Registered Number 01556369

ABRAN TOOLS LIMITED

Abbreviated Accounts

30 June 2016

ABRAN TOOLS LIMITED Registered Number 01556369

Abbreviated Balance Sheet as at 30 June 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 58,709 46,793
58,709 46,793
Current assets
Stocks 93,503 90,817
Debtors 154,856 211,455
Cash at bank and in hand 154,707 165,428
403,066 467,700
Creditors: amounts falling due within one year (235,422) (227,699)
Net current assets (liabilities) 167,644 240,001
Total assets less current liabilities 226,353 286,794
Creditors: amounts falling due after more than one year (9,674) (6,117)
Total net assets (liabilities) 216,679 280,677
Capital and reserves
Called up share capital 100 100
Profit and loss account 216,579 280,577
Shareholders' funds 216,679 280,677
  • For the year ending 30 June 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 27 March 2017

And signed on their behalf by:
Mr G Edwards, Director

ABRAN TOOLS LIMITED Registered Number 01556369

Notes to the Abbreviated Accounts for the period ended 30 June 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover shown in profit and loss account presents revenue earned during the period exclusive of VAT

Tangible assets depreciation policy
Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life. Plant and machinery 15% reducing balance, Office equipment 15% reducing balance, Motor vehicles 25% reducing balance.

Valuation information and policy
Stock and work in progress are valued at the lower of costs or net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

2Tangible fixed assets
£
Cost
At 1 July 2015 125,493
Additions 27,302
Disposals (22,902)
Revaluations -
Transfers -
At 30 June 2016 129,893
Depreciation
At 1 July 2015 78,700
Charge for the year 9,950
On disposals (17,466)
At 30 June 2016 71,184
Net book values
At 30 June 2016 58,709
At 30 June 2015 46,793