AMC Electrics Ltd. - Accounts to registrar (filleted) - small 18.2
AMC Electrics Ltd. - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2019 |
| FOR |
| AMC Electrics Ltd. |
| AMC Electrics Ltd. (Registered number: 04666951) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| for the year ended 30 April 2019 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 | to | 3 |
| Notes to the Financial Statements | 4 | to | 7 |
| AMC Electrics Ltd. |
| COMPANY INFORMATION |
| for the year ended 30 April 2019 |
| Directors: |
| Secretary: |
| Registered office: |
| Registered number: |
| Accountants: |
| 129 North Hill |
| Plymouth |
| Devon |
| PL4 8JY |
| AMC Electrics Ltd. (Registered number: 04666951) |
| BALANCE SHEET |
| 30 April 2019 |
| 2019 | 2018 |
| Notes | £ | £ | £ | £ |
| Fixed assets |
| Intangible assets | 4 |
| Tangible assets | 5 |
| Current assets |
| Stocks |
| Debtors | 6 |
| Cash at bank and in hand |
| Creditors |
| Amounts falling due within one year | 7 |
| Net current liabilities | ( |
) | ( |
) |
| Total assets less current liabilities |
| Provisions for liabilities | 8 |
| Net assets |
| Capital and reserves |
| Called up share capital | 9 |
| Retained earnings |
| Shareholders' funds |
| AMC Electrics Ltd. (Registered number: 04666951) |
| BALANCE SHEET - continued |
| 30 April 2019 |
| The directors acknowledge their 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. |
| In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
| The financial statements were approved by the Board of Directors on signed on its behalf by: |
| AMC Electrics Ltd. (Registered number: 04666951) |
| NOTES TO THE FINANCIAL STATEMENTS |
| for the year ended 30 April 2019 |
| 1. | STATUTORY INFORMATION |
| AMC Electrics Ltd. is a |
| 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 |
| Turnover |
| Turnover represents amounts invoiced in respect of goods and services, net of value added |
| tax. |
| Goodwill |
| Goodwill is being written off in equal annual instalments over the directors' estimate of its |
| useful economic life. The policy was amended in the previous year to write off the residual |
| balance in equal instalments by 2019. |
| Tangible fixed assets |
| Short leasehold | - |
| Plant & equipment | - |
| Motor vehicles | - |
| Stocks |
| Stocks are measured at the lower of cost and estimated selling price less costs to complete |
| and sell. Cost is determined using the first in first out method. The carrying amount of stock |
| sold is recognised as an expense in the period in which the related revenue is recognised. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & |
| Loss Account, 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. |
| AMC Electrics Ltd. (Registered number: 04666951) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the year ended 30 April 2019 |
| 2. | ACCOUNTING POLICIES - continued |
| 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 |
| 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 statutory pension scheme. Employer contributions payable to the |
| company's pension scheme are charged to profit or loss in the period to which they relate. |
| Debtors |
| Short term debtors are measured at transaction price (which is usually the invoice price), |
| less any impairment losses for bad and doubtful debts. Loans and other financial assets are |
| initially recognised at transaction price including any transaction costs and subsequently |
| measured at amortised cost determined using the effective interest method, less any |
| impairment losses for bad and doubtful debts. |
| Creditors |
| Short term creditors are measured at transaction price (which is usually the invoice price). |
| Loans and other financial liabilities are initially recognised at transaction price net of any |
| transaction costs and subsequently measured at amortised cost determined using the |
| effective interest method. |
| Provisions |
| Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an |
| obligation at the reporting date as a result of a past event, it is probable that economic |
| benefit will be transferred to settle the obligation and the amount of the obligation can be |
| estimated reliably. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| AMC Electrics Ltd. (Registered number: 04666951) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the year ended 30 April 2019 |
| 4. | INTANGIBLE FIXED ASSETS |
| Goodwill |
| £ |
| Cost |
| At 1 May 2018 |
| and 30 April 2019 |
| Amortisation |
| At 1 May 2018 |
| Amortisation for year |
| At 30 April 2019 |
| Net book value |
| At 30 April 2019 |
| At 30 April 2018 |
| 5. | TANGIBLE FIXED ASSETS |
| Short | Plant & | Motor |
| leasehold | equipment | vehicles | Totals |
| £ | £ | £ | £ |
| Cost |
| At 1 May 2018 |
| Additions |
| At 30 April 2019 |
| Depreciation |
| At 1 May 2018 |
| Charge for year |
| At 30 April 2019 |
| Net book value |
| At 30 April 2019 |
| At 30 April 2018 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Trade debtors |
| Other debtors |
| AMC Electrics Ltd. (Registered number: 04666951) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the year ended 30 April 2019 |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 8. | PROVISIONS FOR LIABILITIES |
| 2019 | 2018 |
| £ | £ |
| Deferred tax |
| Accelerated capital allowances | ( |
) | ( |
) |
| Deferred tax | 1,240 | 1,305 |
| 890 | 1,240 |
| Deferred |
| tax |
| £ |
| Balance at 1 May 2018 |
| Provided during year | ( |
) |
| Balance at 30 April 2019 |
| 9. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2019 | 2018 |
| value: | £ | £ |
| Ordinary | £1 | 100 | 100 |
| 10. | RELATED PARTY DISCLOSURES |
| At the balance sheet date the directors and related parties were owed the following: |
| Mr D Ellery - director | 1,593 |
| Mrs G Ellery - director | 1,197 |
| Mr D Ellery - son of director | 14,927 |
| 11. | ULTIMATE CONTROLLING PARTY |
| The controlling parties are Mr Derek and Mrs Gillian Ellery. |