Am-ex (American Exports) Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: SC074357 (Scotland)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

FOR

AM-EX (AMERICAN EXPORTS) LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

I W D D McClain

Mrs L E M McClain

SECRETARY:

Mrs L E M McClain

REGISTERED OFFICE:

Crosbie Towers

West Kilbride

Ayrshire

KA23 9PH

REGISTERED NUMBER:

SC074357 (Scotland)

ACCOUNTANTS:

Kean Jarman & Company

Chartered Accountants

27 Ingram Street

Glasgow

G1 1HA

FIXED ASSETS

Tangible assets

2

82,639

81,987

CURRENT ASSETS

Stocks

53,779

47,899

Debtors

84,856

33,537

Cash at bank and in hand

42,670

130,431

181,305

211,867

CREDITORS

Amounts falling due within one year

9,334

51,656

NET CURRENT ASSETS

171,971

160,211

TOTAL ASSETS LESS CURRENT LIABILITIES

254,610

242,198

CAPITAL AND RESERVES

Called up share capital

3

54

54

Profit and loss account

254,556

242,144

SHAREHOLDERS' FUNDS

254,610

242,198

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 directors acknowledge their 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 Board of Directors on 19 November 2015 and were signed on its behalf by:

I W D D McClain - Director

Mrs L E M McClain - 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

-

10% on reducing balance

Computer equipment

-

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

90,160

Additions

1,308

At 31 March 2015

91,468

DEPRECIATION

At 1 April 2014

8,173

Charge for year

656

At 31 March 2015

8,829

NET BOOK VALUE

At 31 March 2015

82,639

At 31 March 2014

81,987

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.15

31.3.14

value:

£

£

54

Ordinary

1

54

54