A&K Manchester Limited - Period Ending 2016-11-30

A&K Manchester Limited

trading as International Trimmings

Unaudited Abbreviated Accounts

for the Year Ended 30 November 2016

HML Davies Limited
Chartered Certified Accountants
9 Riverside
Waters Meeting Road
Bolton
BL1 8TU

A&K Manchester Limited
trading as International Trimmings
Contents

Abbreviated Balance Sheet

Notes to the Abbreviated Accounts

2 to 3

A&K Manchester Limited
trading as International Trimmings
(Registration number: 02298588)
Abbreviated Balance Sheet at 30 November 2016

	Note	2016 £	2015 £
Current assets
Stocks		64,745	73,430
Debtors		49,716	41,763
Cash at bank and in hand		42,503	47,706
		156,964	162,899
Creditors: Amounts falling due within one year		(143,993)	(149,818)
Net assets		12,971	13,081
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		12,871	12,981
Shareholders' funds		12,971	13,081

For the year ending 30 November 2016 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 director acknowledges his 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 director on 23 August 2017

.........................................
Mr Adalat Khan
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

A&K Manchester Limited
trading as International Trimmings
Notes to the Abbreviated Accounts for the Year Ended 30 November 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Turnover

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

Depreciation

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

Asset class	Depreciation method and rate
Fixtures and fittings	10% on cost
Motor vehicles	25% on cost

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 2

A&K Manchester Limited
trading as International Trimmings
Notes to the Abbreviated Accounts for the Year Ended 30 November 2016
......... continued

2	Fixed assets

	Tangible assets £	Total £
Cost
At 1 December 2015	24,752	24,752
At 30 November 2016	24,752	24,752
Depreciation
At 1 December 2015	24,752	24,752
At 30 November 2016	24,752	24,752
Net book value
At 30 November 2016	-	-
At 30 November 2015	-	-

3	Share capital

Allotted, called up and fully paid shares

	2016			2015
		No.	£		No.	£
Ordinary shares of £1 each		100	100		100	100

Page 3