ASI (Research) Ltd

		2016		2015
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	2		22,095		29,460

			22,095		29,460
CURRENT ASSETS
Debtors		6,524		9,024
Cash at bank and in hand		9,627		20,183

		16,151		29,207
Creditors: Amounts Falling Due Within One Year		(3,086 )		(56,085 )

NET CURRENT ASSETS (LIABILITIES)			13,065		(26,878 )

TOTAL ASSETS LESS CURRENT LIABILITIES			35,160		2,582

Creditors: Amounts Falling Due After More Than One Year	3		(34,426 )		(34,426 )

NET ASSETS			734		(31,844 )

CAPITAL AND RESERVES
Called up share capital	4		19		19
Profit and Loss Account			715		(31,863 )

SHAREHOLDERS' FUNDS			734		(31,844 )

ASI (Research) Ltd

Company No. 1553005

Abbreviated Balance Sheet (continued) 30 September 2016

For the year ending 30 September 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

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 abbreviated accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2015).

On behalf of the board

Dr Eamonn Butler

19/04/2017

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 Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2. Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

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:

Leasehold	10% straight line
Plant & Machinery	25% straight line
Fixtures & Fittings	25% straight line
Computer Equipment	25% straight line

2. Tangible Assets


	Total
Cost	£
As at 1 October 2015	176,135

As at 30 September 2016	176,135

Depreciation
As at 1 October 2015	146,675
Provided during the period	7,365

As at 30 September 2016	154,040

Net Book Value
As at 30 September 2016	22,095

As at 1 October 2015	29,460

3. Creditors: Amounts Falling Due After More Than One Year

	2016	2015
	£	£
Directors loan account	34,426	34,426

4. Share Capital

	Value	Number	2016	2015
Allotted, called up and fully paid	£		£	£
Ordinary shares	1.000	19	19	19

5. Ultimate Controlling Party

The company's ultimate controlling party are the directors by virtue of their ownership of over 75% of the issued share capital in the company.