A&M Co, Accountants Ltd - Filleted accounts

Registered number

05957033

A&M Co, Accountants Ltd

Filleted Accounts

31 October 2017

A&M Co, Accountants Ltd
Registered number:		05957033
Balance Sheet
as at 31 October 2017

Notes			2017			2016
£				£
Fixed assets
Tangible assets	2		97			331

Current assets
Debtors	3	6,066			7,528
Cash at bank and in hand		16,723			13,281
		22,789			20,809

Creditors: amounts falling due within one year	4	(10,792)			(10,666)

Net current assets			11,997			10,143

Total assets less current liabilities			12,094			10,474


Provisions for liabilities			(19)			(66)


Net assets			12,075			10,408

Capital and reserves
Called up share capital			200			200
Profit and loss account			11,875			10,208

Shareholders' funds			12,075			10,408

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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 and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Magdalena Wlodarczyk-Sroka
Director
Approved by the board on 27 December 2017

A&M Co, Accountants Ltd
Notes to the Accounts
for the year ended 31 October 2017


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	over 5 years
	Fixtures, fittings, tools and equipment	over 5 years

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.


2	Tangible fixed assets
					Plant and machinery etc
£
	Cost
	At 1 November 2016				1,962
	At 31 October 2017				1,962

	Depreciation
	At 1 November 2016				1,631
	Charge for the year				234
	At 31 October 2017				1,865

	Net book value
	At 31 October 2017				97
	At 31 October 2016				331


3	Debtors		2017		2016
£				£

	Trade debtors		6,066		7,528


4	Creditors: amounts falling due within one year		2017		2016
£				£

	Trade creditors		332		246
	Taxation and social security costs		9,491		9,728
	Other creditors		969		692
			10,792		10,666


5	Other information

	A&M Co, Accountants Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	37 Eatons Mead
	London
	E4 8AN