ATM_LANDMARK_LIMITED - Accounts

ATM LANDMARK LIMITED - Company Information

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Company Registration No. 06700468 (England and Wales)

ATM LANDMARK LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2016

ATM LANDMARK LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

ATM LANDMARK LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 OCTOBER 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

266

Current assets

Stocks

1,712

Debtors

7,505

Cash at bank and in hand

35,120

87,354

44,337

87,354

Creditors: amounts falling due within one year

(76,645)

(115,071)

Net current liabilities

(32,308)

(27,717)

Total assets less current liabilities

(32,308)

(27,451)

Capital and reserves

Called up share capital

100

Profit and loss account

(32,408)

(27,551)

Shareholders' funds

(32,308)

(27,451)

For the financial year ended 31 October 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 3 May 2017

S Price

Director

Company Registration No. 06700468

ATM LANDMARK LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 OCTOBER 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Equipment

33% Straight Line

1.4

Stock

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

1.5

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or entity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

1.6

Going concern

The director is of the opinion that the deficit in the company reserves will be reduced over the coming year. Until such time as the deficit is cleared the company will continue to rely on the support of its director.

Fixed assets

Tangible assets

Cost

At 1 November 2015 & at 31 October 2016

798

Depreciation

At 1 November 2015

532

Charge for the year

266

At 31 October 2016

798

Net book value

At 31 October 2016

At 31 October 2015

266

ATM LANDMARK LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 OCTOBER 2016

- 3 -

Share capital

2016

2015

Allotted, called up and fully paid

100 Ordinary of £1 each

100

Transactions with directors

Included within other debtors is an overdrawn directors loan account for S Price amounting to £7,505 (2015 - £37,931 Credit).

There were a number of transactions during the year resulting in a net withdrawal on the loan account of £45,436.

The loan bears no right to interest and has no set repayment terms.