Company Registration No. 08619772 (England and Wales)
AMBER FINANCE (BAINS) LTD
Unaudited accounts
for the year ended 31 July 2017
AMBER FINANCE (BAINS) LTD
Unaudited accounts
Contents
AMBER FINANCE (BAINS) LTD
Company Information
for the year ended 31 July 2017
Company Number
08619772 (England and Wales)
Registered Office
111 DOVEDALE ROAD
WOLVERHAMPTON
WV4 6RF
AMBER FINANCE (BAINS) LTD
Statement of financial position
as at
31 July 2017
Intangible assets
1,599
3,198
Cash at bank and in hand
2,628
16,913
Creditors: amounts falling due within one year
(3,450)
(19,636)
Net current liabilities
(822)
(2,723)
Called up share capital
100
100
Profit and loss account
679
412
Shareholders' funds
779
512
For the year ending 31 July 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 18 January 2018.
B Bains
Director
Company Registration No. 08619772
AMBER FINANCE (BAINS) LTD
Notes to the Accounts
for the year ended 31 July 2017
AMBER FINANCE (BAINS) LTD is a private company, limited by shares, registered in England and Wales, registration number 08619772. The registered office is 111 DOVEDALE ROAD, WOLVERHAMPTON, WV4 6RF.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 July 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 August 2015.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% Straight Line
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives. Impairment of intangible fixed assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
AMBER FINANCE (BAINS) LTD
Notes to the Accounts
for the year ended 31 July 2017
4
Intangible fixed assets
Goodwill
Charge for the year
1,599
Franchise costs are capitalised and amortised over equal annual installments over it's useful life of five years.
5
Tangible fixed assets
Fixtures & fittings
Cost or valuation
At cost
6
Creditors: amounts falling due within one year
2017
2016
Taxes and social security
2,431
2,100
Other creditors
1,019
17,536
7
Share capital
2017
2016
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
8
Average number of employees
During the year the average number of employees was 1 (2016: 1).