Amo Sposa Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: SC421767 (Scotland)

AMO SPOSA LIMITED

ABBREVIATED ACCOUNTS

FOR THE PERIOD

1 APRIL 2015 TO 29 FEBRUARY 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mrs M Menzies

REGISTERED OFFICE:

71 King Street

Kilmarnock

Ayrshire

KA1 1PT

REGISTERED NUMBER:

SC421767 (Scotland)

ACCOUNTANTS:

Nicolson Accountancy

Trinity House

31 Lynedoch Street

Glasgow

G3 6EF

FIXED ASSETS

Tangible assets

2

4,181

5,575

CURRENT ASSETS

Stocks

14,207

19,207

Cash at bank

1,708

6,579

15,915

25,786

CREDITORS

Amounts falling due within one year

49,024

52,869

NET CURRENT LIABILITIES

(33,109

)

(27,083

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(28,928

)

(21,508

)

CAPITAL AND RESERVES

Called up share capital

3

20

20

Profit and loss account

(28,948

)

(21,528

)

SHAREHOLDERS' FUNDS

(28,928

)

(21,508

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 29 February 2016.

The members have not required the company to obtain an audit of its financial statements for the period ended 29 February 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 30 January 2017 and were signed by:

Mrs M Menzies - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements 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 net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 29 February 2016

8,745

DEPRECIATION

At 1 April 2015

3,170

Charge for period

1,394

At 29 February 2016

4,564

NET BOOK VALUE

At 29 February 2016

4,181

At 31 March 2015

5,575

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

29.2.16

31.3.15

value:

£

£

20

Ordinary

£1

20

20