AM Distributions (Yorkshire) Ltd - Accounts to registrar (filleted) - small 17.3

AM DISTRIBUTIONS (YORKSHIRE) LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JANUARY 2017

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D Khodadi

A Khodadi

M Khodadi

REGISTERED OFFICE:

Unit 38 Commerce Court

Challenge Way

Bradford

West Yorkshire

BD4 8NW

REGISTERED NUMBER:

08211344 (England and Wales)

ACCOUNTANTS:

Wilkinson and Partners

Chartered Accountants

Fairfax House

6a Mill Field Road

Cottingley Business Park

Bradford

West Yorkshire

BD16 1PY

FIXED ASSETS

Tangible assets

3

1

1

CURRENT ASSETS

Debtors

4

7,449

19,770

Cash at bank

289,236

187,548

296,685

207,318

CREDITORS

Amounts falling due within one year

5

92,409

23,778

NET CURRENT ASSETS

204,276

183,540

TOTAL ASSETS LESS CURRENT LIABILITIES

204,277

183,541

CAPITAL AND RESERVES

Called up share capital

6

6

6

Retained earnings

7

204,271

183,535

SHAREHOLDERS' FUNDS

204,277

183,541

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2017 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 27th October 2017 and were signed on its behalf by:

D Khodadi - Director

A Khodadi - Director

M Khodadi - Director

1.	STATUTORY INFORMATION

AM Distributions (Yorkshire) Ltd is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,

rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Computer equipment

-

33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

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

balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different

from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and

laws that have been enacted or substantively enacted by the year end and that are expected to apply to the

reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that

they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

3.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1st February 2016

and 31st January 2017

583

DEPRECIATION

At 1st February 2016

and 31st January 2017

582

NET BOOK VALUE

At 31st January 2017

1

At 31st January 2016

1

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

7,449

19,770

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

1,857

2,966

Tax

21,685

16,501

VAT

1,857

3,333

Other creditors

66,000

-

Accrued expenses

1,010

978

92,409

23,778

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

6

Ordinary

1.00

6

6

7.

RESERVES

Retained

earnings

£

At 1st February 2016

183,535

Profit for the year

86,736

Dividends

(66,000

)

At 31st January 2017

204,271

8.	RELATED PARTY DISCLOSURES

During the year, total dividends of £66,000 were paid to the directors .

9.	ULTIMATE CONTROLLING PARTY

The directors control the company due to holding 100% of issued share capital.