Amo Sposa Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: SC421767 (Scotland)

AMO SPOSA LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mrs M Menzies

REGISTERED OFFICE:

PO Box 26037

Ayrshire Business Centre

Kilmaurs

Kilmarnock

REGISTERED NUMBER:

SC421767 (Scotland)

ACCOUNTANTS:

Nicolson Accountancy (incorp Count Accountancy)

33 Townhead

Kilmaurs

Kilmarnock

Ayrshire

KA3 2YG

FIXED ASSETS

Tangible assets

2

5,575

7,433

CURRENT ASSETS

Stocks

19,207

900

Cash at bank

6,579

3,800

25,786

4,700

CREDITORS

Amounts falling due within one year

52,869

27,919

NET CURRENT LIABILITIES

(27,083

)

(23,219

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(21,508

)

(15,786

)

CAPITAL AND RESERVES

Called up share capital

3

20

20

Profit and loss account

(21,528

)

(15,806

)

SHAREHOLDERS' FUNDS

(21,508

)

(15,786

)

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 her 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 31 December 2015 and were signed by:

Mrs M Menzies - 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.

Fixtures and fittings

-

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.

Hire purchase and leasing commitments

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.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

and 31 March 2015

8,745

DEPRECIATION

At 1 April 2014

1,312

Charge for year

1,858

At 31 March 2015

3,170

NET BOOK VALUE

At 31 March 2015

5,575

At 31 March 2014

7,433

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.15

31.3.14

value:

£

£

20

Ordinary

£1

20

20