Abbreviated Company Accounts - AMBERGREEN ENERGY LIMITED

AMBERGREEN ENERGY LIMITED Registered Number NI610132

Abbreviated Balance Sheet as at 30 November 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	388,927	328,748
Investments	3	4,060	61
		392,987	328,809
Current assets
Debtors		77,909	-
Cash at bank and in hand		15,312	48,521
		93,221	48,521
Creditors: amounts falling due within one year		(161,484)	(187,049)
Net current assets (liabilities)		(68,263)	(138,528)
Total assets less current liabilities		324,724	190,281
Creditors: amounts falling due after more than one year		(172,717)	(11,885)
Total net assets (liabilities)		152,007	178,396
Capital and reserves
Called up share capital	4	100	100
Revaluation reserve		233,000	233,000
Profit and loss account		(81,093)	(54,704)
Shareholders' funds		152,007	178,396

For the year ending 30 November 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 31 August 2016

And signed on their behalf by:
Neil O'Brien, Director

AMBERGREEN ENERGY LIMITED Registered Number NI610132

Notes to the Abbreviated Accounts for the period ended 30 November 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts are 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 total invoice value, excluding value added tax, of sales made during the year.

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Land and buildings - NIL
Fittings, fixtures and equipment - 20% reducing balance
Motor Vehicles - 20% reducing balance

Other accounting policies
Leasing and hire purchase commitments
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce constant periodic rates of charge on the net obligations outstanding in each period.

Group accounts
The company is entitled to the exemption under Section 398 of the Companies Act 2006 from the obligation to prepare group accounts.

Going Concern
Going Concern is not considered to be an issue.

2Tangible fixed assets

	£
Cost
At 1 December 2014	338,112
Additions	79,038
Disposals	-
Revaluations	-
Transfers	-
At 30 November 2015	417,150
Depreciation
At 1 December 2014	9,364
Charge for the year	18,859
On disposals	-
At 30 November 2015	28,223
Net book values
At 30 November 2015	388,927
At 30 November 2014	328,748

3Fixed assets Investments
Fixed Asset Investments are stated at cost less provision for permanent diminution in value.

Cost at 1st December 2014 - £61
Additions - £4,000
Disposals - (£1)
Cost at 30th November 2015 - £4,060

Net Book Value at 30th November 2015 - £4,060
Net Book Value at 30th November 2014 - £61

Holdings of 20% or more
The company holds 20% or more of the share capital of the following companies:

(1) AGS Partners Ltd
Country of incorporation - Northern Ireland
Nature of business - Solar Panels
Share class held - Ordinary
% held - 67%
Ambergreen Energy Limited acquired an extra 7 shares in the company on 11th July 2015. The company paid £4,000 for these shares. This company has entered into a voluntary arrangement in June 2016.

(2) AGS Finance Limited
Country of incorporation - Northern Ireland
Nature of business - Dormant Company
Share class held - Ordinary
% held - 0%
This company has been dissolved on 24th November 2015.

The aggregate amount of capital and reserves of these undertakings for the relevant financial year were as follows:

AGS Partners Ltd - Capital and reserves - £306,819

4Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
100 Ordinary shares of £1 each	100	100