Ardenmain Limited - Period Ending 2014-08-31

Registration number: 04250605

Ardenmain Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 August 2014
 

HML Davies Limited
Chartered Certified Accountants
9 Riverside
Waters Meeting Road
Bolton
BL1 8TU

Ardenmain Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Ardenmain Limited
(Registration number: 04250605)
Abbreviated Balance Sheet at 31 August 2014

		Note			2014 £			2013 £
Fixed assets
Intangible fixed assets		2			9,000			9,000
Tangible fixed assets		2			6,063			7,141
					15,063			16,141
Current assets
Stocks					-			15,729
Debtors					58,090			61,952
Cash at bank and in hand					20,081			81
					78,171			77,762
Creditors: Amounts falling due within one year					(277,968)			(252,152)
Net current liabilities					(199,797)			(174,390)
Net liabilities					(184,734)			(158,249)
Capital and reserves
Called up share capital		3			100			100
Share premium account					120,000			120,000
Profit and loss account					(304,834)			(278,349)
Shareholders' deficit					(184,734)			(158,249)

For the year ending 31 August 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 director acknowledges his 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 director on 27 May 2015

.........................................
Mr Sameer Ahmad
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Ardenmain Limited
Notes to the Abbreviated Accounts for the Year Ended 31 August 2014
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Goodwill

Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.

Amortisation

Amortisation is not provided on goodwiil.

Asset class	Amortisation method and rate
Goodwill	nil

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Fixtures, fittings & equipment	15% reducing balance basis

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 2

Ardenmain Limited
Notes to the Abbreviated Accounts for the Year Ended 31 August 2014
......... continued

2	Fixed assets

		Intangible assets £			Tangible assets £			Total £
Cost
At 1 September 2013		9,000			28,871			37,871
At 31 August 2014		9,000			28,871			37,871
Depreciation
At 1 September 2013		-			21,730			21,730
Charge for the year		-			1,078			1,078
At 31 August 2014		-			22,808			22,808
Net book value
At 31 August 2014		9,000			6,063			15,063
At 31 August 2013		9,000			7,141			16,141

3	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
ordinary of £1 each		100			100			100			100

Page 3