Company Registration No. 04508289 (England and Wales)
A M J Promotions Limited
Unaudited accounts
for the year ended 31 December 2020
A M J Promotions Limited
Unaudited accounts
Contents
A M J Promotions Limited
Company Information
for the year ended 31 December 2020
Company Number
04508289 (England and Wales)
Registered Office
50G Arundel Gardens
London
W11 2LB
Accountants
Leapman Weiss
Building 6
30 Friern Park
London
N12 9DA
A M J Promotions Limited
Statement of financial position
as at 31 December 2020
Cash at bank and in hand
69,656
69,698
Creditors: amounts falling due within one year
(25,600)
(29,174)
Net current assets
45,305
40,524
Total assets less current liabilities
45,306
40,525
Creditors: amounts falling due after more than one year
(17,500)
-
Called up share capital
4
4
Profit and loss account
22,805
35,524
Shareholders' funds
27,806
40,525
For the year ending 31 December 2020 the company was entitled to exemption from audit 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 her 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 21 September 2021 and were signed on its behalf by
Annette Jensen
Director
Company Registration No. 04508289
A M J Promotions Limited
Notes to the Accounts
for the year ended 31 December 2020
A M J Promotions Limited is a private company, limited by shares, registered in England and Wales, registration number 04508289. The registered office is 50G Arundel Gardens, London, W11 2LB.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% Straight line
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised
A M J Promotions Limited
Notes to the Accounts
for the year ended 31 December 2020
4
Tangible fixed assets
Fixtures & fittings
5
Debtors: amounts falling due within one year
2020
2019
6
Creditors: amounts falling due within one year
2020
2019
Taxes and social security
-
565
Loans from directors
24,304
27,274
7
Creditors: amounts falling due after more than one year
2020
2019
8
Average number of employees
During the year the average number of employees was 1 (2019: 1).
