Registered number
A & M Limited
Abbreviated Accounts
31 May 2015
A & M Limited
Chartered Accountants' report to the director on the preparation of the unaudited abbreviated accounts of A & M Limited for the year ended 31 May 2015
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated accounts of A & M Limited for the year ended 31 May 2015 which comprise of the balance sheet 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, we are subject to its ethical and other professional requirements which are detailed at
This report is made solely to the Director of A & M Limited, in accordance with the terms of our engagement letter dated 8 October 2009. Our work has been undertaken solely to prepare for your approval the accounts of A & M Limited and state those matters that we have agreed to state to the Director of A & M Limited, in this report in accordance with AAF 2/10 as detailed at To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than A & M Limited and its Director for our work or for this report.
It is your duty to ensure that A & M Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of A & M Limited. You consider that A & M 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 accounts of A & M 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 abbreviated accounts.
AccountPro Services Limited
Chartered Accountants
Middlesex House
29-45 High Street
17 July 2015
A & M Limited
Registered number: SC359254
Abbreviated Balance Sheet
as at 31 May 2015
Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 - 11,987
Current assets
Debtors - 1,624
Cash at bank and in hand 7,511 42,609
7,511 44,233
Creditors: amounts falling due within one year (5,999) (28,493)
Net current assets 1,512 15,740
Total assets less current liabilities 1,512 27,727
Provisions for liabilities - (2,397)
Net assets 1,512 25,330
Capital and reserves
Called up share capital 3 100 100
Profit and loss account 1,412 25,230
Shareholder's funds 1,512 25,330
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
J Pathal
Approved by the board on 17 July 2015
A & M Limited
Notes to the Abbreviated Accounts
for the year ended 31 May 2015
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
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.
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Computer & Office equipment 33.33% straight line
Motor vehicles 15% reducing balance
Deferred taxation
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.
2 Tangible fixed assets £
At 1 June 2014 17,312
Disposals (17,312)
At 31 May 2015 -
At 1 June 2014 5,325
Charge for the year 1,714
On disposals (7,039)
At 31 May 2015 -
Net book value
At 31 May 2015 -
At 31 May 2014 11,987
3 Share capital Nominal 2015 2015 2014
value Number £ £
Allotted, called up and fully paid:
Ordinary shares £1 each 100 100 100
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