A. & M. PROCTER LIMITED

A. & M. PROCTER LIMITED

A. & M. PROCTER LIMITED - Company Information

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A. & M. PROCTER LIMITED

Company Registration Number:
00671683 (England and Wales)

Unaudited abridged accounts for the year ended 31 October 2018

Period of accounts

Start date: 01 November 2017

End date: 31 October 2018

A. & M. PROCTER LIMITED

Contents of the Financial Statements

for the Period Ended 31 October 2018

Balance sheet
Notes

A. & M. PROCTER LIMITED

Balance sheet

As at 31 October 2018


Notes
2018
2017


£
£
Fixed assets
Tangible assets: 3 44,937 45,096
Investments: 4 104,337 104,337
Total fixed assets: 149,274 149,433
Current assets
Stocks: 90,521 90,521
Debtors:   399,998 354,750
Cash at bank and in hand: 39,370 61,704
Total current assets: 529,889 506,975
Creditors: amounts falling due within one year:   (52,692) (31,291)
Net current assets (liabilities): 477,197 475,684
Total assets less current liabilities: 626,471 625,117
Total net assets (liabilities): 626,471 625,117
Capital and reserves
Called up share capital: 1,000 1,000
Profit and loss account: 625,471 624,117
Shareholders funds: 626,471 625,117

The notes form part of these financial statements

A. & M. PROCTER LIMITED

Balance sheet statements

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

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 31 July 2019
and signed on behalf of the board by:

Name: AR Procter
Status: Director

The notes form part of these financial statements

A. & M. PROCTER LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2018

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is stated excluding value added tax.

Tangible fixed assets and depreciation policy

Equipment & VehiclesDepreciation is calculated on the reducing balance method which aims to write down the cost of the assets over their normal expected lives and is provided at the rate of 15% on Plant and Equipment and 25% on Motor Vehicles.

Valuation and information policy

Stock and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items.

A. & M. PROCTER LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2018

2. Employees

2018 2017
Average number of employees during the period 4 4

A. & M. PROCTER LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2018

3. Tangible Assets

Total
Cost £
At 01 November 2017 79,680
At 31 October 2018 79,680
Depreciation
At 01 November 2017 34,584
Charge for year 159
At 31 October 2018 34,743
Net book value
At 31 October 2018 44,937
At 31 October 2017 45,096

A. & M. PROCTER LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2018

4. Fixed investments

The Company's Investments consist of loans made to associated companies and are stated at cost.

A. & M. PROCTER LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2018

5. Related party transactions

Director’s Interests in TransactionsThe director, A R Procter, is also a director and shareholder of Bow-Rain Construction Limited from whom the company has received a loan. The loan is repayable on demand, no interest being payable. A R Procter has advanced loans to the company and the balance outstanding at 31st October 2018 was £35,591 (2017 £23,149). No interest is payable.