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REGISTERED NUMBER: 03496324 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2017

for

AMS Limited

AMS Limited (Registered number: 03496324)






Contents of the Financial Statements
for the Year Ended 31 December 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AMS Limited

Company Information
for the Year Ended 31 December 2017







DIRECTOR: A Shivdasani





REGISTERED OFFICE: 10A/12A High Street
East Grinstead
West Sussex
RH19 3AW





REGISTERED NUMBER: 03496324 (England and Wales)





ACCOUNTANTS: Alexandra Durrant Chartered Accountants
10A-12A High Street
East Grinstead
West Sussex
RH19 3AW

AMS Limited (Registered number: 03496324)

Balance Sheet
31 December 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 37,121 48,702

CURRENT ASSETS
Debtors 5 167,521 141,919
Cash at bank and in hand 14,460 2,943
181,981 144,862
CREDITORS
Amounts falling due within one year 6 132,939 56,768
NET CURRENT ASSETS 49,042 88,094
TOTAL ASSETS LESS CURRENT
LIABILITIES

86,163

136,796

CREDITORS
Amounts falling due after more than one
year

7

(23,519

)

(26,993

)

PROVISIONS FOR LIABILITIES (7,424 ) (9,740 )
NET ASSETS 55,220 100,063

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 55,219 100,062
SHAREHOLDERS' FUNDS 55,220 100,063

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2017 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.

AMS Limited (Registered number: 03496324)

Balance Sheet - continued
31 December 2017


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director on 30 August 2018 and were signed by:





A Shivdasani - Director


AMS Limited (Registered number: 03496324)

Notes to the Financial Statements
for the Year Ended 31 December 2017

1. STATUTORY INFORMATION

AMS Limited is a private company, limited by shares , registered in England and Wales. The
company's registered number and registered office address can be found on the Company Information
page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding
discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

Pension costs and other post-retirement benefits
The company does not have its own pension scheme but makes contributions into its employees
personal pension scheme. These contributions are charged to the profit and loss account when paid.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2016 - 4 ) .

AMS Limited (Registered number: 03496324)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2017

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2017 48,349 6,077 54,426
Additions - 2,058 2,058
Disposals - (490 ) (490 )
At 31 December 2017 48,349 7,645 55,994
DEPRECIATION
At 1 January 2017 1,007 4,717 5,724
Charge for year 12,087 1,062 13,149
At 31 December 2017 13,094 5,779 18,873
NET BOOK VALUE
At 31 December 2017 35,255 1,866 37,121
At 31 December 2016 47,342 1,360 48,702

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade debtors 145,967 130,406
Other debtors 250 250
Recharges 18,221 7,451
VAT 2,823 2,261
Prepayments and accrued income 260 1,551
167,521 141,919

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Hire purchase contracts 3,474 3,474
Trade creditors 8,134 3,936
Social security and other taxes 52,076 16,989
Directors' current accounts 63,376 27,187
Accrued expenses 5,879 5,182
132,939 56,768

AMS Limited (Registered number: 03496324)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2017

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2017 2016
£    £   
Hire purchase contracts 23,519 26,993

8. RELATED PARTY DISCLOSURES

Lakshmi Shivdasani, mother of the director

At the start of the year L Shivdasani owed the company £7,451 in respect of expenses paid on her
behalf by the company. During the year the company incurred further expenses on her behalf of
£10,770. At the year end she owed the company £18,221. This is included in debtors in the accounts.