ALM Design Limited - Abbreviated accounts 16.1

Abbreviated Unaudited Accounts

for the Period 1 December 2014 to 31 December 2015

for

ALM Design Limited

Page

Company Information

1

Abbreviated Statement of Financial Position

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

H Abdi

REGISTERED OFFICE:

890 Plymouth Road

Trading Estate

Slough

Berkshire

SL1 4LP

REGISTERED NUMBER:

07067471 (England and Wales)

ACCOUNTANTS:

Peter Upton

Bridge House

2 Bridge Avenue

Maidenhead

Berkshire

SL6 1RR

FIXED ASSETS

Tangible assets

2

20,946

3,846

CURRENT ASSETS

Stocks

-

19,602

Debtors

36,354

77,556

Cash at bank

74

13,225

36,428

110,383

CREDITORS

Amounts falling due within one year

90,318

85,486

NET CURRENT (LIABILITIES)/ASSETS

(53,890

)

24,897

TOTAL ASSETS LESS CURRENT
LIABILITIES

(32,944

)

28,743

CREDITORS

Amounts falling due after more than one
year

(28,037

)

-

PROVISIONS FOR LIABILITIES

(269

)

(769

)

NET (LIABILITIES)/ASSETS

(61,250

)

27,974

CAPITAL AND RESERVES

Called up share capital

3

100

Retained earnings

(61,350

)

27,874

SHAREHOLDERS' FUNDS

(61,250

)

27,974

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2015.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 27 June 2016 and were signed by:

H Abdi - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Financial reporting standard 102 - reduced disclosure exemptions

The company has taken advantage of the following disclosure exemption in preparing these financial

statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and

Republic of Ireland":

•

the requirements of Section 7 Statement of Cash Flows.

Revenue recognition

Revenue from the sale of goods is recognised when the goods are delivered and title has passed.

Revenue is measured at the fair value of the consideration received or receivable net of discounts and

sales-related taxes.

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 etc

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

Deferred tax

Deferred tax assets and liabilities are recognised in the balance sheet in respect of all timing

differences that have originated but not reversed at the balance sheet date where transactions or events

that result in an obligation to pay more or a right to pay less tax in the future have occurred by the

balance sheet date.

Deferred tax is calculated on an undiscounted basis at the tax rates that are expected to apply in the

periods in which the timing differences are expected to reverse. Any movements in the year are

recognised in the profit and loss account.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2014

12,626

Additions

20,329

At 31 December 2015

32,955

DEPRECIATION

At 1 December 2014

8,780

Charge for period

3,229

At 31 December 2015

12,009

NET BOOK VALUE

At 31 December 2015

20,946

At 30 November 2014

3,846

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.15

30.11.14

value:

£

100

Ordinary

£1

100