APM Lettings Limited

Contents
	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: SC494171

		2018		2017
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	2		633		844

			633		844
CURRENT ASSETS
Cash at bank and in hand		37,273		35,729

		37,273		35,729
Creditors: Amounts Falling Due Within One Year	3	(31,623 )		(31,858 )

NET CURRENT ASSETS (LIABILITIES)			5,650		3,871

TOTAL ASSETS LESS CURRENT LIABILITIES			6,283		4,715

NET ASSETS			6,283		4,715

CAPITAL AND RESERVES
Called up share capital	4		100		100
Profit and Loss Account			6,183		4,615

SHAREHOLDERS' FUNDS			6,283		4,715

Page 1

Balance Sheet (continued)

As at 31 December 2018

For the year ending 31 December 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Ally Rashid

27/09/2019

1. Accounting Policies

1.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

1.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

1.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings

25% on reducing balance method

2. Tangible Assets


	Fixtures & Fittings
	£
Cost
As at 1 January 2018	1,500

As at 31 December 2018	1,500

Depreciation
As at 1 January 2018	656
Provided during the period	211

As at 31 December 2018	867

Net Book Value
As at 31 December 2018	633

As at 1 January 2018	844

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APM Lettings Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2018

3. Creditors: Amounts Falling Due Within One Year

	2018	2017
	£	£
Corporation tax	798	798
Other taxes and social security	84	84
Director's loan account	30,741	30,976

	31,623	31,858

4. Share Capital

	2018		2017
Allotted, Called up and fully paid	100		100

5. General Information

APM Lettings Limited is a private company, limited by shares, incorporated in Scotland, registered number SC494171. The registered office is 198 Morrison Street, Edinburgh, EH3 8EB.

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