Registered Number 02622369
AMP ELECTRICAL DISTRIBUTORS LIMITED
Abbreviated Accounts
30 June 2015
Notes | 30/06/2015 | 31/12/2013 | |
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£ | £ | ||
Fixed assets | |||
Tangible assets | 2 |
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Investments | 3 |
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Current assets | |||
Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year | 4 |
( |
( |
Net current assets (liabilities) |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year | 4 |
( |
( |
Total net assets (liabilities) |
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Capital and reserves | |||
Called up share capital | 5 |
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Share premium account |
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Profit and loss account |
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Shareholders' funds |
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Approved by the Board on
And signed on their behalf by:
1 Accounting Policies
Basis of measurement and preparation of accounts
Turnover policy
exclusive of Value Added Tax.
Tangible assets depreciation policy
calculated to write off the cost of fixed assets, less their estimated residual value, over their
expected useful lives on the following bases:
Plant & machinery - 16.67% straight line per annum
Motor vehicles - 25% straight line per annum
Fixtures, fittings & equipment - 12.5% and 25% straight line per annum
Other accounting policies
Stocks are valued at the lower of cost and net realisable value, after making due allowance for
obsolete and slow moving items.
Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership
remain with the lessor are charged against profits on a straight line basis over the period of the
lease.
Hire purchase agreements
Assets obtained under hire purchase agreements are capitalised and disclosed under tangible fixed
assets at their fair value. The capital element of the future payments is treated as a liability and the
interest is charged to the profit and loss account.
Deferred taxation
Full provision is made for deferred tax assets and liabilities arising from all timing differences
between the recognition of gains and losses in the financial statements and recognition in the tax
computation.
A net deferred tax asset is recognised only if it can be regarded as more likely than not that there will
be suitable taxable profits from which the future reversal of the underlying timing differences can be
deducted.
Deferred tax assets and liabilities are calculated at the tax rates expected to be effective at the time
the timing differences are expected to reverse.
Deferred tax assets and liabilities are not discounted.
£ | |
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Cost | |
At 1 January 2014 |
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Additions |
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Disposals |
( |
Revaluations |
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Transfers |
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At 30 June 2015 |
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Depreciation | |
At 1 January 2014 |
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Charge for the year |
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On disposals |
( |
At 30 June 2015 |
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Net book values | |
At 30 June 2015 | 28,420 |
At 31 December 2013 | 100,684 |
3
Fixed assets Investments
30/06/2015
£ |
31/12/2013
£ |
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Secured Debts |
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