| Ashmar & C0 (London ) Ltd |
| Registered number: |
05154429 |
| Abbreviated Balance Sheet |
| as at 30 September 2015 |
|
| Notes |
|
|
2015 |
|
|
2014 |
| £ |
£ |
| Fixed assets |
| Intangible assets |
2 |
|
|
62,100 |
|
|
69,000 |
| Tangible assets |
3 |
|
|
801 |
|
|
1,068 |
|
|
|
|
62,901 |
|
|
70,068 |
|
| Current assets |
| Debtors |
|
|
10,840 |
|
|
8,259 |
| Cash at bank and in hand |
|
|
2,556 |
|
|
5,831 |
|
|
|
13,396 |
|
|
14,090 |
|
| Creditors: amounts falling due within one year |
|
|
(41,037) |
|
|
(40,417) |
|
| Net current liabilities |
|
|
|
(27,641) |
|
|
(26,327) |
|
| Net assets |
|
|
|
35,260 |
|
|
43,741 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
4 |
|
|
100 |
|
|
100 |
| Profit and loss account |
|
|
|
35,160 |
|
|
43,641 |
|
| Shareholders' funds |
|
|
|
35,260 |
|
|
43,741 |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| Members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
| Mr N Shah |
| Director |
| Approved by the board on 20 May 2016 |
|
| Ashmar & C0 (London ) Ltd |
| Notes to the Abbreviated Accounts |
| for the year ended 30 September 2015 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts 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 the value, net of value added tax of services provided to clients.In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.
|
|
|
Goodwill |
|
Positive purchased goodwill arising on acquisitions is capitalised, classified as an asset on the Balance Sheet and amortised over its estimated useful life up to a maximum of 20 years. This length of time is presumed to be the maximum useful life of purchased goodwill because it is difficult to make projections beyond this period. Goodwill is reviewed for impairment at the end of the first full financial year following each acquisition and subsequently as and when necessary if circumstances emerge that indicate that the carrying value may not be recoverable.
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Goodwill - over 20 years.
|
|
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Equipment |
25 % on net book value |
|
|
|
Deferred taxation |
|
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse. |
|
|
| 2 |
Intangible fixed assets |
£ |
|
|
Cost |
|
At 1 October 2014 |
138,000 |
|
At 30 September 2015 |
138,000 |
|
|
|
|
|
|
|
|
Amortisation |
|
At 1 October 2014 |
69,000 |
|
Provided during the year |
6,900 |
|
At 30 September 2015 |
75,900 |
|
|
|
|
|
|
|
|
Net book value |
|
At 30 September 2015 |
62,100 |
|
At 30 September 2014 |
69,000 |
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 October 2014 |
4,738 |
|
At 30 September 2015 |
4,738 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 October 2014 |
3,670 |
|
Charge for the year |
267 |
|
At 30 September 2015 |
3,937 |
|
|
|
|
|
|
|
|
Net book value |
|
At 30 September 2015 |
801 |
|
At 30 September 2014 |
1,068 |
|
|
|
|
|
|
|
|
| 4 |
Share capital |
Nominal |
|
2015 |
|
2015 |
|
2014 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
100 |
|
100 |
|
100 |
|
|
|
|
|
|
|
|
|
