Amroe Engineering Limited Company Accounts

AMROE ENGINEERING 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 2017-01-01 Sage Accounts Production Advanced 2017 Update 2 - FRS 2,611 2,449 72 2,521 90 162 xbrli:pure xbrli:shares iso4217:GBP 08683142 2017-01-01 2017-12-31 08683142 2017-12-31 08683142 2016-12-31 08683142 2016-01-01 2016-12-31 08683142 2016-12-31 08683142 bus:OrdinaryShareClass1 2017-01-01 2017-12-31 08683142 bus:Director1 2017-01-01 2017-12-31 08683142 core:WithinOneYear 2017-12-31 08683142 core:WithinOneYear 2016-12-31 08683142 core:ShareCapital 2017-12-31 08683142 core:ShareCapital 2016-12-31 08683142 core:RetainedEarningsAccumulatedLosses 2017-12-31 08683142 core:RetainedEarningsAccumulatedLosses 2016-12-31 08683142 core:AcceleratedTaxDepreciationDeferredTax 2017-12-31 08683142 core:AcceleratedTaxDepreciationDeferredTax 2016-12-31 08683142 bus:Director1 2016-12-31 08683142 bus:Director1 2017-12-31 08683142 bus:Director1 2015-12-31 08683142 bus:Director1 2016-12-31 08683142 bus:Director1 2016-01-01 2016-12-31 08683142 bus:FRS102 2017-01-01 2017-12-31 08683142 bus:AuditExempt-NoAccountantsReport 2017-01-01 2017-12-31 08683142 bus:FullAccounts 2017-01-01 2017-12-31 08683142 bus:SmallCompaniesRegimeForAccounts 2017-01-01 2017-12-31 08683142 bus:PrivateLimitedCompanyLtd 2017-01-01 2017-12-31 08683142 bus:OrdinaryShareClass1 2017-12-31 08683142 bus:OrdinaryShareClass1 2016-12-31 08683142 core:ComputerEquipment 2017-01-01 2017-12-31 08683142 core:ComputerEquipment 2017-12-31 08683142 core:ComputerEquipment 2016-12-31

COMPANY REGISTRATION NUMBER: 08683142

AMROE ENGINEERING LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 December 2017

AMROE ENGINEERING LIMITED

FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2017

Contents	Pages

Balance sheet 1

Notes to the financial statements 2 to 4

AMROE ENGINEERING LIMITED

BALANCE SHEET

31 December 2017

	2017	2016
Note	£	£

Fixed assets

Tangible assets	5	90	162

Current assets

Debtors	6	19,072	23,818
Cash at bank and in hand		1,715	2,516
		------------	------------
		20,787	26,334

Creditors: amounts falling due within one year	7	( 20,293)	( 25,787)
		------------	------------
Net current assets		494	547
		------------	------------
Total assets less current liabilities		584	709

Provisions

Taxation including deferred tax	( 17)	( 32)
	------------	------------
Net assets	567	677
	------------	------------

Capital and reserves

Called up share capital	9	100	100
Profit and loss account		467	577
		------------	------------
Members funds		567	677
		------------	------------

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 2017 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 14 May 2018 , 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 2017

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 the provisions of FRS 102 Section 1A, '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 (2016: 2 ).

5. Tangible assets

	Computer Equipment	Total
	£	£
Cost
At 1 January 2017 and 31 December 2017	2,611	2,611
	------------	------------
Depreciation
At 1 January 2017	2,449	2,449
Charge for the year	72	72
	------------	------------
At 31 December 2017	2,521	2,521
	------------	------------
Carrying amount
At 31 December 2017	90	90
	------------	------------
At 31 December 2016	162	162
	------------	------------

6. Debtors

	2017	2016
	£	£
Trade debtors	2,580	2,580
Director's loan account	11,290	16,006
Other debtors	5,202	5,232
	------------	------------
	19,072	23,818
	------------	------------

7. Creditors: amounts falling due within one year

	2017	2016
	£	£
Accruals and deferred income	2,000	1,100
Corporation tax	14,359	21,641
Social security and other taxes	3,934	3,046
	------------	------------
	20,293	25,787
	------------	------------

8. Deferred tax

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

	2017	2016
	£	£
Included in provisions	17	32
	------------	------------

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

	2017	2016
	£	£
Accelerated capital allowances	17	32
	------------	------------

9. Called up share capital

Issued, called up and fully paid

	2017		2016
	No.	£	No.	£
Ordinary shares of £ 1 each	100	100	100	100
	------------	------------	------------	------------

10. Operating leases

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

	2017	2016
	£	£
Not later than 1 year	341	4,097
	------------	------------

11. Director's advances, credits and guarantees

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

	2017
	Balance brought forward	Advances/ (credits) to the director	Amounts repaid	Balance outstanding
	£	£	£	£
B J Roebuck	16,006	–	( 4,716)	11,290
	------------	------------	------------	------------

	2016
	Balance brought forward	Advances/ (credits) to the director	Amounts repaid	Balance outstanding
	£	£	£	£
B J Roebuck	8,990	7,116	( 100)	16,006
	------------	------------	------------	------------

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 .