Absolute Machine Tool Services Ltd. - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: SC405159 (Scotland)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2017

FOR

ABSOLUTE MACHINE TOOL SERVICES LTD.

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J M Douglas

S T Mitchell

D Beaton

SECRETARY:

J M Douglas

REGISTERED OFFICE:

12 Sandalwood Avenue

Motherwell

Lanarkshire

ML1 5FN

REGISTERED NUMBER:

SC405159 (Scotland)

ACCOUNTANT:

I M Neilson

Chartered Accountant

62e Cleveden Drive

Glasgow

G12 0NX

FIXED ASSETS

Tangible assets

4

11,088

8,520

CURRENT ASSETS

Debtors

132,956

92,420

Cash at bank

142,672

157,116

275,628

249,536

CREDITORS

Amounts falling due within one year

(94,992

)

(79,600

)

NET CURRENT ASSETS

180,636

169,936

TOTAL ASSETS LESS CURRENT LIABILITIES

191,724

178,456

PROVISIONS FOR LIABILITIES

5

(2,107

)

(1,704

)

NET ASSETS

189,617

176,752

CAPITAL AND RESERVES

Called up share capital

6

150

100

Retained earnings

189,467

176,652

SHAREHOLDERS' FUNDS

189,617

176,752

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2017 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 September 2017 in accordance with Section 444(2A) of the Companies Act 2006.

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 14 November 2017 and were signed on its behalf by:

S T Mitchell - Director

1.	STATUTORY INFORMATION

Absolute Machine Tool Services Ltd. is a private company, limited by shares , registered in Scotland. 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 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 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 on all tangible fixed assets at the following rates:-

Plant & machinery

25%

Reducing Balance

Office equipment

33%

Straight Line

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 balance sheet date.

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 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 6 .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 October 2016

18,714

Additions

7,872

At 30 September 2017

26,586

DEPRECIATION

At 1 October 2016

10,194

Charge for year

5,304

At 30 September 2017

15,498

NET BOOK VALUE

At 30 September 2017

11,088

At 30 September 2016

8,520

5.	PROVISIONS FOR LIABILITIES

30.9.17

30.9.16

£

£

Deferred tax

2,107

1,704

Deferred

tax

£

Balance at 1 October 2016

1,704

Charge to Income Statement during year

403

Balance at 30 September 2017

2,107

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.17

30.9.16

value:

£

£

150

ordinary

1

150

100