AM Training and Development Limited - Abbreviated accounts

AM TRAINING AND DEVELOPMENT LIMITED - Company Information

Registered number

06113331

AM Training and Development Limited

Abbreviated Accounts

31 March 2014

AM Training and Development Limited
Registered number:		06113331
Abbreviated Balance Sheet
as at 31 March 2014

Notes			2014			2013
£				£
Fixed assets
Tangible assets	2		1			79

Current assets
Debtors		646			926
Cash at bank and in hand		19,066			16,960
		19,712			17,886

Creditors: amounts falling due within one year		(4,698)			(7,582)

Net current assets			15,014			10,304

Net assets			15,015			10,383

Capital and reserves
Called up share capital	3		100			100
Profit and loss account			14,915			10,283

Shareholder's funds			15,015			10,383

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.



A Meadows
Director
Approved by the board on 3 October 2014

AM Training and Development Limited
Notes to the Abbreviated Accounts
for the year ended 31 March 2014


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 and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

	Depreciation
	Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

	Plant and machinery			33% straight line

	Stocks
	Stock is valued at the lower of cost and net realisable 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.

	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.

	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.


2	Tangible fixed assets					£

	Cost
	At 1 April 2013					235
	At 31 March 2014					235

	Depreciation
	At 1 April 2013					156
	Charge for the year					78
	At 31 March 2014					234

	Net book value
	At 31 March 2014					1
	At 31 March 2013					79


3	Share capital	Nominal		2014		2014		2013
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		100		100		100