Ashmore & Co Limited - Period Ending 2016-01-31

Registration number: 08836546

Ashmore & Co Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 January 2016
 

Chatha & Co
Chartered Certified Accountants
115-116 Spon End
Coventry
West Midlands
CV1 3HF

Ashmore & Co Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Ashmore & Co Limited
(Registration number: 08836546)
Abbreviated Balance Sheet at 31 January 2016

		Note			31 January 2016 £			31 January 2015 £
Fixed assets
Tangible fixed assets					962			1,283
Current assets
Debtors					285			285
Cash at bank and in hand					10,149			7,402
					10,434			7,687
Creditors: Amounts falling due within one year					(26,673)			(21,517)
Net current liabilities					(16,239)			(13,830)
Net liabilities					(15,277)			(12,547)
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					(15,377)			(12,647)
Shareholders' deficit					(15,277)			(12,547)

For the year ending 31 January 2016 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 director acknowledges his 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 director on 17 October 2016

.........................................
R Ashmore
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Ashmore & Co Limited
Notes to the Abbreviated Accounts for the Year Ended 31 January 2016
......... continued

1	Accounting policies

Basis of preparation

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 January 2015).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

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

Asset class	Depreciation method and rate
Plant and machinery	20% reducing balance

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

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.

Page 2

Ashmore & Co Limited
Notes to the Abbreviated Accounts for the Year Ended 31 January 2016
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 February 2015		1,711			1,711
At 31 January 2016		1,711			1,711
Depreciation
At 1 February 2015		428			428
Charge for the year		321			321
At 31 January 2016		749			749
Net book value
At 31 January 2016		962			962
At 31 January 2015		1,283			1,283

3	Share capital

Allotted, called up and fully paid shares

	31 January 2016						31 January 2015
		No.			£			No.			£
Ordinary shares of £1 each		100			100			100			100

4	Related party transactions

Director's advances and credits

	Year ended 31 January 2016 Advance/ Credit £	Year ended 31 January 2016 Repaid £	8 January 2014 to 31 January 2015 Advance/ Credit £	8 January 2014 to 31 January 2015 Repaid £
R Ashmore
Interest free non instalmeent loan.	(15,775)	3,016	(18,771)	-

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