Amc (Cricklewood) Ltd - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 09018879 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE PERIOD 30 APRIL 2014 TO 30 APRIL 2015

FOR

AMC (CRICKLEWOOD) LTD

Page

Company Information

1

Report of the Accountants

2

Abbreviated Balance Sheet

3

Notes to the Abbreviated Accounts

5

DIRECTORS:

J R Ball

P J Chaplin

D Palmer

SECRETARY:

P J Chaplin

REGISTERED OFFICE:

242 Cricklewood Lane

London

NW2 2PU

REGISTERED NUMBER:

09018879 (England and Wales)

ACCOUNTANTS:

Chaplin Associates (Oxon) Ltd

Gates End

Fairmile

Henley-On-Thames

Oxfordshire

RG9 2JY

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages three to six)

have been prepared.

As described on the balance sheet you are responsible for the preparation of the financial statements for the period

ended 30 April 2015 set out on pages four to ten and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to

fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Chaplin Associates (Oxon) Ltd

Gates End

Fairmile

Henley-On-Thames

Oxfordshire

RG9 2JY

23 November 2015

FIXED ASSETS

Intangible assets

2

560,000

Tangible assets

3

220,962

780,962

CURRENT ASSETS

Stocks

36,933

Debtors

39,271

Cash at bank and in hand

55,511

131,715

CREDITORS

Amounts falling due within one year

(100,787

)

NET CURRENT ASSETS

30,928

TOTAL ASSETS LESS CURRENT LIABILITIES

811,890

CREDITORS

Amounts falling due after more than one year

(651,672

)

PROVISIONS FOR LIABILITIES

(12,462

)

NET ASSETS

147,756

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

147,656

SHAREHOLDERS' FUNDS

147,756

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 April 2015.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 April 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 23 November 2015 and were signed on its behalf by:

P J Chaplin - 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.

Goodwill

As a departure from FRS10 the members have not amortised goodwill in these financial statements. This

treatment is adopted on the basis of the true and fair override concept in the preparation of financial

statements. Veterinary businesses tend to increase in value over time and amortisation of goodwill would be in

conflict with this underlying commercial reality.

The members will carry out a regular impairment review to confirm whether the current value of goodwill is at

least equal to its carrying value. If not, the goodwill will be written down to the lower value determined in the

impairment review.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

All fixed assets are recorded at initial cost.

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those

held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance

leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

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.	INTANGIBLE FIXED ASSETS

Total

£

COST

Additions

560,000

At 30 April 2015

560,000

NET BOOK VALUE

At 30 April 2015

560,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

15,680

Transfer to ownership

225,742

At 30 April 2015

241,422

DEPRECIATION

Charge for period

20,460

At 30 April 2015

20,460

NET BOOK VALUE

At 30 April 2015

220,962

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

100

Ordinary

£1

100

100 Ordinary shares of £1 were issued during the period for cash of £ 100 .

5.	RELATED PARTY DISCLOSURES

AMC London

Is a freehold owner receiving rent

Owned 50% Dwynwen Palmer, 25% Philip Chaplin & 25% John Ball.

All intercompany transactions are at arms length and are on a fully commercial basis.