ALMAR_BUSINESS_SOLUTIONS_ - Accounts

ALMAR BUSINESS SOLUTIONS LIMITED - Company Information

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Company Registration No. 4541322 (England and Wales)

ALMAR BUSINESS SOLUTIONS LIMITED

DIRECTOR'S REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2015

ALMAR BUSINESS SOLUTIONS LIMITED

COMPANY INFORMATION

Director

Mr A A Dezyanian

Company number

4541322

Registered office

5 Richmond Road

East Finchley

London

Greater London

United Kingdom

N2 8JT

Accountants

Almar Business Solutions Limited

5 Richmond Road

East Finchley

London

Greater London

United Kingdom

N2 8JT

Business address

5 Richmond Road

East Finchley

London

Greater London

United Kingdom

N2 8JT

ALMAR BUSINESS SOLUTIONS LIMITED

CONTENTS

Page

Director's report

Accountants' report

Profit and loss account

Balance sheet

Notes to the financial statements

5 - 7

ALMAR BUSINESS SOLUTIONS LIMITED

DIRECTOR'S REPORT

FOR THE YEAR ENDED 31 MARCH 2015

- 1 -

The director presents his report and financial statements for the year ended 31 March 2015.

Director

The following director has held office since 1 April 2014:

Mr A A Dezyanian

This report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.

On behalf of the board

Mr A A Dezyanian

Director

25 November 2015

ALMAR BUSINESS SOLUTIONS LIMITED

ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF ALMAR BUSINESS SOLUTIONS LIMITED FOR THE YEAR ENDED 31 MARCH 2015

- 2 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Almar Business Solutions Limited for the year ended 31 March 2015 set out on pages 3 to 7 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at icaew.com/regulations.

This report is made solely to the Board of Directors of Almar Business Solutions Limited, as a body, in accordance with the terms of our engagement letter dated .......................... Our work has been undertaken solely to prepare for your approval the financial statements of Almar Business Solutions Limited and state those matters that we have agreed to state to the Board of Directors of Almar Business Solutions Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Almar Business Solutions Limited and its Board of Directors as a body, for our work or for this report.

It is your duty to ensure that Almar Business Solutions Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Almar Business Solutions Limited. You consider that Almar Business Solutions Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Almar Business Solutions Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Almar Business Solutions Limited

25 November 2015

Accountants

5 Richmond Road

East Finchley

London

Greater London

United Kingdom

N2 8JT

ALMAR BUSINESS SOLUTIONS LIMITED

PROFIT AND LOSS ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2015

- 3 -

2015

2014

Notes

Turnover

29,777

31,033

Cost of sales

(1,349)

Gross profit

29,777

29,684

Administrative expenses

(21,902)

(19,516)

Operating profit

7,875

10,168

Other interest receivable and similar income

Profit on ordinary activities before taxation

7,883

10,171

Tax on profit on ordinary activities

(1,577)

(2,034)

Profit for the year

6,306

8,137

The profit and loss account has been prepared on the basis that all operations are continuing operations.

There are no recognised gains and losses other than those passing through the profit and loss account.

ALMAR BUSINESS SOLUTIONS LIMITED

BALANCE SHEET

AS AT

31 MARCH 2015

- 4 -

2015

2014

Notes

Fixed assets

Tangible assets

3,489

4,255

Current assets

Cash at bank and in hand

7,659

2,999

Creditors: amounts falling due within one year

(3,755)

(4,928)

Net current assets/(liabilities)

3,904

(1,929)

Total assets less current liabilities

7,393

2,326

Capital and reserves

Called up share capital

Share premium account

2,286

Profit and loss account

5,105

Shareholders' funds

7,393

2,326

For the financial year ended 31 March 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board and authorised for issue on 25 November 2015

Mr A A Dezyanian

Director

Company Registration No. 4541322

ALMAR BUSINESS SOLUTIONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2015

- 5 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Fixtures, fittings & equipment

1.5

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

Operating profit

2015

2014

Operating profit is stated after charging:

Depreciation of tangible assets

766

1,418

Investment income

2015

2014

Bank interest

ALMAR BUSINESS SOLUTIONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2015

- 6 -

Taxation

2015

2014

Domestic current year tax

U.K. corporation tax

1,577

2,034

Total current tax

1,577

2,034

Factors affecting the tax charge for the year

Profit on ordinary activities before taxation

7,883

10,171

Profit on ordinary activities before taxation multiplied by standard rate of UK corporation tax of 0% (2014 - 0%)

Current tax charge for the year

Reconciliation - the current year tax charge does not reconcile to the above analysis. Please review figures in the database.

1,577

2,034

Dividends

2015

2014

Ordinary interim paid

1,239

8,100

Tangible fixed assets

Plant and machinery etc

Cost

At 1 April 2014 & at 31 March 2015

4,254

Depreciation

At 1 April 2014 & at 31 March 2015

765

Net book value

At 31 March 2015

3,489

At 31 March 2014

4,255

ALMAR BUSINESS SOLUTIONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2015

- 7 -

Creditors: amounts falling due within one year

2015

2014

Trade creditors

2,028

1,928

Taxation and social security

1,577

2,034

Other creditors

150

966

3,755

4,928

Share capital

2015

2014

Allotted, called up and fully paid

2 Class A Ordinary Shares of £1 each

Statement of movements on reserves

Share premium account

Profit and loss
account

Balance at 1 April 2014

2,286

Profit for the year

6,306

Dividends paid

(1,239)

Balance at 31 March 2015

2,286

5,105

Reconciliation of movements in Shareholders' funds

2015

2014

Profit for the financial year

6,306

8,137

Dividends

(1,239)

(8,100)

Net addition to shareholders' funds

5,067

Opening Shareholders' funds

2,326

2,289

Closing Shareholders' funds

7,393

2,326