A M Business Associates Limited Filleted accounts for Companies House (small and micro)

AM BUSINESS ASSOCIATES LTD - Company Information

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COMPANY REGISTRATION NUMBER: 06926616

A M Business Associates Limited

Filleted Unaudited Abridged Financial Statements

30 June 2018

A M Business Associates Limited

Abridged Statement of Financial Position

30 June 2018

	2018		2017
Note	£	£	£
Creditors: amounts falling due within one year	5,064		5,064
	-------		-------
Net current liabilities		5,064	5,064
		-------	-------
Total assets less current liabilities		( 5,064)	( 5,064)
		-------	-------
Net liabilities		( 5,064)	( 5,064)
		-------	-------

Capital and reserves

Called up share capital	1,000	1,000
Profit and loss account	( 6,064)	( 6,064)
	-------	-------
Shareholders deficit	( 5,064)	( 5,064)
	-------	-------

These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.

For the year ending 30 June 2018 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 abridged financial statements for the year in question in accordance with section 476 ;

- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements .

All of the members have consented to the preparation of the abridged statement of financial position for the year ending 30 June 2018 in accordance with Section 444(2A) of the Companies Act 2006.

These abridged financial statements were approved by the board of directors and authorised for issue on 20 March 2019 , and are signed on behalf of the board by:

A Miller
Director

Company registration number: 06926616

A M Business Associates Limited

Notes to the Abridged Financial Statements

Year ended 30 June 2018

1. General information

The company was dormant for the Year ended 30th June 2018.

2. Statement of compliance

These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The abridged financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

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

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

4. Director's advances, credits and guarantees

During the year the director entered into the following advances and credits with the company:

	2018
	Balance brought forward	Advances/ (credits) to the director	Balance outstanding
	£	£	£
A Miller	( 3,072)	–	( 3,072)
	-------	----	-------

	2017
	Balance brought forward	Advances/ (credits) to the director	Balance outstanding
	£	£	£
A Miller	( 28,126)	25,054	( 3,072)
	--------	--------	-------

5. Related party transactions

The company was under control of the director during the current and previous year. The director controls the company by virtue of a 100% share capital ownership.