Registered Number 06727556

A & M MOTORS (NORFOLK) LIMITED

Abbreviated Accounts

31 March 2016

A & M MOTORS (NORFOLK) LIMITED Registered Number 06727556

Abbreviated Balance Sheet as at 31 March 2016

Notes 2016 2015
£ £
Fixed assets
Intangible assets 2 22,950 24,750
Tangible assets 3 17,773 19,448
40,723 44,198
Current assets
Stocks 2,220 2,175
Debtors 16,119 18,067
Cash at bank and in hand 73,611 54,659
91,950 74,901
Creditors: amounts falling due within one year (109,784) (109,204)
Net current assets (liabilities) (17,834) (34,303)
Total assets less current liabilities 22,889 9,895
Provisions for liabilities (2,818) (3,889)
Total net assets (liabilities) 20,071 6,006
Capital and reserves
Called up share capital 4 100 100
Profit and loss account 19,971 5,906
Shareholders' funds 20,071 6,006
  • For the year ending 31 March 2016 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 5 July 2016

And signed on their behalf by:
A Wallace, Director

A & M MOTORS (NORFOLK) LIMITED Registered Number 06727556

Notes to the Abbreviated Accounts for the period ended 31 March 2016

1Accounting Policies

Basis of measurement and preparation of accounts
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 policy
Turnover represents the value of services provided to the extent that there is a right to consideration and is recorded at the value of the consideration due.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Plant and machinery - 25% Reducing balance method
Motor vehicles - 25% Reducing balance method

Intangible assets amortisation policy
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life of
20 years.

Other accounting policies
Stock
Stock is valued at the lower of cost and net realisable value.

2Intangible fixed assets
£
Cost
At 1 April 2015 36,000
Additions -
Disposals -
Revaluations -
Transfers -
At 31 March 2016 36,000
Amortisation
At 1 April 2015 11,250
Charge for the year 1,800
On disposals -
At 31 March 2016 13,050
Net book values
At 31 March 2016 22,950
At 31 March 2015 24,750
3Tangible fixed assets
£
Cost
At 1 April 2015 46,488
Additions 4,317
Disposals -
Revaluations -
Transfers -
At 31 March 2016 50,805
Depreciation
At 1 April 2015 27,040
Charge for the year 5,992
On disposals -
At 31 March 2016 33,032
Net book values
At 31 March 2016 17,773
At 31 March 2015 19,448
4Called Up Share Capital
Allotted, called up and fully paid:
2016
£		 2015
£
100 Ordinary shares of £1 each 100 100