Abbreviated Company Accounts - AMRIT HOLDINGS CO. LIMITED

Abbreviated Company Accounts - AMRIT HOLDINGS CO. LIMITED

AMRIT HOLDINGS CO. LIMITED - Company Information

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Registered Number 00831184

AMRIT HOLDINGS CO. LIMITED

Abbreviated Accounts

31 March 2016

AMRIT HOLDINGS CO. LIMITED Registered Number 00831184

Abbreviated Balance Sheet as at 31 March 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 88,698 88,772
88,698 88,772
Current assets
Debtors 794,729 1,235,534
Cash at bank and in hand 651,617 133,700
1,446,346 1,369,234
Creditors: amounts falling due within one year (860,597) (846,134)
Net current assets (liabilities) 585,749 523,100
Total assets less current liabilities 674,447 611,872
Total net assets (liabilities) 674,447 611,872
Capital and reserves
Called up share capital 3 100 100
Revaluation reserve 49,486 49,486
Profit and loss account 624,861 562,286
Shareholders' funds 674,447 611,872
  • For the year ending 31 March 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 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 16 December 2016

And signed on their behalf by:
DANIEL FLUSS, Director

AMRIT HOLDINGS CO. LIMITED Registered Number 00831184

Notes to the Abbreviated Accounts for the period ended 31 March 2016

1Accounting Policies

Basis of measurement and preparation of accounts
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 policy
The turnover shown in the profit and loss account represents amounts invoiced during the year.

Tangible assets depreciation policy
Depreciation 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:

Fixtures & Fittings - 25% reducing balance
Computer - 33.33% on cost

Other accounting policies
Investment properties

SSAP 19 requires investment properties to be included in the balance sheet at their open market value. In the opinion of the directors the costs involved in obtaining such a valuation outweigh the benefits to be gained by doing so. No depreciation is provided in respect of investment properties.

Operating lease agreements

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either 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.

2Tangible fixed assets
£
Cost
At 1 April 2015 105,280
Additions -
Disposals -
Revaluations -
Transfers -
At 31 March 2016 105,280
Depreciation
At 1 April 2015 16,508
Charge for the year 74
On disposals -
At 31 March 2016 16,582
Net book values
At 31 March 2016 88,698
At 31 March 2015 88,772

All fixed assets are initially recorded at cost.

3Called Up Share Capital
Allotted, called up and fully paid:
2016
£		 2015
£
100 Ordinary shares of £1 each 100 100