Registered Number 05167658
AMEX ASSOCIATES LIMITED
Abbreviated Accounts
30 June 2015
Notes | 2015 | 2014 | |
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£ | £ | ||
Fixed assets | |||
Tangible assets | 2 |
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Current assets | |||
Debtors |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
( |
( |
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Net current assets (liabilities) |
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Total assets less current liabilities |
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Total net assets (liabilities) |
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Capital and reserves | |||
Called up share capital | 3 |
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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
Fixtures & Fittings - 25% reducing balance method
Equipment - 25% reducing balance method
Other accounting policies
The company was under the control of Mr K A Bhutta throughout the current year (2014: Mr B A Alvi). Mr Bhutta is the managing director and only shareholder.
During the year, the director incurred expenses on behalf of the company and vice versa. All transactions were undertaken at arm's length. Included in debtors above is the overdrawn balance of £1,732 Dr (2014: £703 Cr) on director's current account as at 30 June 2015. The overdrawn balance was repaid in full within nine months from the year end.
No other transactions with related parties were undertaken such as are required to be disclosed under Financial Reporting Standard for Smaller Entities (FRSSE 2008).
£ | |
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Cost | |
At 1 July 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 July 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 | 3,818 |
At 30 June 2014 | 7,232 |