AMPP Services Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 06445402 (England and Wales)

AMPP SERVICES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2016

Page

Company Information

1

Statement of Financial Position

2

to

3

Notes to the Financial Statements

4

to

7

DIRECTORS:

A D Jackson

Mrs K M Lee

SECRETARY:

Mrs J Jackson

REGISTERED OFFICE:

The Gables

Bishop Meadow Road

Loughborough

Leicestershire

LE11 5RE

BUSINESS ADDRESS:

2D Merlin Court

Lancaster Way Business Park

Ely

Cambridgeshire

CB6 3GN

REGISTERED NUMBER:

06445402 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

The Gables

Bishop Meadow Road

Loughborough

Leicestershire

LE11 5RE

FIXED ASSETS

Tangible assets

4

12,790

14,107

CURRENT ASSETS

Stocks

450

450

Debtors

5

181,825

180,984

Cash at bank

1,835

702

184,110

182,136

CREDITORS

Amounts falling due within one year

6

78,727

99,014

NET CURRENT ASSETS

105,383

83,122

TOTAL ASSETS LESS CURRENT LIABILITIES

118,173

97,229

CREDITORS

Amounts falling due after more than one year

7

(11,397

)

(8,795

)

PROVISIONS FOR LIABILITIES

(1,232

)

(1,469

)

NET ASSETS

105,544

86,965

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

105,444

86,865

SHAREHOLDERS' FUNDS

105,544

86,965

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2016 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 22nd September 2017 and were signed on its behalf by:

A D Jackson - Director

1.	STATUTORY INFORMATION

AMPP Services Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

The significant accounting policies applied in the preparation of these financial statements are set out below.

These policies have been consistently applied to all years presented unless otherwise stated.

The financial statements cover the individual entity.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover represents amounts charged to customers for goods and services provided during the year, excluding

value added tax. Revenue from the sale of goods is recognised when the significant risks and benefits of

ownership of the product have transferred to the buyer. Revenue from services provided is recognised in the

period in which the services are performed.

Tangible fixed assets

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

life:

Land and buildings Leasehold

50% Straight Line

Plant and machinery

10% Reducing Balance

Computer equipment

33.33% Straight Line

Fixtures, fittings & equipment

15% Reducing Balance

Stocks

Stocks are valued at the lower of cost and fair value less costs to complete and sell, after making due allowance

for obselete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

statement of financial position 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 defined contribution pension scheme. Contributions payable to the company's

pension scheme are charged to the income statement in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2015 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1st January 2016

2,313

42,608

44,921

Additions

-

2,557

2,557

At 31st December 2016

2,313

45,165

47,478

DEPRECIATION

At 1st January 2016

2,313

28,501

30,814

Charge for year

-

3,874

3,874

At 31st December 2016

2,313

32,375

34,688

NET BOOK VALUE

At 31st December 2016

-

12,790

12,790

At 31st December 2015

-

14,107

14,107

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Trade debtors

81,886

94,598

Other debtors

99,939

86,386

181,825

180,984

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Bank loans and overdrafts

10,874

22,224

Trade creditors

5,275

4,369

Taxation and social security

55,172

64,294

Other creditors

7,406

8,127

78,727

99,014

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2016

2015

£

£

Bank loans

11,397

8,795

8.	SECURED DEBTS

The following secured debts are included within creditors:

2016

2015

£

£

Bank overdraft

-

12,323

Bank loans

22,271

18,696

22,271

31,019

The bank borrowings are secured by a personal guarantee given by the director, Mr A Jackson.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

100

Ordinary

£1

100

100

10.	OTHER FINANCIAL COMMITMENTS

The company has commitments due as follows:

2016

2015

£

£

Due in less than one year

35,722

22,569

Due between two and five years

67,600

17,466

103,322

40,035

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st December 2016 and

31st December 2015:

2016

2015

£

£

A D Jackson

Balance outstanding at start of year

81,302

44,306

Amounts advanced

93,522

83,275

Amounts repaid

(81,500

)

(46,279

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

93,324

81,302

Mrs K M Lee

Balance outstanding at start of year

1,500

-

Amounts advanced

13,663

1,500

Amounts repaid

(12,497

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

2,666

1,500

Interest was charged on A Jackson's overdrawn director's current account at a rate of 3% until the year end, in

line with the rates issued by HMRC. No interest was charged on K Lee's overdrawn director's current account

as the balance did not exceed £10,000 in the year. This loan is repayable on demand.

12.	RELATED PARTY DISCLOSURES

Remuneration paid to the directors during the year was £88,200 (2015 - £66,803). These figures are inclusive

of pension contributions.

13.	FIRST YEAR ADOPTION

There were no adjustments in respect of the transition to FRS102.