Abbreviated Company Accounts - AM ROOFING SERVICES LIMITED

AM ROOFING SERVICES LIMITED - Company Information

Registered Number 08221944

AM ROOFING SERVICES LIMITED

Abbreviated Accounts

30 September 2014

AM ROOFING SERVICES LIMITED Registered Number 08221944

Abbreviated Balance Sheet as at 30 September 2014

	Notes	2014	2013
		£	£
Fixed assets
Intangible assets	2	6,000	8,000
Tangible assets	3	4,718	6,318
		10,718	14,318
Current assets
Debtors		7,128	4,189
Cash at bank and in hand		4,945	1,375
		12,073	5,564
Creditors: amounts falling due within one year		(19,436)	(18,745)
Net current assets (liabilities)		(7,363)	(13,181)
Total assets less current liabilities		3,355	1,137
Total net assets (liabilities)		3,355	1,137
Capital and reserves
Called up share capital		1	1
Profit and loss account		3,354	1,136
Shareholders' funds		3,355	1,137

For the year ending 30 September 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 6 May 2015

And signed on their behalf by:
A MORRIS, Director

AM ROOFING SERVICES LIMITED Registered Number 08221944

Notes to the Abbreviated Accounts for the period ended 30 September 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents amounts invoiced during the year, exclusive of VAT

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life, as follows:
Plant & machinery - over three years by equal annual instalments
Motor vehicles - 25% on the reducing balance
Office equipment - over three years by equal annual instalments

Intangible assets amortisation policy
Positive goodwill arising on acquisitions is capitalised, classified as an asset on the Balance Sheet, and amortised over its useful economic life.

Amortisation is calculated so as to write off the value of goodwill over five years.

Other accounting policies
Related party transactions
During the year dividends of £25,000 (2013: £15,000) were paid to Mr Morris

2Intangible fixed assets

	£
Cost
At 1 October 2013	10,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 September 2014	10,000
Amortisation
At 1 October 2013	2,000
Charge for the year	2,000
On disposals	-
At 30 September 2014	4,000
Net book values
At 30 September 2014	6,000
At 30 September 2013	8,000

3Tangible fixed assets

	£
Cost
At 1 October 2013	8,178
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 September 2014	8,178
Depreciation
At 1 October 2013	1,860
Charge for the year	1,600
On disposals	-
At 30 September 2014	3,460
Net book values
At 30 September 2014	4,718
At 30 September 2013	6,318