Registered number
05957033
A&M Co, Accountants Ltd
Filleted Accounts
31 October 2018
A&M Co, Accountants Ltd
Registered number: 05957033
Balance Sheet
as at 31 October 2018
Notes 2018 2017
£ £
Fixed assets
Tangible assets 2 - 97
Current assets
Debtors 3 6,368 6,066
Cash at bank and in hand 9,158 16,723
15,526 22,789
Creditors: amounts falling due within one year 4 (9,529) (10,792)
Net current assets 5,997 11,997
Total assets less current liabilities 5,997 12,094
Provisions for liabilities - (19)
Net assets 5,997 12,075
Capital and reserves
Called up share capital 200 200
Profit and loss account 5,797 11,875
Shareholders' funds 5,997 12,075
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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 and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Magdalena Wlodarczyk-Sroka
Director
Approved by the board on 26 February 2019
A&M Co, Accountants Ltd
Notes to the Accounts
for the year ended 31 October 2018
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 November 2017 1,962
At 31 October 2018 1,962
Depreciation
At 1 November 2017 1,865
Charge for the year 97
At 31 October 2018 1,962
Net book value
At 31 October 2018 -
At 31 October 2017 97
3 Debtors 2018 2017
£ £
Trade debtors 6,368 6,066
4 Creditors: amounts falling due within one year 2018 2017
£ £
Trade creditors 685 332
Taxation and social security costs 8,133 9,491
Other creditors 711 969
9,529 10,792
5 Other information
A&M Co, Accountants Ltd is a private company limited by shares and incorporated in England. Its registered office is:
37 Eatons Mead
London
E4 8AN
A&M Co, Accountants Ltd 05957033 false 2017-11-01 2018-10-31 2018-10-31 VT Final Accounts July 2018 Magdalena Wlodarczyk-Sroka No description of principal activity 05957033 core:WithinOneYear 2017-10-31 05957033 core:ShareCapital 2017-10-31 05957033 core:RetainedEarningsAccumulatedLosses 2017-10-31 05957033 2017-11-01 2018-10-31 05957033 bus:PrivateLimitedCompanyLtd 2017-11-01 2018-10-31 05957033 bus:AuditExempt-NoAccountantsReport 2017-11-01 2018-10-31 05957033 bus:Director40 2017-11-01 2018-10-31 05957033 1 2017-11-01 2018-10-31 05957033 2 2017-11-01 2018-10-31 05957033 core:PlantMachinery 2017-11-01 2018-10-31 05957033 countries:England 2017-11-01 2018-10-31 05957033 bus:FRS102 2017-11-01 2018-10-31 05957033 bus:FullAccounts 2017-11-01 2018-10-31 05957033 2018-10-31 05957033 core:WithinOneYear 2018-10-31 05957033 core:ShareCapital 2018-10-31 05957033 core:RetainedEarningsAccumulatedLosses 2018-10-31 05957033 core:PlantMachinery 2018-10-31 05957033 2017-10-31 05957033 core:PlantMachinery 2017-10-31 iso4217:GBP