Registered number
07046031
A & M Legal Services Ltd
Abbreviated Accounts
31 October 2014
A & M Legal Services Ltd
Registered number: 07046031
Abbreviated Balance Sheet
as at 31 October 2014
Notes 2014 2013
£ £
Fixed assets
Intangible assets 2 28,333 33,333
Tangible assets 3 559 935
Investments 4 - -
28,892 34,268
Current assets
Stocks - -
Debtors 5 170,729 163,341
Investments held as current assets - -
Cash at bank and in hand 3,765 5,872
174,494 169,213
Creditors: amounts falling due within one year (192,158) (189,055)
Net current liabilities (17,664) (19,842)
Total assets less current liabilities 11,228 14,426
Creditors: amounts falling due after more than one year - -
Provisions for liabilities - -
Net assets 11,228 14,426
Capital and reserves
Called up share capital 7 1 1
Share premium - -
Revaluation reserve - -
Capital redemption reserve - -
Profit and loss account 11,227 14,425
Shareholder's funds 11,228 14,426
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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 in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
M J Reilly
Director
Approved by the board on 31 July 2015
A & M Legal Services Ltd
Notes to the Abbreviated Accounts
for the year ended 31 October 2014
1 Accounting policies
Basis of preparation
The accounts 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 the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and machinery 20% straight line
Motor vehicles 25% straight line
Stocks
Stock is valued at the lower of cost and net realisable value.
Deferred taxation
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.
Foreign currencies
Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.
Leasing and hire purchase commitments
Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability.

The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.

Rentals paid under operating leases are charged to income on a straight line basis over the lease term.
Pensions
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2 Intangible fixed assets £
Cost
At 1 November 2013 50,000
Additions -
Disposals -
At 31 October 2014 50,000
Amortisation
At 1 November 2013 16,667
Provided during the year 5,000
On disposals -
At 31 October 2014 21,667
Net book value
At 31 October 2014 28,333
At 31 October 2013 33,333
3 Tangible fixed assets £
Cost
At 1 November 2013 1,770
Additions -
Surplus on revaluation -
Disposals -
At 31 October 2014 1,770
Depreciation
At 1 November 2013 835
Charge for the year 376
Surplus on revaluation -
On disposals -
At 31 October 2014 1,211
Net book value
At 31 October 2014 559
At 31 October 2013 935
4 Investments £
Cost
At 1 November 2013 -
Additions -
Disposals -
At 31 October 2014 -
The company holds 20% or more of the share capital of the following companies:
Capital and Profit (loss)
Company Shares held reserves for the year
Class % £ £
[Company name 1] Ordinary - - -
[Company name 2] Ordinary - - -
[Company name 3] Ordinary - - -
[Company name 4] Ordinary - - -
5 Debtors 2014 2013
£ £
Debtors include:
Amounts due after more than one year - -
6 Loans 2014 2013
£ £
Creditors include:
Amounts falling due for payment after more than five years - -
Secured bank loans - -
7 Share capital Nominal 2014 2014 2013
value Number £ £
Allotted, called up and fully paid:
Ordinary shares £1 each - 1 1
B Ordinary shares £1 each - - -
1 1
? Preference shares £1 each - - -
1 1
Nominal Number Amount
value £
Shares issued during the period:
Ordinary shares £1 each - -
B Ordinary shares £1 each - -
-
? Preference shares £1 each - -
-
8 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
M J Reilly
[Loan 1] 80,639 20,091 1,996 102,726
[Loan 2] - - - -
[Director 2]
[Loan 1] - - - -
[Loan 2] - - - -
[Director 3]
[Loan 1] - - - -
[Loan 2] - - - -
[Director 4]
[Loan 1] - - - -
[Loan 2] - - - -
[Director 5]
[Loan 1] - - - -
[Loan 2] - - - -
[Director 6]
[Loan 1] - - - -
[Loan 2] - - - -
[Director 7]
[Loan 1] - - - -
[Loan 2] - - - -
[Director 8]
[Loan 1] - - - -
[Loan 2] - - - -
[Director 9]
[Loan 1] - - - -
[Loan 2] - - - -
80,639 20,091 1,996 102,726
9 Guarantees made by the company on behalf of directors
Description and terms Maximum Amount paid
liability and incurred
£ £
M J Reilly
[Guarantee 1] - -
[Guarantee 2] - -
[Director 2]
[Guarantee 1] - -
[Guarantee 2] - -
[Director 3]
[Guarantee 1] - -
[Guarantee 2] - -
[Director 4]
[Guarantee 1] - -
[Guarantee 2] - -
[Director 5]
[Guarantee 1] - -
[Guarantee 2] - -
[Director 6]
[Guarantee 1] - -
[Guarantee 2] - -
[Director 7]
[Guarantee 1] - -
[Guarantee 2] - -
[Director 8]
[Guarantee 1] - -
[Guarantee 2] - -
[Director 9]
[Guarantee 1] - -
[Guarantee 2] - -
- -
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