Company Registration No. 01766632 (England and Wales)
A & M BARGAINS (WYRE) LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2016
A & M BARGAINS (WYRE) LIMITED
CONTENTS
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3 - 4
A & M BARGAINS (WYRE) LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 JANUARY 2016
31 January 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
347,560
335,720
Investments
2
35,000
35,000
382,560
370,720
Current assets
Stocks
62,665
74,563
Debtors
6,613
8,401
Cash at bank and in hand
144,426
136,034
213,704
218,998
Creditors: amounts falling due within one year
(166,920)
(179,719)
Net current assets
46,784
39,279
Total assets less current liabilities
429,344
409,999
Creditors: amounts falling due after more than one year
(173,060)
(167,185)
Provisions for liabilities
(3,224)
(753)
253,060
242,061
Capital and reserves
Called up share capital
3
200
200
Profit and loss account
252,860
241,861
Shareholders' funds
253,060
242,061
A & M BARGAINS (WYRE) LIMITED
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
31 JANUARY 2016
31 January 2016
- 2 -
For the financial period ended 31 January 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 3 August 2016
Mr A W Mayman
Director
Company Registration No. 01766632
A & M BARGAINS (WYRE) LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE PERIOD ENDED 31 JANUARY 2016
- 3 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.3
Tangible fixed assets and depreciation
Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Land and buildings Freehold
Land and buildings Leasehold
6.67% Straight Line
Fixtures, fittings & equipment
25% Reducing Balance
Motor vehicles
25% Reducing Balance
1.4
Investments
Fixed asset investments are stated at cost less provision for diminution in value.
2
Fixed assets
Tangible assets
Investments
Total
£
£
£
Cost
At 1 March 2015
537,331
35,000
572,331
Additions
18,089
-
18,089
At 31 January 2016
555,420
35,000
590,420
Depreciation
At 1 March 2015
201,611
-
201,611
Charge for the period
6,249
-
6,249
At 31 January 2016
207,860
-
207,860
Net book value
At 31 January 2016
347,560
35,000
382,560
At 28 February 2015
335,720
35,000
370,720
A & M BARGAINS (WYRE) LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE PERIOD ENDED 31 JANUARY 2016
- 4 -
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
200 'A' Ordinary shares of £1 each
200
200
4
Related party relationships and transactions
Loan to the directors
Loan to
the director during the period are outlined in the table below:
Description
% Rate
Opening Balance
Amounts Advanced
Interest Charged
Amounts Repaid
Closing Balance
£
£
£
£
£
Mr A W Mayman - Directors' loan account
-
137,527
11,300
-
3,426
145,401
137,527
11,300
-
3,426
145,401