AM-Invest Ltd
AM-Invest Ltd
Registered number: 05827475
ABRIDGED Financial Statements
For The Year Ended
31 May 2020
AM-Invest Ltd
Financial Statements
For The Year Ended
31 May 2020
Financial Statements
| Contents | |
| Page | |
|---|---|
| Abridged Balance Sheet | 1—2 |
| Notes to the Abridged Financial Statements | 3—4 |
AM-Invest Ltd
Abridged Balance Sheet
As at
31 May 2020
Abridged Balance Sheet
Registered number:
05827475
For the year ending 31 May 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
| 2020 | 2019 | ||||
|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Investments | 3 |
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| CURRENT ASSETS | |||||
| Debtors | 4 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year |
( |
( |
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| NET CURRENT ASSETS (LIABILITIES) |
( |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
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| Creditors: Amounts Falling Due After More Than One Year | (200,000) | (200,000) | |||
| NET (LIABILITIES)/ASSETS |
( |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 5 |
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| Profit and Loss Account |
( |
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| SHAREHOLDERS' FUNDS | (218,880) | 161,378 | |||
Page 1
AM-Invest Ltd
Abridged Balance Sheet (continued)
As at
31 May 2020
Director's responsibilities
-
The member has 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime. - The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
-
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 31 May 2020 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
|
Director
|
|
|
The notes on pages 3 to 4 form part of these financial statements.
Page 2
AM-Invest Ltd
Notes to the Abridged Financial Statements
For The Year Ended
31 May 2020
Notes to the Abridged Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
1.3.
Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
1.4.
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
2.
Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2019: NIL)
3.
Investments
| Total | |
|---|---|
| £ | |
| Cost | |
| As at
|
- |
| Additions | 264,932 |
| As at
|
264,932 |
| Provision | |
| As at
|
- |
| As at
|
- |
| Net Book Value | |
| As at
|
264,932 |
| As at
|
- |
Page 3
AM-Invest Ltd
Notes to the Abridged Financial Statements (continued)
For The Year Ended
31 May 2020
4.
Debtors
| 2020 | 2019 | ||
|---|---|---|---|
| £ | £ | ||
| Due after more than one year | |||
| Other debtors |
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5.
Share Capital
| 2020 | 2019 | ||
|---|---|---|---|
| Called Up Share Capital not Paid |
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| Amount of Allotted, Called Up Share Capital |
|
|
|
1,000 Ordinary shares of £1 each
6.
General Information
AM-Invest Ltd
is a private company, limited by shares, incorporated in England & Wales, registered number
05827475
. The registered office is Queens House , 180 Tottenham Court Road , London , W1T 7PD.
Page 4