A & M (Dorset) Limited - Limited company - abbreviated

REGISTERED NUMBER: 04138755 (England and Wales)

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

FOR

A & M (DORSET) LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

J P Champion

K M King

SECRETARY:

M D Cooper

REGISTERED OFFICE:

18 High West Street

Dorchester

Dorset

DT1 1UW

REGISTERED NUMBER:

04138755 (England and Wales)

ACCOUNTANTS:

Pugsley Revill

18 High West Street

Dorchester

Dorset

DT1 1UW

FIXED ASSETS

Intangible assets

2

105,000

120,000

Tangible assets

3

3,661

4,439

108,661

124,439

CURRENT ASSETS

Stocks

3,200

8,297

Debtors

37,264

57,722

Cash at bank

15,630

15,905

56,094

81,924

CREDITORS

Amounts falling due within one year

4

191,478

203,939

NET CURRENT LIABILITIES

(135,384

)

(122,015

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(26,723

)

2,424

CREDITORS

Amounts falling due after more than one
year

4

-

(1,253

)

PROVISIONS FOR LIABILITIES

(465

)

(562

)

NET (LIABILITIES)/ASSETS

(27,188

)

609

CAPITAL AND RESERVES

Called up share capital

5

240

Profit and loss account

(27,428

)

369

SHAREHOLDERS' FUNDS

(27,188

)

609

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 8 August 2014 and were signed on its
behalf by:

J P Champion - Director

K M King - 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 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 2001, is being amortised evenly over its estimated useful life of twenty 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 equipment

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Office equipment

-

25% on reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due

allowance for obsolete and slow moving items.Cost includes all direct costs and an appropriate proportion

of fixed and variable overheads and in the case of work in progress a proportion of attributable profit.

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.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

and 31 March 2014

300,000

AMORTISATION

At 1 April 2013

180,000

Amortisation for year

15,000

At 31 March 2014

195,000

NET BOOK VALUE

At 31 March 2014

105,000

At 31 March 2013

120,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

29,474

Additions

375

At 31 March 2014

29,849

DEPRECIATION

At 1 April 2013

25,035

Charge for year

1,153

At 31 March 2014

26,188

NET BOOK VALUE

At 31 March 2014

3,661

At 31 March 2013

4,439

4.

CREDITORS

Creditors include an amount of £ 1,252 (2013 - £ 3,619 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

120

Ordinary A

£1

120

Ordinary B

£1

120

240