Fixed assets

Tangible assets	5	18	90

Current assets

Debtors	6	18,673	19,072
Cash at bank and in hand		6,846	1,715
		------------	------------
		25,519	20,787

Creditors: amounts falling due within one year	7	( 20,067)	( 20,293)
		------------	------------
Net current assets		5,452	494
		------------	------------
Total assets less current liabilities		5,470	584

Provisions

Taxation including deferred tax	( 3)	( 17)
	------------	------------
Net assets	5,467	567
	------------	------------

Capital and reserves

Called up share capital	9	100	100
Profit and loss account		5,367	467
		------------	------------
Shareholders funds		5,467	567
		------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.

For the year ending 31 December 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 25 February 2019 , and are signed on behalf of the board by:

B J Roebuck
Director

Company registration number: 08683142

AMROE ENGINEERING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2018

1. General information

The company is a private company limited by shares, registered in England and Wales, company number 08683142 . The address of the registered office is 35 Westgate, Huddersfield, West Yorkshire, HD1 1PA, England.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover comprises the value of services provided net of value added tax.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost of an asset, less its residual value, over the useful economic life of that asset as follows:

	Comptuter equipment	-	33% straight line

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2017: 2 ).

5. Tangible assets

	Computer Equipment	Total
	£	£
Cost
At 1 January 2018 and 31 December 2018	2,611	2,611
	------------	------------
Depreciation
At 1 January 2018	2,521	2,521
Charge for the year	72	72
	------------	------------
At 31 December 2018	2,593	2,593
	------------	------------
Carrying amount
At 31 December 2018	18	18
	------------	------------
At 31 December 2017	90	90
	------------	------------

6. Debtors

	2018	2017
	£	£
Trade debtors	–	2,580
Director's loan account	14,093	11,290
Other debtors	4,580	5,202
	------------	------------
	18,673	19,072
	------------	------------

7. Creditors: amounts falling due within one year

	2018	2017
	£	£
Accruals and deferred income	2,027	2,000
Corporation tax	14,310	14,359
Social security and other taxes	3,730	3,934
	------------	------------
	20,067	20,293
	------------	------------

8. Deferred tax

The deferred tax included in the balance sheet is as follows:

	2018	2017
	£	£
Included in provisions	3	17
	------------	------------

The deferred tax account consists of the tax effect of timing differences in respect of:

	2018	2017
	£	£
Accelerated capital allowances	3	17
	------------	------------

9. Called up share capital

Issued, called up and fully paid

	2018		2017
	No.	£	No.	£
Ordinary shares of £ 1 each	100	100.00	100	100.00
	------------	------------	------------	------------

10. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2018	2017
	£	£
Not later than 1 year	–	341
	------------	------------

11. Director's advances, credits and guarantees

During the year the director entered into the following advances and credits with the company:

	2018
	Balance brought forward	Amounts repaid	Balance outstanding
	£	£	£
B J Roebuck	11,290	2,803	14,093
	------------	------------	------------

	2017
	Balance brought forward	Amounts repaid	Balance outstanding
	£	£	£
B J Roebuck	16,006	( 4,716)	11,290
	------------	------------	------------

The director's loan account is unsecured and repayable on demand. Interest is charged at HMRC's official rate of interest.

12. Controlling party

The company is controlled by B J Roebuck .