A & E Service Ltd

Contents

Statement of Financial Position	1
Notes to the Unaudited Financial Statements	2 to 6

A & E Service Ltd

(Registration number: 07189270)
Statement of Financial Position as at 31 January 2025

	Note	2025 £	2023 £
Fixed assets
Tangible assets	4	215,097	214,818
Current assets
Stocks	5	11,150	15,725
Debtors	6	-	1,783
Cash at bank and in hand		2,575	2,086
		13,725	19,594
Creditors: Amounts falling due within one year	7	(200,197)	(221,924)
Net current liabilities		(186,472)	(202,330)
Total assets less current liabilities		28,625	12,488
Creditors: Amounts falling due after more than one year	7	(77,044)	(87,444)
Net liabilities		(48,419)	(74,956)
Capital and reserves
Called up share capital		100	100
Profit and loss account		(48,519)	(75,056)
Shareholders' deficit		(48,419)	(74,956)

For the financial period ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
•	The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Statement of Comprehensive Income.

Approved and authorised by the director on 7 May 2026
 

Antony John Evens Director

A & E Service Ltd

Notes to the Unaudited Financial Statements for the Period from 1 August 2023 to 31 January 2025

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Danesbrook
Waterrow
Taunton
Somerset
TA4 2AZ
England

Principal activity

The principal activity of the company is Mixed farming and the sale of used cars

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling which is the functional currency of the entity.

Going concern

The financial statements have been prepared on a going concern basis.

A & E Service Ltd

Notes to the Unaudited Financial Statements for the Period from 1 August 2023 to 31 January 2025 (continued)

2	Accounting policies (continued)

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	15% Straight Line

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities

A & E Service Ltd

Notes to the Unaudited Financial Statements for the Period from 1 August 2023 to 31 January 2025 (continued)

2	Accounting policies (continued)

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Costs include all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition. .

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the statement of comprehensive income over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Financial instruments

Recognition and measurement
A financial asset or a financial liability is recognised only when the company becomes party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

3	Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1 (2023 - 1).

A & E Service Ltd

Notes to the Unaudited Financial Statements for the Period from 1 August 2023 to 31 January 2025 (continued)

4	Tangible assets

	Land and buildings £	Plant and machinery £	Total £
Cost or valuation
At 1 August 2023	194,942	45,083	240,025
Additions	-	6,817	6,817
At 31 January 2025	194,942	51,900	246,842
Depreciation
At 1 August 2023	-	25,207	25,207
Charge for the period	-	6,538	6,538
At 31 January 2025	-	31,745	31,745
Carrying amount
At 31 January 2025	194,942	20,155	215,097
At 31 July 2023	194,942	19,876	214,818

Included within the net book value of land and buildings above is £194,942 (2023 - £194,942) in respect of freehold land and buildings.
 

5

Stocks

	2025 £	2023 £
Raw materials and consumables	11,150	15,725

6

Debtors

	2025 £	2023 £
Other debtors	-	1,783
	-	1,783

A & E Service Ltd

Notes to the Unaudited Financial Statements for the Period from 1 August 2023 to 31 January 2025 (continued)

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2023 £
Due within one year
Loans and borrowings	9	4,305	-
Trade creditors		1,939	9,563
Other creditors		193,953	212,361
		200,197	221,924

Creditors: amounts falling due after more than one year

	Note	2025 £	2023 £
Due after one year
Loans and borrowings	9	77,044	87,444

8

Reserves

Profit and loss account:

This reserve records retained earnings and accumulated losses.

9	Loans and borrowings

Non-current loans and borrowings

	2025 £	2023 £
Bank borrowings	77,044	87,444

Current loans and borrowings

	2025 £	2023 £
Bank borrowings	4,305	-