Amiantus Environmental Consultants Limited - Abbreviated accounts

AMIANTUS ENVIRONMENTAL CONSULTANTS LIMITED - Company Information

AMIANTUS ENVIRONMENTAL CONSULTANTS LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2014

































Company Registration Number: 05648898

AMIANTUS ENVIRONMENTAL CONSULTANTS LIMITED

ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2014


CONTENTS									PAGES



Company information									1

Balance sheet									2 to 3

Notes to the abbreviated financial statements									4 to 6

AMIANTUS ENVIRONMENTAL CONSULTANTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2014


DIRECTOR

R Pearce


SECRETARY

Mrs A Pearce


REGISTERED OFFICE

Harvestway House
28 High Street
Witney
Oxfordshire
OX28 6RA


COMPANY REGISTRATION NUMBER

05648898 England and Wales

AMIANTUS ENVIRONMENTAL CONSULTANTS LIMITED

BALANCE SHEET
AS AT 31 December 2014


	Notes	2014		2013
		£		£

FIXED ASSETS
Tangible assets	2		6,767		3,577

CURRENT ASSETS
Debtors		235,984		222,999
Cash at bank and in hand		402		-


		236,386		222,999

CREDITORS: Amounts falling due		173,736		176,863
within one year


NET CURRENT ASSETS			62,650		46,136


TOTAL ASSETS LESS CURRENT LIABILITIES			69,417		49,713

CREDITORS: Amounts falling due			16,500		16,077
after more than one year

Provisions for liabilities and charges			1,353		715


NET ASSETS			51,564		32,921



CAPITAL AND RESERVES
Called up share capital	3		2		2
Profit and loss account			51,562		32,919


SHAREHOLDER'S FUNDS			51,564		32,921



These abbreviated accounts have been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006 and with the Financial Reporting Standard for Smaller Entities (effective April 2008).

For the financial year ended 31 December 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

Members have not required the company to obtain an audit in accordance with section 476 of the Act.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

Signed on behalf of the board


R Pearce
Director

Date approved by the board: 30 September 2015

AMIANTUS ENVIRONMENTAL CONSULTANTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2014


1	STATEMENT OF ACCOUNTING POLICIES

	Accounting convention

	The accounts have been prepared under the historical cost convention and are based on accounts prepared in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

	Going concern

	At the year end the company had external creditors of £190,236 including corporation tax and other taxes of £120,469. Also included within this balance are bank loans and overdrafts totalling £24,150, which could be required for repayment without notice. The company is therefore dependent upon the continued support of its creditors, its bank and its director.

	If the going concern basis was not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amounts, to provide for additional liabilities that might arise and to reclassify fixed assets as current assets.

	Turnover

	Turnover represents invoiced sales of services, stated net of value added tax.

	Turnover is recognised as contract activity progresses, in accordance with the terms of the contractual agreement and the stage of completion of the work. The amount of revenue reflects the partial performance of the company's contractual obligations. Where recorded turnover exceeds amounts invoiced to clients, the excess is classified as income.

	Tangible fixed assets

	Fixed assets are stated at cost less accumulated depreciation.

	Depreciation has been provided at the following rates so as to write off the cost less residual value of the assets over their estimated useful lives.

	Plant and machinery	Straight line basis at 25% per annum
	Motor vehicles	Straight line basis at 25% per annum
	Computer equipment	Straight line basis at 33% per annum

	Financial instruments

	Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either 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.

1	STATEMENT OF ACCOUNTING POLICIES (continued…)

	Deferred taxation

	Deferred taxation is the taxation attributable to timing differences between profits computed for taxation purposes and profits as stated in the financial statements and is fully provided for, except in circumstances where losses are deemed irrecoverable, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.

2	TANGIBLE ASSETS
					Tangible assets
					£
	Cost
	At 1 January 2014				12,832

	Additions				5,829

	Disposals				(2,500)


	At 31 December 2014				16,161


	Accumulated depreciation
	At 1 January 2014				9,255

	Charge for year				1,389

	Disposals				(1,250)


	At 31 December 2014				9,394


	Net book value
	At 1 January 2014				3,577


	At 31 December 2014				6,767


3	SHARE CAPITAL
		Nominal value	Number	2014	2013
		£		£	£
	Allotted, called up and fully paid:
	Ordinary shares	1	2	2	2


4	DIRECTOR'S TRANSACTIONS

	The company made an advance to the director during the year. The following amount was due to the company at the year end:

				2014	2013
				£	£
	R Pearce			161,618	139,739


	The maximum amount due to the company from the director during the year was as follows:

				2014	2013
				£	£
	R Pearce			161,618	141,892