AMK Consulting Engineers Limited Company Accounts

A M K CONSULTING ENGINEERS LIMITED - Company Information

false false false false false false false false false true false false false false false false false No description of principal activity 2016-09-01 Sage Accounts Production Advanced 2017 Update 3 - FRS xbrli:pure xbrli:shares iso4217:GBP NI619762 2016-09-01 2017-08-31 NI619762 2017-08-31 NI619762 2016-08-31 NI619762 2015-09-01 2016-08-31 NI619762 2016-08-31 NI619762 core:PlantMachinery 2016-09-01 2017-08-31 NI619762 core:FurnitureFittings 2016-09-01 2017-08-31 NI619762 core:MotorVehicles 2016-09-01 2017-08-31 NI619762 bus:Director1 2016-09-01 2017-08-31 NI619762 bus:Director2 2016-09-01 2017-08-31 NI619762 core:PlantMachinery 2016-08-31 NI619762 core:FurnitureFittings 2016-08-31 NI619762 core:MotorVehicles 2016-08-31 NI619762 core:PlantMachinery 2017-08-31 NI619762 core:FurnitureFittings 2017-08-31 NI619762 core:MotorVehicles 2017-08-31 NI619762 core:WithinOneYear 2017-08-31 NI619762 core:WithinOneYear 2016-08-31 NI619762 core:AfterOneYear 2016-08-31 NI619762 core:ShareCapital 2017-08-31 NI619762 core:ShareCapital 2016-08-31 NI619762 core:RetainedEarningsAccumulatedLosses 2017-08-31 NI619762 core:RetainedEarningsAccumulatedLosses 2016-08-31 NI619762 core:PlantMachinery 2016-08-31 NI619762 bus:FRS102 2016-09-01 2017-08-31 NI619762 bus:AuditExempt-NoAccountantsReport 2016-09-01 2017-08-31 NI619762 bus:FullAccounts 2016-09-01 2017-08-31 NI619762 bus:SmallCompaniesRegimeForAccounts 2016-09-01 2017-08-31 NI619762 bus:PrivateLimitedCompanyLtd 2016-09-01 2017-08-31

COMPANY REGISTRATION NUMBER: NI619762

AMK Consulting Engineers Limited

Filleted Unaudited Financial Statements

31 August 2017

AMK Consulting Engineers Limited

Financial Statements

Year ended 31 August 2017

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

AMK Consulting Engineers Limited

Statement of Financial Position

31 August 2017

	2017		2016
Note	£	£	£

Fixed assets

Tangible assets	5		6,830	3,577

Current assets

Debtors	6	116,876	87,106
Cash at bank and in hand		12,292	41,305
		---------	---------
		129,168	128,411

Creditors: amounts falling due within one year	7	67,222		70,726
		---------		---------
Net current assets			61,946	57,685
			--------	--------
Total assets less current liabilities			68,776	61,262

Creditors: amounts falling due after more than one year	8		–	15,000

Provisions

Taxation including deferred tax	1,300	725
	--------	--------
Net assets	67,476	45,537
	--------	--------

Capital and reserves

Called up share capital	100	100
Profit and loss account	67,376	45,437
	--------	--------
Shareholders funds	67,476	45,537
	--------	--------

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 statement of income and retained earnings has not been delivered.

For the year ending 31 August 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

AMK Consulting Engineers Limited

Statement of Financial Position (continued)

31 August 2017

These financial statements were approved by the board of directors and authorised for issue on 8 May 2018 , and are signed on behalf of the board by:

Mr M L Kane	Mr A R Mannis
Director	Director

Company registration number: NI619762

AMK Consulting Engineers Limited

Notes to the Financial Statements

Year ended 31 August 2017

1. General information

The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is 43 Cairnburn Cresent, Belfast, BT4 2HU.

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, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Transition to FRS 102

The entity transitioned from previous UK GAAP to FRS 102 as at 1 September 2015. Details of how FRS 102 has affected the reported financial position and financial performance is given in note 10.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

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. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

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

Computer equipment	-	33% straight line
Fixtures and fittings	-	33% straight line
Equipment	-	33% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 4 (2016: 4 ).

5. Tangible assets

	Computer equipment	Fixtures and fittings	Equipment	Total
	£	£	£	£
Cost
At 1 September 2016	11,522	396	242	12,160
Additions	10,630	–	–	10,630
	--------	----	----	--------
At 31 August 2017	22,152	396	242	22,790
	--------	----	----	--------
Depreciation
At 1 September 2016	7,945	396	242	8,583
Charge for the year	7,377	–	–	7,377
	--------	----	----	--------
At 31 August 2017	15,322	396	242	15,960
	--------	----	----	--------
Carrying amount
At 31 August 2017	6,830	–	–	6,830
	--------	----	----	--------
At 31 August 2016	3,577	–	–	3,577
	--------	----	----	--------

6. Debtors

	2017	2016
	£	£
Trade debtors	115,721	86,276
Other debtors	1,155	830
	---------	--------
	116,876	87,106
	---------	--------

7. Creditors: amounts falling due within one year

	2017	2016
	£	£
Corporation tax	21,849	23,305
Social security and other taxes	23,227	27,180
Other creditors	22,146	20,241
	--------	--------
	67,222	70,726
	--------	--------

8. Creditors: amounts falling due after more than one year

	2017	2016
	£	£
Other creditors	–	15,000
	----	--------

9. Related party transactions

The company owed the directors £6,510 at the period end. This amount is included within Other Creditors in Note 8 to the accounts. No other transactions with related parties were undertaken such as are required to be disclosed under Financial Reporting Standard for Smaller Entities.

10. Transition to FRS 102

These are the first financial statements that comply with FRS 102. The company transitioned to FRS 102 on 1 September 2015.

No transitional adjustments were required in equity or profit or loss for the year.