Registered Number 06572415
AAMAS LIMITED
Abbreviated Accounts
31 March 2013
Notes | 2013 | 2012 | |
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£ | £ | ||
Fixed assets | |||
Intangible assets | 2 |
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Tangible assets | 3 |
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Current assets | |||
Stocks |
|
|
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Debtors |
|
|
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Cash at bank and in hand |
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|
|
|
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Creditors: amounts falling due within one year |
( |
( |
|
Net current assets (liabilities) |
( |
( |
|
Total assets less current liabilities |
|
|
|
Creditors: amounts falling due after more than one year |
( |
( |
|
Total net assets (liabilities) |
( |
( |
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Capital and reserves | |||
Called up share capital | 4 |
|
|
Profit and loss account |
( |
( |
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Shareholders' funds |
( |
( |
Approved by the Board on
And signed on their behalf by:
1Accounting Policies
Basis of measurement and preparation of accounts
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 goods, excluding value added tax.
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of five years.
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 - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.
Going concern
The company's financial statements are prepared on a going concern basis on the assumed continued support of the company's other creditors.
£ | |
---|---|
Cost | |
At 1 April 2012 |
|
Additions |
|
Disposals |
|
Revaluations |
|
Transfers |
|
At 31 March 2013 |
|
Amortisation | |
At 1 April 2012 |
|
Charge for the year |
|
On disposals |
|
At 31 March 2013 |
|
Net book values | |
At 31 March 2013 | 12,000 |
At 31 March 2012 | 16,000 |
£ | |
---|---|
Cost | |
At 1 April 2012 |
|
Additions |
|
Disposals |
|
Revaluations |
|
Transfers |
|
At 31 March 2013 |
|
Depreciation | |
At 1 April 2012 |
|
Charge for the year |
|
On disposals |
|
At 31 March 2013 |
|
Net book values | |
At 31 March 2013 | 65,742 |
At 31 March 2012 | 73,199 |