AMS Mortgage Finders Limited - Limited company - abbreviated

REGISTERED NUMBER: 04498658 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 July 2014

for

AMS Mortgage Finders Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Report of the Accountants

6

DIRECTOR:

R Butler

SECRETARY:

Mrs L Ellis-Butler

REGISTERED OFFICE:

26 Bell Street

Sawbridgeworth

Hertfordshire

CM21 9AN

REGISTERED NUMBER:

04498658 (England and Wales)

ACCOUNTANTS:

Lawrence & Company

Chartered Certified Accountants

26 Bell Street

Sawbridgeworth

Hertfordshire

CM21 9AN

FIXED ASSETS

Intangible assets

2

40,000

45,000

Tangible assets

3

1,479

1,973

41,479

46,973

CURRENT ASSETS

Cash at bank

6,509

6,819

CREDITORS

Amounts falling due within one year

13,424

13,778

NET CURRENT LIABILITIES

(6,915

)

(6,959

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

34,564

40,014

CREDITORS

Amounts falling due after more than one
year

53,999

NET LIABILITIES

(19,435

)

(13,985

)

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

(19,535

)

(14,085

)

SHAREHOLDERS' FUNDS

(19,435

)

(13,985

)

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

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

The director acknowledges his 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 3 December 2014 and were signed by:

R Butler - 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 2002, 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.

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2013

and 31 July 2014

100,000

AMORTISATION

At 1 August 2013

55,000

Amortisation for year

5,000

At 31 July 2014

60,000

NET BOOK VALUE

At 31 July 2014

40,000

At 31 July 2013

45,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2013

and 31 July 2014

15,065

DEPRECIATION

At 1 August 2013

13,092

Charge for year

494

At 31 July 2014

13,586

NET BOOK VALUE

At 31 July 2014

1,479

At 31 July 2013

1,973

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.14

31.7.13

value:

£

100

Ordinary

£1

100

5.	SUBORDINATED LOAN

The director, Mr R Butler, has agreed a subordinated loan with the company of £53,999. This loan is subject to

two years notice of repayment and ranks behind the claims of all unsubordinated creditors.

6.	GOING CONCERN BASIS

The director, who is the major creditor, will continue to support the company to ensure that all liabilities are met

as they fall due. The director is of the opinion that the company is a going concern and these financial statements

have been prepared on that basis.

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to five)

have been prepared.

As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended

31 July 2014 set out on pages three to eight and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to

fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Lawrence & Company

Chartered Certified Accountants

26 Bell Street

Sawbridgeworth

Hertfordshire

CM21 9AN

4 December 2014