Abbreviated Company Accounts - AMG POWERTEC LIMITED

AMG POWERTEC LIMITED - Company Information

08042119 AMG POWERTEC LIMITED 2015-04-30 false 2014-05-01 2015-04-30 true 08042119 2014-05-01 2015-04-30 08042119 2015-04-30 08042119 2014-04-30 08042119 uk-gaap-cd-bus:Director1 2014-05-01 2015-04-30 08042119 uk-gaap-cd-bus:Director2 2014-05-01 2015-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-05-01 2015-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-04-30 iso4217:USD shares

Registered Number 08042119

AMG POWERTEC LIMITED

Abbreviated Accounts

30 April 2015

AMG POWERTEC LIMITED Registered Number 08042119

Abbreviated Balance Sheet as at 30 April 2015

	Notes	2015	2014
		$	$
Current assets
Debtors		3	3
Cash at bank and in hand		97,844	225,530
		97,847	225,533
Creditors: amounts falling due within one year		(1,900)	(1,885)
Net current assets (liabilities)		95,947	223,648
Total assets less current liabilities		95,947	223,648
Creditors: amounts falling due after more than one year		(164,147)	(266,457)
Total net assets (liabilities)		(68,200)	(42,809)
Capital and reserves
Called up share capital	2	3	3
Profit and loss account		(68,203)	(42,812)
Shareholders' funds		(68,200)	(42,809)

For the year ending 30 April 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 29 January 2016

And signed on their behalf by:
Michael Gordon, Director

AMG POWERTEC LIMITED Registered Number 08042119

Notes to the Abbreviated Accounts for the period ended 30 April 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective January 2015.

Turnover policy
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Other accounting policies
FOREIGN CURRENCIES
Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.

2Called Up Share Capital
Allotted, called up and fully paid:

	2015 $	2014 $
2 Ordinary shares of $1.60 each	3	3

Share capital consists of 2 shares bearing £1 par value each. The agreed USD equivalent is
$1.60.