A.M.B. Developments Limited - Abbreviated accounts

A.M.B. DEVELOPMENTS LIMITED - Company Information

Registered number

03854695

A.M.B. Developments Limited

Abbreviated Accounts

30 September 2016

A.M.B. Developments Limited

Report to the directors on the preparation of the unaudited abbreviated accounts of A.M.B. Developments Limited for the year ended 30 September 2016
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated accounts of A.M.B. Developments Limited for the year ended 30 September 2016 which comprise of the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com/
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163.

BKB Accountants Ltd
Chartered Certified Accountants
3 Vista Place
Ingworth Road
Poole
Dorset
BH12 1JY

20 July 2017

A.M.B. Developments Limited
Registered number:		03854695
Abbreviated Balance Sheet
as at 30 September 2016

Notes			2016			2015
£				£
Fixed assets
Tangible assets	2		764,384			765,176

Current assets
Stocks		473,125			411,506
Debtors		10,722			122,196
Cash at bank and in hand		263,943			469,040
		747,790			1,002,742

Creditors: amounts falling due within one year		(287,876)			(309,941)

Net current assets			459,914			692,801

Total assets less current liabilities			1,224,298			1,457,977

Creditors: amounts falling due after more than one year			(452,025)			(480,217)

Provisions for liabilities			(877)			(875)


Net assets			771,396			976,885

Capital and reserves
Called up share capital	4		110			110
Revaluation reserve			252,787			252,787
Profit and loss account			518,499			723,988

Shareholders' funds			771,396			976,885

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.



Mr A M Burke
Director
Approved by the board on 20 July 2017

A.M.B. Developments Limited
Notes to the Abbreviated Accounts
for the year ended 30 September 2016

1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

	Turnover
	Turnover from land and property is in respect of total proceeds at legal completion and represents amounts receivable, net of discounts and VAT.

	Depreciation
	Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

	Plant and machinery			25% on reducing balance
	Office equipment and fittings			25% on reducing balance
	Computer equipment			25% on cost
	Motor vehicles			25% on reducing balance
	Investment property			Market value determined by directors

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

	Deferred taxation
	Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.

	Leasing and hire purchase commitments
	Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding. Rentals paid under operating leases are charged to income on a straight line basis over the lease term.

	Employee Benefit Trust
	The company has purchased a trust for the benefit of employees and certain of their dependants. Monies held in this trust are held by independent trustees and managed at their discretion. Where the company retains future economic benefit from and has defacto control of the assets and liabilities of the trust, they are accounted for as assets and liabilities of the company until the earlier of the date that assets of the date an allocation of trust funds to employees in respect of past services is declared and the date that assets of the trust vest in identified individuals. Where monies held in a trust are determined by the company on the basis of employees' past services to the business and the company can obtain no future economic benefit from these monies, whether in trust or accrued for by the company are charged to the profit and loss account in the period to which they relate.


2	Tangible fixed assets					£

	Cost/ Valuation
	At 1 October 2015					800,805
	Additions					669
	At 30 September 2016					801,474

	Depreciation
	At 1 October 2015					35,629
	Charge for the year					1,461
	At 30 September 2016					37,090

	Net book value
	At 30 September 2016					764,384
	At 30 September 2015					765,176


3	Loans					2016		2015
£							£
	Creditors include:
	Amounts falling due for payment after more than five years					340,089		367,737
	Secured bank loans					480,009		508,337


4	Share capital	Nominal		2016		2016		2015
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		100		100		100
	B Ordinary shares	£1 each		10		10		10
						110		110

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