P L Ambrose Limited - Accounts to registrar - small 17.2

P L Ambrose Limited - Accounts to registrar - small 17.2

P L AMBROSE LIMITED - Company Information

Print Friendly Version

IRIS Accounts Production v17.2.1.52 05227447 director 1.3.16 28.2.17 28.2.17 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure052274472016-02-29052274472017-02-28052274472016-03-012017-02-28052274472015-02-28052274472015-03-012016-02-29052274472016-02-2905227447ns15:EnglandWales2016-03-012017-02-2805227447ns14:PoundSterling2016-03-012017-02-2805227447ns10:Director12016-03-012017-02-2805227447ns10:PrivateLimitedCompanyLtd2016-03-012017-02-2805227447ns10:SmallEntities2016-03-012017-02-2805227447ns10:AuditExempt-NoAccountantsReport2016-03-012017-02-2805227447ns10:SmallCompaniesRegimeForDirectorsReport2016-03-012017-02-2805227447ns10:SmallCompaniesRegimeForAccounts2016-03-012017-02-2805227447ns10:FullAccounts2016-03-012017-02-280522744712016-03-012017-02-2805227447ns10:OrdinaryShareClass12016-03-012017-02-2805227447ns10:CompanySecretary12016-03-012017-02-2805227447ns10:RegisteredOffice2016-03-012017-02-2805227447ns5:CurrentFinancialInstruments2017-02-2805227447ns5:CurrentFinancialInstruments2016-02-2905227447ns5:ShareCapital2017-02-2805227447ns5:ShareCapital2016-02-2905227447ns5:RetainedEarningsAccumulatedLosses2017-02-2805227447ns5:RetainedEarningsAccumulatedLosses2016-02-2905227447ns5:NetGoodwill2016-03-012017-02-2805227447ns5:IntangibleAssetsOtherThanGoodwill2016-03-012017-02-2805227447ns5:NetGoodwill2016-02-2905227447ns5:NetGoodwill2017-02-2805227447ns5:NetGoodwill2016-02-2905227447ns10:OrdinaryShareClass12017-02-2805227447ns10:Director112016-02-2905227447ns10:Director112015-02-2805227447ns10:Director112016-03-012017-02-2805227447ns10:Director112015-03-012016-02-2905227447ns10:Director112017-02-2805227447ns10:Director112016-02-29


REGISTERED NUMBER: 05227447 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2017

for

P L Ambrose Limited

P L Ambrose Limited (Registered number: 05227447)






Contents of the Financial Statements
for the Year Ended 28 February 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


P L Ambrose Limited

Company Information
for the Year Ended 28 February 2017







DIRECTOR: Mr P L Ambrose





SECRETARY: Dr E Ambrose





REGISTERED OFFICE: 1 Pinnacle Way
Pride Park
Derby
Derbyshire
DE24 8ZS





REGISTERED NUMBER: 05227447 (England and Wales)





ACCOUNTANTS: Franklin Underwood
1 Pinnacle Way
Pride Park
Derby
Derbyshire
DE24 8ZS
Page 1
P L Ambrose Limited (Registered number: 05227447)

Balance Sheet
28 February 2017

2017 2016
Notes £    £   
CURRENT ASSETS
Debtors 5 136,378 117,570
Cash at bank 884,625 917,071
1,021,003 1,034,641
CREDITORS
Amounts falling due within one year 6 2,120 811
NET CURRENT ASSETS 1,018,883 1,033,830
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,018,883
1,033,830

CAPITAL AND RESERVES
Called up share capital 7 1 1
Retained earnings 1,018,882 1,033,829
SHAREHOLDERS' FUNDS 1,018,883 1,033,830

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 30 August 2017 and were signed by:





Mr P L Ambrose - Director


The notes form part of these financial statements

Page 2
P L Ambrose Limited (Registered number: 05227447)

Notes to the Financial Statements
for the Year Ended 28 February 2017

1. STATUTORY INFORMATION

P L Ambrose Limited is a private company, limited by shares , registered in England and Wales. The company's
registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention.

Goodwill
Purchased goodwill is amortised at rates calculated to write off the assets on a straight line basis over their
estimated useful economic lives as follows:

Goodwill - fifteen years

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost
less any accumulated amortisation and any accumulated impairment losses.

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 have been enacted or
substantively enacted by the balance sheet date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2016
and 28 February 2017 427,433
AMORTISATION
At 1 March 2016
and 28 February 2017 427,433
NET BOOK VALUE
At 28 February 2017 -
At 29 February 2016 -

Goodwill arose on the purchase of the company's share in Cheffins.

Page 3 continued...
P L Ambrose Limited (Registered number: 05227447)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2017

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Directors' current accounts 136,378 117,570

Other than as stated under directors loan account above, none of the above amounts related to amounts due from
the director or shareholder of the company either directly or indirectly.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Tax 1,406 31
Accruals and deferred income 714 780
2,120 811

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2017 2016
value: £    £   
1 Ordinary £1 1 1

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2017 and
29 February 2016:

2017 2016
£    £   
Mr P L Ambrose
Balance outstanding at start of year 117,570 118,581
Amounts advanced 162,536 138,989
Amounts repaid (143,728 ) (140,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 136,378 117,570

The loan balance has been charged interest at a rate of 3.00% per annum.

The full balance was cleared within nine months of the year end.

9. FIRST YEAR ADOPTION

These financial statements for the year( or period) ended 28 February 2017 are the first financial statements that
comply with FRS 102 Section 1A small entities. The date of transition is 1 March 2015. The transition to FRS
102 Section 1A small entities has resulted in no changes in the amounts stated in these accounts to those stated
previously.


Page 4