Anti-Vibration Methods (Rubber) Co. Ltd - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 02277135 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH JUNE 2017

FOR

ANTI-VIBRATION METHODS (RUBBER) CO. LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

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

FIXED ASSETS

Tangible assets

4

206,327

212,282

CURRENT ASSETS

Stocks

118,817

91,159

Debtors

5

90,127

88,639

Cash at bank and in hand

94,751

64,378

303,695

244,176

CREDITORS

Amounts falling due within one year

6

92,792

112,032

NET CURRENT ASSETS

210,903

132,144

TOTAL ASSETS LESS CURRENT LIABILITIES

417,230

344,426

CAPITAL AND RESERVES

Called up share capital

2

2

Revaluation reserve

7

24,605

24,605

Retained earnings

392,623

319,819

SHAREHOLDERS' FUNDS

417,230

344,426

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

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

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 8th December 2017 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 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 at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

10% on reducing balance

Motor vehicles

-

25% on cost

Stocks

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

moving items.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1st July 2016

410,554

63,527

6,950

481,031

Additions

16,727

-

-

16,727

At 30th June 2017

427,281

63,527

6,950

497,758

DEPRECIATION

At 1st July 2016

212,541

49,259

6,949

268,749

Charge for year

21,474

1,207

1

22,682

At 30th June 2017

234,015

50,466

6,950

291,431

NET BOOK VALUE

At 30th June 2017

193,266

13,061

-

206,327

At 30th June 2016

198,013

14,268

1

212,282

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.17

30.6.16

£

£

Trade debtors

89,304

87,219

Other debtors

823

1,420

90,127

88,639

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.17

30.6.16

£

£

Trade creditors

51,819

54,061

Amounts owed to group undertakings

-

20,000

Tax

30,394

24,228

Social security and other taxes

1,796

1,796

VAT

7,133

10,297

Other creditors

1,650

1,650

92,792

112,032

7.

RESERVES

Revaluation

reserve

£

At 1st July 2016

and 30th June 2017

24,605

8.	RELATED PARTY DISCLOSURES

Hagen Group Limited own 100% of the issued share capital. During the year dividends of £60,200 were paid to

Hagen Group Limited.

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

9.	ULTIMATE CONTROLLING PARTY

The controlling party is Hagen Group Limited.

The ultimate controlling party is Mr D Lawes.