Amo Amas Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 07306612 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 July 2017

for

Amo Amas Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr L X P O'Donoghue

Mrs M Gaskell

Miss L O'Donoghue

SECRETARY:

Mrs M Gaskell

REGISTERED OFFICE:

East Meats

White Knowle

Chinley

Derbyshire

SK23 6EA

REGISTERED NUMBER:

07306612 (England and Wales)

ACCOUNTANTS:

J Davenport & Co. Ltd

Chartered Accountants

East Meats

White Knowle

Chinley

Derbyshire

SK23 6EA

FIXED ASSETS

Tangible assets

4

6,832

8,696

Investments

5

75

6,907

8,771

CURRENT ASSETS

Debtors

6

66,823

58,399

Cash at bank

6,731

60,453

73,554

118,852

CREDITORS

Amounts falling due within one year

7

38,820

76,426

NET CURRENT ASSETS

34,734

42,426

TOTAL ASSETS LESS CURRENT
LIABILITIES

41,641

51,197

PROVISIONS FOR LIABILITIES

1,237

1,581

NET ASSETS

40,404

49,616

CAPITAL AND RESERVES

Called up share capital

200

Retained earnings

40,204

49,416

SHAREHOLDERS' FUNDS

40,404

49,616

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2017 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 19 December 2017 and were signed on its behalf
by:

Mr L X P O'Donoghue - Director

1.	STATUTORY INFORMATION

Amo Amas 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.

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

Turnover

Turnover represents the value, net of value added tax calculated under the flat rate scheme, of work

carried out in respect of services provided to customers.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Financial instruments

Financial instruments are classified, and accounted for, according to the substance of the contractual

arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any

contract that evidences residual interest in the assets of the company after deducting all of its liabilities.

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.

Deferred tax

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

sheet 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 August 2016

22,777

Additions

413

At 31 July 2017

23,190

DEPRECIATION

At 1 August 2016

14,081

Charge for year

2,277

At 31 July 2017

16,358

NET BOOK VALUE

At 31 July 2017

6,832

At 31 July 2016

8,696

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 August 2016

and 31 July 2017

75

NET BOOK VALUE

At 31 July 2017

75

At 31 July 2016

75

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.17

31.7.16

£

Trade debtors

61,800

55,734

Amounts owed by group undertakings

4,400

1,900

Prepayments and accrued income

623

765

66,823

58,399

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.17

31.7.16

£

Other loans

1,093

15,392

Trade creditors

-

300

Tax

16,668

29,845

Social security and other taxes

1,414

1,423

VAT

18,071

13,775

Other creditors

60

1,266

Directors' current accounts

398

14,425

Accrued expenses

1,116

-

38,820

76,426

8.	RELATED PARTY DISCLOSURES

During the year, total dividends of £34,400 were paid to the directors .

At 31 July 2017 the company was owed £4,400 (2016 £1,900) by The Game Production Company Ltd., a

subsidiary. No interest has been charged by the company in respect of this loan which is repayable on demand

and classified in debtors due within one year.

At 31 July 2017 the company owed £398 (2016 £14,425) to the directors. No interest has been charged to the

company in respect of these loans which are repayable on demand and classified in creditors due within one year.

During the year Mr D S O'Donoghue, a shareholder of the company, charged the company £7,064 (2016 £4,376)

for the provision of office facilities. At 31 July 2017 the company owed £1,093 (2016 £15,392) to the Mr D S

O'Donoghue. No interest has been charged to the company in respect of this loan which is repayable on demand

and classified in creditors due within one year.

9.	FIRST YEAR ADOPTION

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

August 2015.

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

Amo Amas Limited - Accounts to registrar (filleted) - small 17.3

Amo Amas Limited - Accounts to registrar (filleted) - small 17.3