Abbreviated Company Accounts - AMILLY INTERNATIONAL LIMITED

AMILLY INTERNATIONAL LIMITED - Company Information

04600049 AMILLY INTERNATIONAL LIMITED 2014-12-31 false 2014-01-01 2014-12-31 true 04600049 2014-01-01 2014-12-31 04600049 2014-12-31 04600049 2013-12-31 04600049 uk-gaap-cd-bus:Director1 2014-01-01 2014-12-31 04600049 uk-gaap-cd-bus:Director2 2014-01-01 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-01-01 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass2 2014-01-01 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass2 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass2 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass3 2014-01-01 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass3 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass3 2013-12-31 iso4217:GBP shares

Registered Number 04600049

AMILLY INTERNATIONAL LIMITED

Abbreviated Accounts

31 December 2014

AMILLY INTERNATIONAL LIMITED Registered Number 04600049

Abbreviated Balance Sheet as at 31 December 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	1,509,092	1,525,256
		1,509,092	1,525,256
Current assets
Stocks		269,102	286,887
Debtors		109,556	82,544
Cash at bank and in hand		77,811	188,192
		456,469	557,623
Creditors: amounts falling due within one year	3	(256,299)	(391,523)
Net current assets (liabilities)		200,170	166,100
Total assets less current liabilities		1,709,262	1,691,356
Creditors: amounts falling due after more than one year	3	(467,575)	(512,748)
Provisions for liabilities		(9,700)	(12,557)
Total net assets (liabilities)		1,231,987	1,166,051
Capital and reserves
Called up share capital	4	235,000	235,000
Profit and loss account		996,987	931,051
Shareholders' funds		1,231,987	1,166,051

For the year ending 31 December 2014 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 16 October 2015

And signed on their behalf by:
D W Watling, Director

AMILLY INTERNATIONAL LIMITED Registered Number 04600049

Notes to the Abbreviated Accounts for the period ended 31 December 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents amounts invoiced by the Company in respect of goods provided during the year, excluding value added tax.

Tangible assets depreciation policy
Depreciation is provided on all tangible fixed assets other than freehold land and buildings at rates calculated to write off the cost or valuation, less estimated residual value, of each asset over its expected useful life as follows:

Freehold land and buildings : nil
Building equipment and fixtures : 10% p.a. straight line
Equipment, furniture and fittings : 25% p.a. reducing balance

Freehold buildings have not been depreciated in the Accounts. Whilst there is no intention of disposing of the properties the Directors are of the opinion that their inclusion at historical cost does not detract from true and fair view and that this departure from standard accounting practice and the Companies Act 2006 is justified.

Intangible assets amortisation policy
Goodwill has been fully amortised over its estimated economic life of 10 years.

Valuation information and policy
Stocks are stated at the lower of cost and net realisable value as follows:

Cost is based on the expense incurred in bringing each product to its present location and condition.

Net realisable value is based on estimated selling price less further costs expected to be incurred to disposal.

Other accounting policies
Foreign Currencies
Transactions in foreign currencies are recorded at the actual exchange rate on the invoice date.

Monetary assets and liabilities expressed in foreign currencies are converted at the rate of exchange ruling at the balance sheet date.

All differences are taken to the profit and loss account

Deferred taxation
Deferred taxation is calculated at the current rate of corporation tax on all timing differences.

2Tangible fixed assets

	£
Cost
At 1 January 2014	1,640,472
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2014	1,640,472
Depreciation
At 1 January 2014	115,216
Charge for the year	16,164
On disposals	-
At 31 December 2014	131,380
Net book values
At 31 December 2014	1,509,092
At 31 December 2013	1,525,256

3Creditors

	2014 £	2013 £
Secured Debts	212,734	256,977

4Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
50,000 A Ordinary shares of £1 each	50,000	50,000
50,000 B Ordinary shares of £1 each	50,000	50,000
135,000 C Ordinary shares of £1 each	135,000	135,000