A G O'Malley Limited,Ltd

Abbreviated Balance Sheet

A G O'Malley Limited

As at 31 March 2016

06132052

Registered Number :

2016

Notes

2015

Fixed assets

Tangible assets

5,222

6,447

5,222

6,447

Current assets

Stocks

703,959

640,349

Debtors

17,134

19,698

Cash at bank and in hand

969,662

1,155,506

1,629,709

1,876,599

Creditors: amounts falling due within one year

(339,366)

(314,802)

1,537,233

1,314,907

Net current assets

Total assets less current liabilities

1,320,129

1,543,680

Creditors: amounts falling due after more than one year

(8,109)

(25,030)

1,295,099

Net assets

1,535,571

Capital and reserves

Called up share capital

100

Profit and loss account

1,294,999

1,535,471

1,295,099

1,535,571

Shareholders funds

For the year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;

2) 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.

Date approved by the board: 25 November 2016

Mr A G O'Malley Director

Signed on behalf of the board of directors

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Notes to the Abbreviated Financial Statements

A G O'Malley Limited

For the year ended 31 March 2016

1 Accounting Policies

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Operating lease rentals

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

Dividends

Proposed dividends are only included as liabilities in the financial statements when their payment has been approved

by the shareholders prior to the balance sheet date.

Goodwill

Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the

estimated expected useful economic life of the goodwill of 5 years.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Plant and Machinery

25% Straight line

Motor Vehicles

25% Straight line

Stocks and work in progress

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.

2 Intangible fixed assets

Cost or valuation

Intangible

fixed assets

At 01 April 2015

410,676

At 31 March 2016

Amortisation

410,676

At 01 April 2015

410,676

At 31 March 2016

Net Book Values

At 31 March 2016

At 31 March 2015

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Notes to the Abbreviated Financial Statements

A G O'Malley Limited

For the year ended 31 March 2016

3 Tangible fixed assets

Tangible fixed

assets

Cost or valuation

20,298

At 01 April 2015

516

Additions

At 31 March 2016

20,814

Depreciation

13,851

At 01 April 2015

1,741

Charge for year

15,592

At 31 March 2016

Net book values

At 31 March 2016

5,222

6,447

At 31 March 2015

4 Share capital

Allotted called up and fully paid

2016

2015

100 Ordinary shares of £1.00 each

100

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