R A M Machining Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 01910504 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 June 2017

for

R.A.M. Machining Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr J Southall

SECRETARY:

Mrs A M Southall

REGISTERED OFFICE:

14 High Street Tettenhall

Wolverhampton

West Midlands

WV6 8QT

REGISTERED NUMBER:

01910504 (England and Wales)

ACCOUNTANTS:

West House Accountants

14 High Street

Tettenhall

Wolverhampton

West Midlands

WV6 8QT

FIXED ASSETS

Tangible assets

4

11,161

10,812

CURRENT ASSETS

Stocks

293

318

Debtors

57,831

21,057

Cash at bank and in hand

102,554

96,771

160,678

118,146

CREDITORS

Amounts falling due within one year

44,734

13,689

NET CURRENT ASSETS

115,944

104,457

TOTAL ASSETS LESS CURRENT LIABILITIES

127,105

115,269

PROVISIONS FOR LIABILITIES

2,000

2,000

NET ASSETS

125,105

113,269

CAPITAL AND RESERVES

Called up share capital

50

50

Capital redemption reserve

50

50

Retained earnings

125,005

113,169

SHAREHOLDERS' FUNDS

125,105

113,269

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 June 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 director on 9 March 2018 and were signed by:

Mr J Southall - Director

1.	STATUTORY INFORMATION

R.A.M. Machining 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.

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 the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost and 15% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and

handling costs in bringing stocks to their present location and condition.

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.

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 5 .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 July 2016

48,285

Additions

2,170

At 30 June 2017

50,455

DEPRECIATION

At 1 July 2016

37,473

Charge for year

1,821

At 30 June 2017

39,294

NET BOOK VALUE

At 30 June 2017

11,161

At 30 June 2016

10,812