| AMV LAW LTD |
Registered number |
|
|
|
|
|
|
|
06807805 |
| Abbreviated Balance Sheet |
| as at 31 October 2015 |
|
| Notes |
|
|
2015 |
|
|
2014 |
| £ |
£ |
| Fixed assets |
| Intangible assets |
2 |
|
|
88,954 |
|
|
111,193 |
| Tangible assets |
3 |
|
|
52,112 |
|
|
52,667 |
|
|
|
|
141,066 |
|
|
163,860 |
|
| Current assets |
| Debtors |
|
|
813,209 |
|
|
763,659 |
| Cash at bank and in hand |
|
|
1,738,668 |
|
|
1,079,083 |
|
|
|
2,551,877 |
|
|
1,842,742 |
|
| Creditors: amounts falling due within one year |
|
|
(583,775) |
|
|
(472,534) |
|
| Net current assets |
|
|
|
1,968,102 |
|
|
1,370,208 |
|
| Net assets |
|
|
|
2,109,168 |
|
|
1,534,068 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
4 |
|
|
1 |
|
|
1 |
| Profit and loss account |
|
|
|
2,109,167 |
|
|
1,534,067 |
|
| Shareholder's funds |
|
|
|
2,109,168 |
|
|
1,534,068 |
|
|
|
|
|
|
|
|
| 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. |
| The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges her 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. |
|
|
|
| Ms A Theodorides |
| Director |
|
|
| Approved by the board on 29 July 2016 |
|
| AMV LAW LTD |
| Notes to the Abbreviated Accounts |
| for the year ended 31 October 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 invoiced value of services supplied by the company, net of value added tax and trade discounts. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Plant and machinery |
25% on reducing balance |
|
|
|
The company has adopted the policy of not depreciating its tangible fixed assets in the year of purchase, but full depreciation will be provided in the year of disposal.
|
|
|
|
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, provided the amount is material in the context of the financial statements as a whole. 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. |
|
|
Leasing and hire purchase commitments |
|
Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability.
The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.
Rentals paid under operating leases are charged to income on a straight line basis over the lease term. |
|
|
Pensions |
|
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme. |
|
|
| 2 |
Intangible fixed assets |
£ |
|
|
Cost |
|
At 1 November 2014 |
222,386 |
|
At 31 October 2015 |
222,386 |
|
|
|
|
|
|
|
|
Amortisation |
|
At 1 November 2014 |
111,193 |
|
Provided during the year |
22,239 |
|
At 31 October 2015 |
133,432 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 October 2015 |
88,954 |
|
At 31 October 2014 |
111,193 |
|
|
|
|
|
|
|
|
Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.
|
|
|
| 3 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 November 2014 |
91,097 |
|
Additions |
12,612 |
|
At 31 October 2015 |
103,709 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 November 2014 |
38,430 |
|
Charge for the year |
13,167 |
|
At 31 October 2015 |
51,597 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 October 2015 |
52,112 |
|
At 31 October 2014 |
52,667 |
|
|
|
|
|
|
|
|
| 4 |
Share capital |
Nominal |
|
2015 |
|
2015 |
|
2014 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
1 |
|
1 |
|
1 |
|
|
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