Amati Instruments Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 08506963 (England and Wales)

ABBREVIATED ACCOUNTS

FOR THE PERIOD 26 APRIL 2013 TO 31 JULY 2014

FOR

AMATI INSTRUMENTS LIMITED

(FORMERLY DE FACTO 2023 LIMITED)

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

J K Buchanan

Mrs S A Buchanan

REGISTERED OFFICE:

4 Prince Albert Road

London

NW1 7SN

REGISTERED NUMBER:

08506963 (England and Wales)

ACCOUNTANTS:

Scodie Deyong LLP

Chartered Accountants

4 Prince Albert Road

London

NW1 7SN

FIXED ASSETS

Tangible assets

2

24,142

CURRENT ASSETS

Debtors

432

Cash at bank

94,407

94,839

CREDITORS

Amounts falling due within one year

83,620

NET CURRENT ASSETS

11,219

TOTAL ASSETS LESS CURRENT LIABILITIES

35,361

CAPITAL AND RESERVES

Called up share capital

3

3

Share premium

74,999

Profit and loss account

(39,641

)

SHAREHOLDERS' FUNDS

35,361

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 July 2014.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 July 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 14 January 2015 and were signed on its behalf by:

J K Buchanan - Director

Mrs S A Buchanan - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at

the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

32,480

Disposals

(290

)

At 31 July 2014

32,190

DEPRECIATION

Charge for period

8,048

At 31 July 2014

8,048

NET BOOK VALUE

At 31 July 2014

24,142

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

267

Ordinary

£0.01

3

On 15 July 2013 the original 2 Ordinary £1 shares issued on incorporation were subdivided into 200 £0.01

shares.

Following this on 16 July 2013 67 Ordinary £0.01 shares were issued at a premium of £1,119.39 per share.