Company Registration No. SC184516 (Scotland)
Ambermount Limited
Annual report and unaudited accounts
for the year ended 28 February 2017
Ambermount Limited
Annual report and unaudited accounts
Contents
Ambermount Limited
Company Information
for the year ended 28 February 2017
Company Number
SC184516 (Scotland)
Registered Office
C/O Scottish Tax Bureau
94 Hope Street
Glasgow
G2 6PH
Accountants
Scottish Tax Bureau
94 Hope Street
Glasgow
G2 6PH
Ambermount Limited
Accountants' report
Accountants' report to the director of Ambermount Limited on the preparation of the unaudited statutory accounts for the year ended 28 February 2017
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Ambermount Limited for the year ended
28 February 2017 as set out on pages
5 -
9 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Ambermount Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Ambermount Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ambermount Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Ambermount Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Ambermount Limited. You consider that Ambermount Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Ambermount Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Scottish Tax Bureau
94 Hope Street
Glasgow
G2 6PH
6 April 2017
Ambermount Limited
Statement of financial position
as at
28 February 2017
Intangible assets
23,903
26,559
Tangible assets
31,324
33,555
Cash at bank and in hand
14,680
10,667
Creditors: amounts falling due within one year
(92,237)
(91,975)
Net current liabilities
(54,997)
(59,868)
Called up share capital
200
200
Profit and loss account
30
46
Shareholders' funds
230
246
For the year ending 28 February 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 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.
Approved by the Board on 6 April 2017.
Derek Marshall
Director
Company Registration No. SC184516
Ambermount Limited
Statement of Changes in Equity
as at
28 February 2017
Share
capital
Profit
& loss
account
Total
At 1 March 2015
200
4,252
4,452
Profit for the year
52,994
52,994
Dividends
(57,200)
(57,200)
At 29 February 2016
200
46
246
At 1 March 2016
200
46
246
Profit for the year
55,984
55,984
Dividends
(56,000)
(56,000)
At 28 February 2017
200
30
230
Ambermount Limited
Notes to the Accounts
for the year ended 28 February 2017
Ambermount Limited is a private company, limited by shares, registered in Scotland, registration number SC184516. The registered office and principal place of business is C/O Scottish Tax Bureau, 94 Hope Street, Glasgow, G2 6PH.
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 28 February 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 March 2016.
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, net of VAT and discounts, of goods provided to customers and work carried out in respect 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
20% reducing balance
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets at 10% reducing balance. Impairment of intangible fixed assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Ambermount Limited
Notes to the Accounts
for the year ended 28 February 2017
4
Intangible fixed assets
Other
At 28 February 2017
152,115
Charge for the year
2,656
At 28 February 2017
128,212
At 28 February 2017
23,903
At 29 February 2016
26,559
5
Tangible fixed assets
Fixtures & fittings
Cost or valuation
At cost
At 28 February 2017
164,642
Charge for the year
7,831
At 28 February 2017
133,318
At 28 February 2017
31,324
At 29 February 2016
33,555
Finished goods
8,821
6,298
Trade debtors
13,739
15,142
Ambermount Limited
Notes to the Accounts
for the year ended 28 February 2017
8
Creditors: amounts falling due within one year
2017
2016
Trade creditors
42,547
36,375
Corporation tax
14,848
13,203
Other taxes and social security costs
34,842
27,758
9
Share capital
2017
2016
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
100 A Ordinary shares of £1 each
100
100
The company was under the control of Mr Derek Marshall throughout the current and previous year. Mr Marshall is the managing director and majority shareholder.
11
Average number of employees
During the year the average number of employees was 0 (2016: 0).