AMAROC LIMITED Small abridged accounts

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Statement of Consent to Prepare Abridged Financial Statements

All of the members of AMAROC LIMITED have consented to the preparation of the statement of income and retained earnings and the abridged statement of financial position for the year ending 31st December 2016 in accordance with Section 444(2A) of the Companies Act 2006.

COMPANY REGISTRATION NUMBER: 08806811

AMAROC LIMITED

Unaudited Abridged Financial Statements

31 December 2016

MORGWN ATKINS LIMITED

Chartered Accountants

Eight Bells House

14 Church Street

Tetbury

Gloucestershire

GL8 8JG

AMAROC LIMITED

Abridged Financial Statements

Year ended 31st December 2016

Contents	Page

Chartered accountants report to the board of directors on the preparation of the unaudited statutory abridged financial statements	1

Abridged statement of financial position	2

Notes to the abridged financial statements	4

AMAROC LIMITED

Chartered Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Abridged Financial Statements of AMAROC LIMITED

Year ended 31st December 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abridged financial statements of AMAROC LIMITED for the year ended 31st December 2016, which comprise the abridged statement of financial position 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the Board of Directors of AMAROC LIMITED, as a body, in accordance with the terms of our engagement letter dated 9th December 2013. Our work has been undertaken solely to prepare for your approval the abridged financial statements of AMAROC LIMITED and state those matters that we have agreed to state you, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than AMAROC LIMITED and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that AMAROC LIMITED has kept adequate accounting records and to prepare statutory abridged financial statements that give a true and fair view of the assets, liabilities, financial position and profit of AMAROC LIMITED. You consider that AMAROC LIMITED is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the abridged financial statements of AMAROC LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory abridged financial statements.

MORGWN ATKINS LIMITED Chartered Accountants

Eight Bells House 14 Church Street Tetbury Gloucestershire GL8 8JG

28 September 2017

AMAROC LIMITED

Abridged Statement of Financial Position

31 December 2016

	2016		2015
Note	£	£	£

Fixed assets

Tangible assets	6		8,491	11,311

Current assets

Stocks	94,984	51,023
Debtors	71,268	22,167
Cash at bank and in hand	7,723	4,425
	---------	--------
	173,975	77,615

Creditors: amounts falling due within one year	182,113		93,556
	---------		--------
Net current liabilities		8,138	15,941
		-------	--------
Total assets less current liabilities		353	( 4,630)
		----	-------
Net assets/(liabilities)		353	( 4,630)
		----	-------

AMAROC LIMITED

Abridged Statement of Financial Position (continued)

31 December 2016

	2016		2015
Note	£	£	£

Capital and reserves

Called up share capital	100	100
Profit and loss account	253	( 4,730)
	----	-------
Members funds/(deficit)	353	( 4,630)
	----	-------

These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31st December 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors responsibilities:

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

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements .

These abridged financial statements were approved by the board of directors and authorised for issue on 28 September 2017 , and are signed on behalf of the board by:

D P GODWIN	P GODWIN
Director	Director

P A LLEWELLYN
Director

Company registration number: 08806811

AMAROC LIMITED

Notes to the Abridged Financial Statements

Year ended 31st December 2016

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 9, River Ray Industrial Estate, Barnfield Road, Swindon, Wiltshire, SN2 2DT.

2. Statement of compliance

These abridged financial statements have been prepared in compliance with the provisions of FRS 102 Section 1A, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The abridged financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The abridged financial statements are prepared in sterling, which is the functional currency of the entity.

Transition to FRS 102

The entity transitioned from previous UK GAAP to FRS 102 as at 1st January 2015. Details of how FRS 102 has affected the reported financial position and financial performance is given in note 9.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Leasehold Improvements	-	10% straight line
Plant and Equipment	-	25% straight line
Fixtures and Fittings	-	25% straight line
Office Equipment	-	25% straight line

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

4. Staff costs

The average number of persons employed by the company during the year, including the directors, amounted to 6 (2015: 4).

5. Profit before taxation

Profit before taxation is stated after charging:

	2016	2015
	£	£
Depreciation of tangible assets	3,894	3,626
	-------	-------

6. Tangible assets

	£
Cost
At 1st January 2016	16,339
Additions	1,074
	--------
At 31st December 2016	17,413
	--------
Depreciation
At 1st January 2016	5,028
Charge for the year	3,894
	--------
At 31st December 2016	8,922
	--------
Carrying amount
At 31st December 2016	8,491
	--------
At 31st December 2015	11,311
	--------

7. Directors' advances, credits and guarantees

During the year the directors entered into the following advances and credits with the company:

	2016
	Balance brought forward	Advances/ (credits) to the directors	Balance outstanding
	£	£	£
D P GODWIN	( 6,158)	1,000	( 5,158)
P GODWIN	–	( 31,000)	( 31,000)
P A LLEWELLYN	( 9,947)	( 900)	( 10,847)
	--------	--------	--------
	(16,105)	(30,900)	(47,005)
	--------	--------	--------

	2015
	Balance brought forward	Advances/ (credits) to the directors	Balance outstanding
	£	£	£
D P GODWIN	( 1,038)	( 5,120)	( 6,158)
P GODWIN	–	–	–
P A LLEWELLYN	( 1,795)	( 8,152)	( 9,947)
	-------	--------	--------
	(2,833)	(13,272)	(16,105)
	-------	--------	--------

8. Related party transactions

The company was under the control of the directors throughout the current and previous period.

9. Transition to FRS 102

These are the first abridged financial statements that comply with FRS 102. The company transitioned to FRS 102 on 1st January 2015.

No transitional adjustments were required in equity or profit or loss for the year.