A & E ASBESTOS LIMITED

Company Registration Number:
06544929 (England and Wales)

Unaudited abridged accounts for the year ended 31 July 2017

Period of accounts

Start date: 01 August 2016

End date: 31 July 2017

A & E ASBESTOS LIMITED

Contents of the Financial Statements

for the Period Ended 31 July 2017

Balance sheet
Notes

A & E ASBESTOS LIMITED

Balance sheet

As at 31 July 2017


Notes
2017
2016


£
£
Fixed assets
Tangible assets: 2 19,219 24,018
Total fixed assets: 19,219 24,018
Current assets
Stocks: 63,985 76,580
Debtors:   399,518 236,264
Cash at bank and in hand: 173,789 398,231
Total current assets: 637,292 711,075
Creditors: amounts falling due within one year:   (339,849) (263,681)
Net current assets (liabilities): 297,443 447,394
Total assets less current liabilities: 316,662 471,412
Creditors: amounts falling due after more than one year:     (1,406)
Total net assets (liabilities): 316,662 470,006
Capital and reserves
Called up share capital: 150 150
Profit and loss account: 316,512 469,856
Shareholders funds: 316,662 470,006

The notes form part of these financial statements

A & E ASBESTOS LIMITED

Balance sheet statements

For the year ending 31 July 2017 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 08 February 2018
and signed on behalf of the board by:

Name: Mr Jon Michael EVEREST
Status: Director

The notes form part of these financial statements

A & E ASBESTOS LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2017

1. Accounting policies

The financial statements are prepared under the historical cost convention and comply with financial reporting standards of the Accounting Standards Board.The company has taken advantage of the exemption in FRS1 from the requirement to produce a cashflow statement because it is a small company.

Turnover policy

Turnover represents the total invoice value, excluding value added tax, of sales made during the year.

Valuation and information policy

Stock and work in progress are valued at the lower of cost and net realisable value.

A & E ASBESTOS LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2017


2. Tangible Assets

Total
Cost £
At 01 August 2016 66,449
At 31 July 2017 66,449
Depreciation
At 01 August 2016 42,431
Charge for year 4,799
At 31 July 2017 47,230
Net book value
At 31 July 2017 19,219
At 31 July 2016 24,018