Accounting & Management Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 06265328 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2015

FOR

ACCOUNTING & MANAGEMENT LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

T A Gray

SECRETARY:

Mrs N K L Fox

REGISTERED OFFICE:

114 Church Street

Whitby

North Yorkshire

YO22 4DE

REGISTERED NUMBER:

06265328 (England and Wales)

FIXED ASSETS

Tangible assets

2

629

741

CURRENT ASSETS

Stocks

4,192

3,060

Debtors

16,749

25,984

Cash at bank and in hand

27,988

377

48,929

29,421

CREDITORS

Amounts falling due within one year

46,307

21,383

NET CURRENT ASSETS

2,622

8,038

TOTAL ASSETS LESS CURRENT LIABILITIES

3,251

8,779

PROVISIONS FOR LIABILITIES

81

109

NET ASSETS

3,170

8,670

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

3,070

8,570

SHAREHOLDERS' FUNDS

3,170

8,670

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 29 September 2015 and were signed by:

T A Gray - Director

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 net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

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

Plant and machinery etc

-

25% on reducing balance and 15% 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 tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

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.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

and 31 March 2015

2,298

DEPRECIATION

At 1 April 2014

1,557

Charge for year

112

At 31 March 2015

1,669

NET BOOK VALUE

At 31 March 2015

629

At 31 March 2014

741

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.15

31.3.14

value:

£

£

100

Ordinary

1

100

100

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2015 and

31 March 2014:

31.3.15

31.3.14

£

£

T A Gray

Balance outstanding at start of year

9,128

8,322

Amounts advanced

-

9,128

Amounts repaid

(9,128

)

(8,322

)

Balance outstanding at end of year

-

9,128

The above loan is subject to an interest rate charge of 4%.