Abbreviated Company Accounts - AM-EX (AMERICAN EXPORTS) LIMITED

AM-EX (AMERICAN EXPORTS) LIMITED - Company Information

Registered Number SC074357

AM-EX (AMERICAN EXPORTS) LIMITED

Abbreviated Accounts

31 March 2014

AM-EX (AMERICAN EXPORTS) LIMITED Registered Number SC074357

Abbreviated Balance Sheet as at 31 March 2014

	Notes	31/03/2014	31/12/2012
		£	£
Fixed assets
Tangible assets	2	81,181	82,498
		81,181	82,498
Current assets
Stocks		96,698	47,899
Debtors		61,843	600
Cash at bank and in hand		35,551	117,045
		194,092	165,544
Creditors: amounts falling due within one year		(4,976)	(14,949)
Net current assets (liabilities)		189,116	150,595
Total assets less current liabilities		270,297	233,093
Total net assets (liabilities)		270,297	233,093
Capital and reserves
Called up share capital		54	54
Profit and loss account		270,243	233,039
Shareholders' funds		270,297	233,093

For the year ending 31 March 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 31 December 2014

And signed on their behalf by:
I McClain, Director

AM-EX (AMERICAN EXPORTS) LIMITED Registered Number SC074357

Notes to the Abbreviated Accounts for the period ended 31 March 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

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

Plant and machinery 10% (On Written Down Value)
Motor vehicles 25% (On Written Down Value)

2Tangible fixed assets

	£
Cost
At 1 January 2013	90,160
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2014	90,160
Depreciation
At 1 January 2013	7,662
Charge for the year	1,317
On disposals	-
At 31 March 2014	8,979
Net book values
At 31 March 2014	81,181
At 31 December 2012	82,498