AMS Accountancy Group Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 04237574 (England and Wales)

AMS Accountancy Group Limited

Abbreviated Unaudited Accounts

for the Year Ended 31 March 2014

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

P J Bromiley

SECRETARY:

AMS Nominees Limited

REGISTERED OFFICE:

Delta 606

Welton Road

Delta Office Park

Swindon

Wiltshire

SN5 7XF

REGISTERED NUMBER:

04237574 (England and Wales)

ACCOUNTANTS:

AMS Accountancy Limited

Delta 606

Welton Road

Delta Office Park

Swindon

Wiltshire

SN5 7XF

FIXED ASSETS

Investments

2

103

103

CURRENT ASSETS

Debtors

29,785

18,180

CREDITORS

Amounts falling due within one year

(16,420

)

(16,314

)

NET CURRENT ASSETS

13,365

1,866

TOTAL ASSETS LESS CURRENT LIABILITIES

13,468

1,969

CAPITAL AND RESERVES

Called up share capital

3

140

140

Profit and loss account

13,328

1,829

SHAREHOLDERS' FUNDS

13,468

1,969

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 15 December 2014 and were signed by:

P J Bromiley - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

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

Deferred tax

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

sheet date.

2.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 April 2013

and 31 March 2014

103

NET BOOK VALUE

At 31 March 2014

103

At 31 March 2013

103

The company's investments at the balance sheet date in the share capital of companies include the following:

AMS Accountancy Limited

Nature of business: Accountancy

%

Class of shares:

holding

Ordinary

100.00

2014

2013

£

£

Aggregate capital and reserves

207,354

165,212

Profit for the year

42,142

32,446

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

100

Ordinary A

£1

100

100

10

Ordinary B

£1

10

10

30

Ordinary C, D and E

£1

30

30

140

140

4.	RELATED PARTY DISCLOSURES

AMS Accountancy Limited

A subsidiary company

Management charges of £84,000 were charged to AMS Accountancy Limited for the year (2013 £84,000).

2014

2013

£

£

Amount due from related party at the balance sheet date

24,663

13,058