REGISTERED NUMBER: 06898131 (England and Wales)

Abbreviated Unaudited Accounts

for the Period 1 June 2015 to 31 July 2016

for

A & M C Limited

Trading as

The Carpet Loft

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Mrs M C E Cairns

REGISTERED OFFICE:

18 Wesley Street

Castleford

West Yorkshire

WF10 1AE

REGISTERED NUMBER:

06898131 (England and Wales)

ACCOUNTANTS:

AccountsAide

18 Wesley Street

Castleford

West Yorkshire

WF10 1AE

FIXED ASSETS

Tangible assets

2

-

13,708

CURRENT ASSETS

Stocks

-

30,000

Cash at bank and in hand

6

24,519

6

54,519

CREDITORS

Amounts falling due within one year

21,577

22,357

NET CURRENT (LIABILITIES)/ASSETS

(21,571

)

32,162

TOTAL ASSETS LESS CURRENT LIABILITIES

(21,571

)

45,870

CREDITORS

Amounts falling due after more than one year

-

11,650

NET (LIABILITIES)/ASSETS

(21,571

)

34,220

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

(21,573

)

34,218

SHAREHOLDERS' FUNDS

(21,571

)

34,220

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 July 2016.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 July 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 27 October 2016 and were signed by:

Mrs M C E Cairns - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements 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 net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Fixtures and fittings

-

15% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

25% on cost

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2015

27,429

Additions

41,042

Disposals

(68,471

)

At 31 July 2016

-

DEPRECIATION

At 1 June 2015

13,721

Eliminated on disposal

(13,721

)

At 31 July 2016

-

NET BOOK VALUE

At 31 July 2016

-

At 31 May 2015

13,708

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.16

31.5.15

value:

£

£

2

Ordinary

£1

2

2