Amtrade Int Limited - Limited company - abbreviated

REGISTERED NUMBER: 06033120 (England and Wales)

AMTRADE INT LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Dr A A Missankov

SECRETARY:

Mrs S P Missankov

REGISTERED OFFICE:

Dentabrite Clinic

4 Church Street

Diss

Norfolk

IP22 4DD

REGISTERED NUMBER:

06033120 (England and Wales)

ACCOUNTANTS:

Morris Crocker

Chartered Accountants

Station House

North Street

Havant

Hampshire

PO9 1QU

FIXED ASSETS

Intangible assets

2

89,046

111,293

Tangible assets

3

46,141

49,315

135,187

160,608

CURRENT ASSETS

Stocks

1,000

Debtors

89,664

86,448

Cash at bank

98,320

55,870

188,984

143,318

CREDITORS

Amounts falling due within one year

4

53,876

48,052

NET CURRENT ASSETS

135,108

95,266

TOTAL ASSETS LESS CURRENT
LIABILITIES

270,295

255,874

CREDITORS

Amounts falling due after more than one
year

4

(127,741

)

(140,231

)

PROVISIONS FOR LIABILITIES

(5,544

)

(5,992

)

NET ASSETS

137,010

109,651

CAPITAL AND RESERVES

Called up share capital

5

2

Profit and loss account

137,008

109,649

SHAREHOLDERS' FUNDS

137,010

109,651

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 3 November 2015 and were signed by:

Dr A A Missankov - 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 the provision of dental services during the year.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

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

Short leasehold

-

straight line over 15 years

Improvements to property

-

2% on cost

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% 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.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

and 31 March 2015

222,468

AMORTISATION

At 1 April 2014

111,175

Amortisation for year

22,247

At 31 March 2015

133,422

NET BOOK VALUE

At 31 March 2015

89,046

At 31 March 2014

111,293

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

99,099

Additions

7,005

At 31 March 2015

106,104

DEPRECIATION

At 1 April 2014

49,784

Charge for year

10,179

At 31 March 2015

59,963

NET BOOK VALUE

At 31 March 2015

46,141

At 31 March 2014

49,315

4.

CREDITORS

Creditors include an amount of £ 141,105 (2014 - £ 152,808 ) for which security has been given.

They also include the following debts falling due in more than five years:

2015

2014

£

Repayable by instalments

60,921

77,348

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

2

Ordinary

£1

2

6.	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:

2015

2014

£

Dr A A Missankov

Balance outstanding at start of year

72,232

44,010

Amounts advanced

97,774

104,835

Amounts repaid

(96,477

)

(76,613

)

Balance outstanding at end of year

73,529

72,232

7.	RELATED PARTY DISCLOSURES

During the year, dividends were paid to the director Dr A A Missankov totalling £37,500 (2014: £29,000).

Dividends were also paid to Mrs S P Missankov, company secretary and wife of the director, totalling

£37,500 (2014: £29,000).

8.	ULTIMATE CONTROLLING PARTY

The company is controlled by Dr A A Missankov and his wife Mrs S P Missankov who own all of the issued

share capital.

Amtrade Int Limited - Limited company - abbreviated - 11.9

Amtrade Int Limited - Limited company - abbreviated - 11.9