G. S. Amar Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 03879263

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30TH APRIL 2015

FOR

G. S. AMAR LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

G S Amar

REGISTERED OFFICE:

134 Birmingham Road

Coventry

West Midlands

CV5 9HA

REGISTERED NUMBER:

03879263

ACCOUNTANTS:

Armstrongs

Chartered Accountants and Business Advisors

1&2 Mercia Village

Torwood Close

Westwood Business Park

Coventry

West Midlands

CV4 8HX

BANKERS:

The Royal Bank of Scotland

91-93 Regent Street

Leamington Spa

CV324NT

FIXED ASSETS

Tangible assets

2

32,646

16,070

CURRENT ASSETS

Stocks

39,282

10,290

Debtors

156,479

320,115

Cash at bank

43,265

93,906

239,026

424,311

CREDITORS

Amounts falling due within one year

249,625

401,298

NET CURRENT (LIABILITIES)/ASSETS

(10,599

)

23,013

TOTAL ASSETS LESS CURRENT LIABILITIES

22,047

39,083

PROVISIONS FOR LIABILITIES

5,081

1,448

NET ASSETS

16,966

37,635

CAPITAL AND RESERVES

Called up share capital

3

500

500

Profit and loss account

16,466

37,135

SHAREHOLDERS' FUNDS

16,966

37,635

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 28th January 2016 and were signed by:

G S Amar - 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

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on 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 taxation has been recognised as a liability or asset if transactions occurred at the balance sheet date that

gives rise to an obligation to pay more taxation in future or a right to pay less in taxation in future. An asset is not

recognised to the extent that transfer of economic benefit in future is uncertain. Deferred tax assets or liabilities

recognised have not been discounted as at the balance sheet date.

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 1st May 2014

132,430

Additions

25,041

At 30th April 2015

157,471

DEPRECIATION

At 1st May 2014

116,360

Charge for year

8,465

At 30th April 2015

124,825

NET BOOK VALUE

At 30th April 2015

32,646

At 30th April 2014

16,070

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

100

Ordinary

£1

100

100

100

Ordinary A

£1

100

100

100

Ordinary B

£1

100

100

100

Ordinary C

£1

100

100

100

Ordinary D

£1

100

100

500

500

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The director has signified that his directors current account has always been kept in credit and he will not charge

any interest on the monies held in his directors current account.

5.	ULTIMATE CONTROLLING PARTY

The company is controlled by Mr Amar (Director) who holds 30% of ordinary issued share capital and 100% of

ordinary A issued share capital.