ACCOUNTS - Final Accounts preparation


Caseware UK (AP4) 2018.0.196 2018.0.1962019-03-312019-03-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.truetrueNo description of principal activityfalse2018-04-01083846412018-04-012019-03-31083846412019-03-31083846412017-04-012018-03-31083846412018-03-3108384641 c:Director1 2018-04-012019-03-3108384641 c:RegisteredOffice 2018-04-012019-03-3108384641 c:Agent1 2018-04-012019-03-3108384641 d:CurrentFinancialInstruments 2019-03-3108384641 d:CurrentFinancialInstruments 2018-03-3108384641 d:CurrentFinancialInstruments d:WithinOneYear 2019-03-3108384641 d:CurrentFinancialInstruments d:WithinOneYear 2018-03-3108384641 d:ShareCapital 2019-03-3108384641 d:ShareCapital 2018-03-3108384641 d:RetainedEarningsAccumulatedLosses 2019-03-3108384641 d:RetainedEarningsAccumulatedLosses 2018-03-3108384641 c:FRS102 2018-04-012019-03-3108384641 c:AuditExempt-NoAccountantsReport 2018-04-012019-03-3108384641 c:FullAccounts 2018-04-012019-03-3108384641 c:PrivateLimitedCompanyLtd 2018-04-012019-03-31iso4217:GBPxbrli:pure
Company registration number: 08384641







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2019


AMG INVESTMENTS AND CONSULTANCY LIMITED






































                        

 


AMG INVESTMENTS AND CONSULTANCY LIMITED
 


 
COMPANY INFORMATION


Director
Mr L Govinden 




Registered number
08384641



Registered office
Ashcombe House
5 The Crescent

Leatherhead

Surrey

KT22 8DY




Bankers
HSBC Bank Plc
34 High Street

Walton-on-Thames

Surrey

KT12 1DD





 


AMG INVESTMENTS AND CONSULTANCY LIMITED
 



CONTENTS



Page
Statement of Financial Position
1
Notes to the Financial Statements
2 - 4


 


AMG INVESTMENTS AND CONSULTANCY LIMITED
REGISTERED NUMBER:08384641



STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2019

2019
2018
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
1,284,025
1,127,649

Cash at bank and in hand
  
81,936
97,079

  
1,365,961
1,224,728

Creditors: amounts falling due within one year
 5 
(868,946)
(694,537)

Net current assets
  
 
 
497,015
 
 
530,191

Total assets less current liabilities
  
497,015
530,191

  

Net assets
  
497,015
530,191


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
496,915
530,091

  
497,015
530,191


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements 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.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Mr L Govinden
Director

Date: 19 December 2019

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 


AMG INVESTMENTS AND CONSULTANCY LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2019

1.


General information

AMG Investments and Consultancy Limited is a private company limited by shares incorporated in England and Wales. The address of the registered office is disclosed on the company information page.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue represents the amounts (excluding value added tax) derived from the provision of consultancy services during the year.

 
2.3

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

 
2.4

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the Statement of Income and Retained Earnings except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Income and Retained Earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in the Statement of Income and Retained Earnings within 'other operating income'.

Page 2

 


AMG INVESTMENTS AND CONSULTANCY LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2019

2.Accounting policies (continued)

 
2.5

Finance costs

Finance costs are charged to the Statement of Income and Retained Earnings over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Interest income

Interest income is recognised in the Statement of Income and Retained Earnings using the effective interest method.

 
2.7

Taxation

Tax is recognised in the Statement of Income and Retained Earnings, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2018 - 1).


4.


Debtors

2019
2018
£
£


Other debtors
1,284,025
1,127,649

1,284,025
1,127,649



5.


Creditors: Amounts falling due within one year

2019
2018
£
£

Trade creditors
6,870
1,770

Corporation tax
216,140
132,143

Other creditors
641,686
556,624

Accruals and deferred income
4,250
4,000

868,946
694,537


Page 3

 


AMG INVESTMENTS AND CONSULTANCY LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2019

6.


Related party transactions

As at 31 March 2019 the company owed £181 to the director (2018 - £119). No interest is charged on this loan account.

 
Page 4