ACCOUNTS - Final Accounts preparation


Caseware UK (AP4) 2016.0.181 2016.0.1812017-03-312017-03-31falseThe principal activity of the company during the year was management consultancy.false2016-04-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.true083846412016-04-012017-03-31083846412017-03-31083846412015-04-012016-03-31083846412016-03-3108384641 c:Director1 2016-04-012017-03-3108384641 d:CurrentFinancialInstruments 2017-03-3108384641 d:CurrentFinancialInstruments 2016-03-3108384641 d:CurrentFinancialInstruments d:WithinOneYear 2017-03-3108384641 d:CurrentFinancialInstruments d:WithinOneYear 2016-03-3108384641 d:ShareCapital 2017-03-3108384641 d:ShareCapital 2016-03-3108384641 d:RetainedEarningsAccumulatedLosses 2017-03-3108384641 d:RetainedEarningsAccumulatedLosses 2016-03-3108384641 c:FRS102 2016-04-012017-03-3108384641 c:AuditExempt-NoAccountantsReport 2016-04-012017-03-3108384641 c:FullAccounts 2016-04-012017-03-3108384641 c:PrivateLimitedCompanyLtd 2016-04-012017-03-31iso4217:GBPxbrli:pure
Company registration number: 08384641







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2017


AMG INVESTMENTS AND CONSULTANCY LIMITED






































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AMG INVESTMENTS AND CONSULTANCY LIMITED
 



CONTENTS



Page
Statement of Financial Position
1
Notes to the Financial Statements
2 - 3


 


AMG INVESTMENTS AND CONSULTANCY LIMITED
REGISTERED NUMBER:08384641



STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2017

2017
2016
£
£


Current assets

Debtors: amounts falling due within one year
611,888
257,195

Cash at bank and in hand
322
11,185

612,210
268,380

Creditors: amounts falling due within one year
(437,309)
(97,123)

Net current assets
 
 
174,901
 
 
171,257

Total assets less current liabilities
174,901
171,257


Net assets
174,901
171,257


Capital and reserves

Called up share capital 
100
100

Profit and loss account
174,801
171,157

174,901
171,257


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 on 30 November 2017.



Mr L Govinden
Director
The notes on pages 2 to 3 form part of these financial statements.

Page 1

 


AMG INVESTMENTS AND CONSULTANCY LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2017

1.


General information

The company is limited by shares and incorporated in England. The address of the registered office is given in the
company information on page 1 of these financial statements. The company's principal activity is that of
management consultancy.
The financial statements are presented in sterling which is the functional currency of the company and rounded to
the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below. These
policies have been consistently applied to all years presented unless otherwise stated.

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 is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Financial instruments

The Company only enters into basic financial instruments 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

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.

Page 2

 


AMG INVESTMENTS AND CONSULTANCY LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2017

3.


Employees

Staff costs were as follows:


The average monthly number of employees, including directors, during the year was 1 (2016 - 1).


4.


Debtors

2017
2016
£
£


Other debtors
467,374
257,195

Prepayments and accrued income
144,514
-

611,888
257,195



5.


Cash and cash equivalents

2017
2016
£
£

Cash at bank and in hand
322
11,185

322
11,185



6.


Creditors: Amounts falling due within one year

2017
2016
£
£

Trade creditors
8,370
8,346

Corporation tax
78,369
85,702

Other creditors
346,570
75

Accruals and deferred income
4,000
3,000

437,309
97,123



7.


First time adoption of FRS 102

The policies applied under the entity's previous accounting framework are not materially different to FRS 102 and have not impacted on equity or profit or loss.

 
Page 3