Application Engineering & Maintenance Limited
|
Registered Number
:
02677615
|
For the year ended 31 July 2019
England and Wales
Unaudited Financial Statements
For the year ended 31 July 2019
Application Engineering & Maintenance Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
Application Engineering & Maintenance Limited
Statement of Financial Position
2018
2019
Property
,
plant and equipment
|
1,863
1,042
2
1,863
1,042
1,855
1,650
3
Trade and other receivables
|
89,429
157,608
4
138,594
109,410
5
27,387
Cash and cash equivalents
|
29,562
298,230
257,265
Trade and other payables
:
amounts falling due within one
|
year
|
(227,148)
(240,777)
6
30,117
57,453
Net current assets
Total assets less current liabilities
|
59,316
31,159
(211)
(875)
Provisions for liabilities
|
59,105
Net assets
30,284
100
100
59,005
30,184
59,105
30,284
Shareholders' funds
For the year ended 31 July 2019 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
|
The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2019 in accordance with Section 476 of the Companies Act 2006
|
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
|
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
.
|
In accordance with Section
444
of the Companies Act
2006
,
the Income Statement has not been delivered
.
|
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
|
These financial statements were approved and authorised for issue by the Board on 08 May 2020 and were signed by:
|
The notes form part of these financial statements
|
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For the year ended 31 July 2019
Application Engineering & Maintenance Limited
Notes to the Financial Statements
Statutory Information
Application Engineering
&
Maintenance Limited is a private limited company
,
limited by shares
,
domiciled in England
|
and Wales
,
registration number
02677615
.
|
Unit 4B
Tomo Trading Estate, Packet Boat Lane
Uxbridge
Middlesex
UB8 2JP
The presentation currency is £ sterling
.
|
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section
1
A 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 costs convention
.
|
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
|
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
|
Plant and machinery
Fixtures and fittings
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
|
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.
|
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable.
|
2 of 4
For the year ended 31 July 2019
Application Engineering & Maintenance Limited
Notes to the Financial Statements Continued
2
.
Property
,
plant and equipment
|
56,913
47,017
9,896
1,671
1,671
-
9,896
48,688
58,584
Provision for depreciation and impairment
|
55,871
45,975
9,896
Charge for year
850
850
-
56,721
46,825
9,896
-
1,863
1,863
-
1,042
1,042
2018
2019
1,650
1,855
4
.
Trade and other receivables
|
2018
2019
77,557
43,414
80,051
46,015
89,429
157,608
5
.
Financial instruments at fair value
|
2018
2019
109,410
138,594
Investments are included at fair value.
3 of 4
For the year ended 31 July 2019
Application Engineering & Maintenance Limited
Notes to the Financial Statements Continued
6
.
Trade and other payables
:
amounts falling due within one year
|
2018
2019
22,022
8,109
Taxation and social security
|
44,176
28,881
174,579
190,158
240,777
227,148
7
.
Guarantees and other financial commitments
|
At
31
July
2019
the company had annual commitments under non
-
cancellable operating leases as set out below
:
|
2018
2019
Operating leases which expire
:
|
685
726
685
726
8
.
Average number of persons employed
|
During the year the average number of employees was 3 (2018 : 3)
4 of 4