AMN Contracts Ltd - Abbreviated accounts 16.3

AMN Contracts Ltd - Abbreviated accounts 16.3


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REGISTERED NUMBER: SC304993 (Scotland)











ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2016

FOR

AMN CONTRACTS LTD

AMN CONTRACTS LTD (REGISTERED NUMBER: SC304993)






CONTENTS OF THE ABBREVIATED ACCOUNTS
for the Year Ended 31 August 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

AMN CONTRACTS LTD

COMPANY INFORMATION
for the Year Ended 31 August 2016







DIRECTOR: J Candlin





SECRETARY: Mrs M T Candlin





REGISTERED OFFICE: 27 Ingram Street
Glasgow
G1 1HA





REGISTERED NUMBER: SC304993 (Scotland)





ACCOUNTANTS: Kean Jarman & Company
Chartered Accountants
27 Ingram Street
Glasgow
G1 1HA

AMN CONTRACTS LTD (REGISTERED NUMBER: SC304993)

ABBREVIATED BALANCE SHEET
31 August 2016

31.8.16 31.8.15
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 5,856 8,972

CURRENT ASSETS
Stocks 26,534 -
Debtors 60,644 82,095
Cash at bank and in hand 52,360 63,396
139,538 145,491
CREDITORS
Amounts falling due within one year 3 60,193 57,453
NET CURRENT ASSETS 79,345 88,038
TOTAL ASSETS LESS CURRENT
LIABILITIES

85,201

97,010

CREDITORS
Amounts falling due after more than one
year

3

2,438

4,687
NET ASSETS 82,763 92,323

CAPITAL AND RESERVES
Called up share capital 4 100 100
Profit and loss account 82,663 92,223
SHAREHOLDERS' FUNDS 82,763 92,323

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2016 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.

AMN CONTRACTS LTD (REGISTERED NUMBER: SC304993)

ABBREVIATED BALANCE SHEET - continued
31 August 2016


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 31 May 2017 and were signed by:





J Candlin - Director


AMN CONTRACTS LTD (REGISTERED NUMBER: SC304993)

NOTES TO THE ABBREVIATED ACCOUNTS
for the Year Ended 31 August 2016

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 January 2015).

Turnover
Turnover represents net invoiced sales of goods, 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery - 25% on reducing balance
Fixtures and fittings - 33% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held
under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases
are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The
capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to the profit and loss account in the period to which they relate.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 September 2015
and 31 August 2016 31,656
DEPRECIATION
At 1 September 2015 22,684
Charge for year 3,116
At 31 August 2016 25,800
NET BOOK VALUE
At 31 August 2016 5,856
At 31 August 2015 8,972

3. CREDITORS

Creditors include an amount of £ 4,688 (31.8.15 - £ 6,937 ) for which security has been given.

AMN CONTRACTS LTD (REGISTERED NUMBER: SC304993)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
for the Year Ended 31 August 2016

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.16 31.8.15
value: £    £   
100 Ordinary 1 100 100