Amanda Morris Limited - Accounts to registrar - small 17.1.1

REGISTERED NUMBER: 07625877 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2017

for

Amanda Morris Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs A J Weston

REGISTERED OFFICE:

First Floor

7 Pillory Street

Nantwich

Cheshire

CW5 5BZ

REGISTERED NUMBER:

07625877 (England and Wales)

FIXED ASSETS

Tangible assets

5

3,921

5,229

CURRENT ASSETS

Debtors

6

2,010

2,204

Cash at bank

10,019

2,894

12,029

5,098

CREDITORS

Amounts falling due within one year

7

7,678

4,504

NET CURRENT ASSETS

4,351

594

TOTAL ASSETS LESS CURRENT LIABILITIES

8,272

5,823

CREDITORS

Amounts falling due after more than one year

8

-

1,022

NET ASSETS

8,272

4,801

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

8,172

4,701

8,272

4,801

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 26 May 2017 and were signed by:

Mrs A J Weston - Director

1.	STATUTORY INFORMATION

Amanda Morris Limited ('The Company') is primarily engaged in the provision of physiotherapist services.

The company is a private company limited by shares and is incorporated in England and Wales. The address of

the principle place of business is Bridge Cottage, Cross Lane, Minshull Vernon, Crewe, Cheshire, CW1 4RG and

the registered office is First Floor, 7 Pillory Street, Nantwich, Cheshire, CW5 5BZ.The registered number can be

found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. This is the first set of financial statements prepared by the company in accordance with FRS 102 (Section 1A) and an explanation of how the transition has affected the reporting financial position and financial performance is given in note 10.

3.	ACCOUNTING POLICIES

Summary of significant accounting policies

The principle accounting policies applied in the preparation of these financial statements are set out below.

These policies have been consistently applied to all years presented, unless otherwise stated.

Basis of preparation

The financial statements are prepared on the going concern basis under the historical cost convention and comply

with the United Kingdom Accounting Standards and Companies Act 2006.

Going concern

No material uncertainties that may cast significant doubt about the ability of the company to continue as a going

concern have been identified by the director.

On this basis the director considers it appropriate to prepare the financial statements on the going concern basis.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that that have been enacted or

substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element

of the future payments is treated as a liability.

Impairment of assets

Assets not measured at fair value are reviewed for any indications that the asset maybe impaired at each

statement of financial position date. If such indications exists the recoverable amount of the asset or the assets

cash generating unit is estimated and compared to the carrying amount. Where the carrying amount exceeds its

recoverable amount, an impairment loss is recognised unless the asset is carried at a revalued amount where the

impairment loss is a revaluation decrease.

Any losses arising from impairment are recognised in the Statement of Comprehensive Income under the

appropriate heading.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 April 2016

and 31 March 2017

3,000

10,707

1,399

15,106

DEPRECIATION

At 1 April 2016

2,288

6,190

1,399

9,877

Charge for year

178

1,130

-

1,308

At 31 March 2017

2,466

7,320

1,399

11,185

NET BOOK VALUE

At 31 March 2017

534

3,387

-

3,921

At 31 March 2016

712

4,517

-

5,229

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Fixtures

and

fittings

£

COST

At 1 April 2016

and 31 March 2017

6,000

DEPRECIATION

At 1 April 2016

3,469

Charge for year

633

At 31 March 2017

4,102

NET BOOK VALUE

At 31 March 2017

1,898

At 31 March 2016

2,531

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Other debtors

2,010

2,204

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Hire purchase contracts

1,022

1,500

Trade creditors

-

80

Tax

5,694

1,746

Social security and other taxes

5

305

Director's loan account

87

3

Accrued expenses

870

870

7,678

4,504

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Hire purchase contracts

-

1,022

9.	SECURED DEBTS

The following secured debts are included within creditors:

2017

2016

£

£

Hire purchase contracts

1,022

2,522

10.	TRANSITION TO FRS 102 (SECTION 1A)

The company has adopted FRS 102 (Section 1A) for the year ended 31 March 2017. No restatement of the

comparative prior year amounts has been required.