Anti-Vibration Methods (Rubber) Co. Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02277135 (England and Wales)

REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH JUNE 2019

FOR

ANTI-VIBRATION METHODS (RUBBER) CO. LTD

Page

Company Information

1

Report of the Directors

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

Mr D Lawes

Dr P Lawes

REGISTERED OFFICE:

Unit 5

Woodcock Industrial Estate

Woodcock Road

Warminster

Wiltshire

BA12 9DX

REGISTERED NUMBER:

02277135 (England and Wales)

ACCOUNTANTS:

Richardson Jones

Chartered Accountants

Mercury House

19-21 Chapel Street

Marlow

Buckinghamshire

SL7 3HN

The directors present their report with the financial statements of the company for the year ended 30th June 2019.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of manufacturing of rubber to metal bonded and

other anti-vibration components.

REVIEW OF BUSINESS

TO BE COMPLETED BY DANIEL

DIRECTORS

The directors shown below have held office during the whole of the period from 1st July 2018 to the date of this report.

Mr D Lawes

Dr P Lawes

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small

companies.

ON BEHALF OF THE BOARD:

Mr D Lawes - Director

30th March 2020

FIXED ASSETS

Tangible assets

4

293,411

293,348

CURRENT ASSETS

Stocks

163,172

108,376

Debtors

5

123,016

120,410

Cash at bank and in hand

128,431

127,810

414,619

356,596

CREDITORS

Amounts falling due within one year

6

162,325

137,160

NET CURRENT ASSETS

252,294

219,436

TOTAL ASSETS LESS CURRENT LIABILITIES

545,705

512,784

CREDITORS

Amounts falling due after more than one year

7

35,037

-

NET ASSETS

510,668

512,784

CAPITAL AND RESERVES

Called up share capital

2

2

Revaluation reserve

8

24,605

24,605

Retained earnings

486,061

488,177

SHAREHOLDERS' FUNDS

510,668

512,784

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2019 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 30th March 2020 and were signed on its behalf by:

Mr D Lawes - Director

1.	STATUTORY INFORMATION

Anti-Vibration Methods (Rubber) Co. Ltd is a private company, limited by shares , registered in England and 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

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

10% on reducing balance

Fixtures and fittings

-

10% on reducing balance

Motor vehicles

-

25% on cost

Government grants

Grant income from Rural Development Programme is shown within deferred income and released to the profit and

loss over the estimated useful economic life of the asset the grant relates too.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2018 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1st July 2018

539,610

63,527

6,950

610,087

Additions

27,979

1,209

12,594

41,782

Disposals

(8,665

)

-

-

(8,665

)

At 30th June 2019

558,924

64,736

19,544

643,204

DEPRECIATION

At 1st July 2018

258,237

51,552

6,950

316,739

Charge for year

30,233

1,319

3,148

34,700

Eliminated on disposal

(1,646

)

-

-

(1,646

)

At 30th June 2019

286,824

52,871

10,098

349,793

NET BOOK VALUE

At 30th June 2019

272,100

11,865

9,446

293,411

At 30th June 2018

281,373

11,975

-

293,348

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.19

30.6.18

£

£

Trade debtors

122,546

87,510

Other debtors

470

670

Tax

-

13,643

VAT

-

18,587

123,016

120,410

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.19

30.6.18

£

£

Trade creditors

92,736

66,475

Amounts owed to group undertakings

47,500

60,000

Tax

7,347

5,849

Social security and other taxes

2,639

3,186

Pension control

1,055

-

VAT

5,018

-

Other creditors

1,650

1,650

Deferred government grants

4,380

-

162,325

137,160

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.6.19

30.6.18

£

£

Deferred government grants

35,037

-

8.

RESERVES

Revaluation

reserve

£

At 1st July 2018

and 30th June 2019

24,605

9.	RELATED PARTY DISCLOSURES

Hagen Group Limited own 100% of the issued share capital.

Mr D Lawes is a director and shareholder of Hagen Group Ltd.

10.	ULTIMATE CONTROLLING PARTY

The controlling party is Hagen Group Limited.

The ultimate controlling party is Mr D Lawes.