AMITY_LIMITED - Accounts

AMITY LIMITED - Company Information

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Company Registration No. 03006418 (England and Wales)

AMITY LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2015

AMITY LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

AMITY LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 APRIL 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

384,435

57,646

Current assets

Stocks

350,339

343,655

Debtors

709,460

681,343

Cash at bank and in hand

397,055

211,379

1,456,854

1,236,377

Creditors: amounts falling due within one year

(495,527)

(611,205)

Net current assets

961,327

625,172

Total assets less current liabilities

1,345,762

682,818

Creditors: amounts falling due after more than one year

(281,358)

(68,496)

Provisions for liabilities

(10,352)

(11,499)

1,054,052

602,823

Capital and reserves

Called up share capital

1,000

Profit and loss account

1,053,052

601,823

Shareholders' funds

1,054,052

602,823

AMITY LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

30 APRIL 2015

- 2 -

For the financial year ended 30 April 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

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

Approved by the Board for issue on 8 January 2016

Mr R Singh

Mr M Tangestani-Nejad

Director

Company Registration No. 03006418

AMITY LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2015

- 3 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

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

Goodwill

Acquired goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised in equal annual instalments over its estimated useful economic life of five years.

1.5

Research and development

Research expenditure is written off to the profit and loss account in the year in which it is incurred. Development expenditure is written off in the same way unless the directors are satisfied as to the technical, commercial and financial viability of individual projects. In this situation, the expenditure is deferred and amortised over the period during which the company is expected to benefit.

1.6

Tangible fixed assets and depreciation

Tangible fixed assets other than freehold land 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:

Land and buildings Freehold

2% straight line on cost (50 years)

Plant and machinery

10% straight line on cost (10 years)

Fixtures, fittings & equipment

10% straight line on cost (10 years)

1.7

Stock

Stock is valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

1.8

Pensions

The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable.

1.9

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.

1.10

Foreign currency translation

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

AMITY LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 APRIL 2015

- 4 -

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 1 May 2014

65,000

78,811

143,811

Additions

342,728

At 30 April 2015

65,000

421,539

486,539

Depreciation

At 1 May 2014

65,000

21,165

86,165

Charge for the year

15,939

At 30 April 2015

65,000

37,104

102,104

Net book value

At 30 April 2015

384,435

At 30 April 2014

57,646

Creditors: amounts falling due within one year

The aggregate amount of creditors for which security has been given amounted to £43,345 (2014 - £90,369).

Creditors: amounts falling due after more than one year

2015

2014

Total amounts repayable by instalments which are due in more than five years

138,532

The aggregate amount of creditors for which security has been given amounted to £281,358 (2014 - £68,496).

Share capital

2015

2014

Allotted, called up and fully paid

1,000 Ordinary of £1 each

1,000