Abbreviated Company Accounts - AMS 2264 LIMITED

05499882 AMS 2264 LIMITED 2015-07-31 false 2014-08-01 2015-07-31 true 05499882 2014-08-01 2015-07-31 05499882 2015-07-31 05499882 2014-07-31 05499882 uk-gaap-cd-bus:Director1 2014-08-01 2015-07-31 05499882 uk-gaap-cd-bus:Director2 2014-08-01 2015-07-31 uk-gaap-cd-bus:Director3 2014-08-01 2015-07-31 uk-gaap-cd-bus:Director3 2015-07-31 uk-gaap-cd-bus:Director3 2014-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-08-01 2015-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-07-31 iso4217:GBP shares

Registered Number 05499882

AMS 2264 LIMITED

Abbreviated Accounts

31 July 2015

AMS 2264 LIMITED Registered Number 05499882

Abbreviated Balance Sheet as at 31 July 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	10,015	25,625
		10,015	25,625
Current assets
Debtors		6,675	3,058
Investments		-	1,500
Cash at bank and in hand		5,561	3,424
		12,236	7,982
Creditors: amounts falling due within one year		(22,038)	(13,972)
Net current assets (liabilities)		(9,802)	(5,990)
Total assets less current liabilities		213	19,635
Creditors: amounts falling due after more than one year		-	(8,324)
Total net assets (liabilities)		213	11,311
Capital and reserves
Called up share capital	3	5	5
Profit and loss account		208	11,306
Shareholders' funds		213	11,311

For the year ending 31 July 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 April 2016

And signed on their behalf by:
Mr Jamie Loft, Director

AMS 2264 LIMITED Registered Number 05499882

Notes to the Abbreviated Accounts for the period ended 31 July 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

The accounts do not include a cash flow statement because the company, as a small reporting entity, is exempt from the requirements to prepare such a statement.

Turnover policy
Turnover represents amounts chargeable, net of value added tax imputed under the flat rate value added tax scheme, in respect of the goods and services to customers.

Tangible assets depreciation policy
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over the expected useful economic life as follows:

Motor Vehicles - 20% Straight Line
Fixtures and fittings - 20% Straight Line
Office equipment - 33% Straight Line

Other accounting policies
Current asset investments

Current asset investments are included at the lower of cost and net realisable value.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reserved at the balance sheet date.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Pensions

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the profit and loss account in the period to which they relate.

2Tangible fixed assets

	£
Cost
At 1 August 2014	51,140
Additions	1,427
Disposals	(24,350)
Revaluations	-
Transfers	-
At 31 July 2015	28,217
Depreciation
At 1 August 2014	25,515
Charge for the year	4,050
On disposals	(11,363)
At 31 July 2015	18,202
Net book values
At 31 July 2015	10,015
At 31 July 2014	25,625

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
5 Ordinary shares of £1 each	5	5

4Transactions with directors

Name of director receiving advance or credit:	Mr Jamie Loft
Description of the transaction:	Advances
Balance at 1 August 2014:	£ 0
Advances or credits made:	£ 44,329
Advances or credits repaid:	£ 39,976
Balance at 31 July 2015:	£ 4,353