Ammy & Sons Limited - Limited company - abbreviated - 11.6

Ammy & Sons Limited - Limited company - abbreviated - 11.6

AMMY & SONS LIMITED - Company Information

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REGISTERED NUMBER: 07812760 (England and Wales)


















AMMY & SONS LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 OCTOBER 2014






AMMY & SONS LIMITED (REGISTERED NUMBER: 07812760)

CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 OCTOBER 2014










Page

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

AMMY & SONS LIMITED (REGISTERED NUMBER: 07812760)

ABBREVIATED BALANCE SHEET
31 OCTOBER 2014

2014 2013
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 28,000 31,500
Tangible assets 3 12,281 15,352
40,281 46,852

CURRENT ASSETS
Stocks 40,000 45,000
Debtors 159 929
Cash at bank and in hand 28,317 20,670
68,476 66,599
CREDITORS
Amounts falling due within one year 108,374 111,407
NET CURRENT LIABILITIES (39,898 ) (44,808 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
383
2,044

CAPITAL AND RESERVES
Called up share capital 4 100 100
Profit and loss account 283 1,944
SHAREHOLDERS' FUNDS 383 2,044

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the
Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the
end of each financial year and of its profit or loss for each financial year in accordance with the requirements
of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006
relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the Board of Directors on 31 July 2015 and were signed on its behalf by:




S S Sandhu - Director


The notes on pages 2 to 3 form part of these abbreviated accounts

Page 1
AMMY & SONS LIMITED (REGISTERED NUMBER: 07812760)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 OCTOBER 2014


1. ACCOUNTING POLICIES

Accounting convention
The financial statements 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 receivable for goods and services net of VAT and trade discounts. Turnover is
recognised when the goods and services are delivered to the customer.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 10, is being amortised evenly over its estimated useful life of two years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and
slow moving items.

Deferred tax
Deferred taxation is provided at appropriate rates on all timing differences using the liability method only to
the extent that, in the opinion of the directors, there is a reasonable probability that a liability will crystallise in
the foreseeable future.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over
the period of the lease.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 November 2013
and 31 October 2014 35,000
AMORTISATION
At 1 November 2013 3,500
Amortisation for year 3,500
At 31 October 2014 7,000
NET BOOK VALUE

At 31 October 2014 28,000
At 31 October 2013 31,500

Page 2 continued...
AMMY & SONS LIMITED (REGISTERED NUMBER: 07812760)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2014


3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 November 2013
and 31 October 2014 18,722
DEPRECIATION
At 1 November 2013 3,370
Charge for year 3,071
At 31 October 2014 6,441
NET BOOK VALUE
At 31 October 2014 12,281
At 31 October 2013 15,352

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2014 2013
value: £    £   
100 Ordinary £ 1 100 100

5. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2014 and
31 October 2013:

2014 2013
£    £   
S S Sandhu
Balance outstanding at start of year (100,381 ) -
Amounts advanced 29,183 27,852
Amounts repaid (22,950 ) (128,233 )
Balance outstanding at end of year (94,148 ) (100,381 )

Page 3