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Registration number: 06701565

A & M E Hass Ltd
 

 
Unaudited Abbreviated Accounts
 

 
for the year ended 31 December 2015
 

 

A & M E Hass Ltd
Contents

Abbreviated Balance Sheet

1 to 2

Notes to the Abbreviated Accounts

3 to 4

 

A & M E Hass Ltd
(Registration number: 06701565)
Abbreviated Balance Sheet at 31 December 2015

 

Note

   

2015

   

2014

 
 

£

   

£

   

£

   

£

 

Fixed assets

 

   

   

   

   

 

Tangible fixed assets

 

   

   

206,920

   

   

185,061

 

Current assets

 

   

   

   

   

 

Stocks

 

   

39,903

   

   

35,164

   

 

Debtors

 

   

26,912

   

   

24,306

   

 

Cash at bank and in hand

 

   

30,255

   

   

22,861

   

 

 

   

97,070

   

   

82,331

   

 

Creditors: Amounts falling due within one year

 

   

(34,996)

   

   

(26,884)

   

 

Net current assets

 

   

   

62,074

   

   

55,447

 

Total assets less current liabilities

 

   

   

268,994

   

   

240,508

 

Creditors: Amounts falling due after more than one year

 

   

   

(271,725)

   

   

(244,599)

 

Provisions for liabilities

 

   

   

(9,535)

   

   

(11,145)

 

Net liabilities

 

   

   

(12,266)

   

   

(15,236)

 

Capital and reserves

 

   

   

   

   

 

Called up share capital

 

3

   

100

   

   

100

   

 

Profit and loss account

 

   

(12,366)

   

   

(15,336)

   

 

Shareholders' deficit

 

   

   

(12,266)

   

   

(15,236)

 

Page 1

 

A & M E Hass Ltd
(Registration number: 06701565)
Abbreviated Balance Sheet at 31 December 2015

For the year ended 31 December 2015 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 4 July 2016 and signed on its behalf by:

.........................................
Mr A F Hass
Director

.........................................
Mrs M E Hass
Director

Page 2

 

A & M E Hass Ltd
Notes to the Abbreviated Accounts for the year Ended 31 December 2015

1

Accounting policies

Basis of preparation

The accounts have been prepared under the historical cost convention, excluding the herd,which has been recognised on the balance sheet using the herd basis, in line with the tax treatment of Section 124 of the Income Tax (Trade and Other Income) Act 2005.

The accounts do not include a cash flow statement because the company, as a small reporting entity, is exempt from the requirements to prepare such a statement.

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Amortisation

Amortisation is provided on all intangible fixed assets so as to write off the cost, less any estimated residual value, over their expected life as follows

Asset class

Amortisation method and rate

Single Farm Payment

12.50% straight line

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over the expected useful economic life as follows:

Asset class

Depreciation method and rate

Property improvements

10% Straight line

Plant and machinery

15% Reducing balance

Office equipment

25% Reducing balance

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete, damaged stock and slow moving stocks. Net realisable value is based on selling price less costs to completion and selling costs. Cost is based on using the anticipated convention set out in HS232 to arrive at deemed costs where actual costs are not actually ascertainable.

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Page 3

 

A & M E Hass Ltd
Notes to the Abbreviated Accounts for the year Ended 31 December 2015

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

2

Fixed assets

   

Intangible assets
£

   

Tangible assets
£

   

Total
£

 

Cost

                 

At 1 January 2015

 

21,500

   

251,389

   

272,889

 

Additions

 

-

   

34,454

   

34,454

 

Disposals

 

(2,303)

   

-

   

(2,303)

 

At 31 December 2015

 

19,197

   

285,843

   

305,040

 

Depreciation

                 

At 1 January 2015

 

21,500

   

66,328

   

87,828

 

Charge for the year

 

-

   

12,595

   

12,595

 

Eliminated on disposals

 

(2,303)

   

-

   

(2,303)

 

At 31 December 2015

 

19,197

   

78,923

   

98,120

 

Net book value

                 

At 31 December 2015

 

-

   

206,920

   

206,920

 

At 31 December 2014

 

-

   

185,061

   

185,061

 

3

Share capital

Allotted, called up and fully paid shares

 

2015

2014

   

No.

   

£

   

No.

   

£

 

Ordinary shares of £1 each

 

100

   

100

   

100

   

100

 
                         

Page 4