A&E Tech Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 05529605 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 29 FEBRUARY 2016

FOR

A&E TECH LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

I J Horrocks

REGISTERED OFFICE:

73 Bold Road

St Helens

Merseyside

WA9 4JG

REGISTERED NUMBER:

05529605 (England and Wales)

ACCOUNTANTS:

Mattocks Grindley

Unit 28

Salisbury Street

St Helens

WA10 1FY

FIXED ASSETS

Tangible assets

2

41,371

39,981

CURRENT ASSETS

Debtors

134,926

143,778

Cash at bank and in hand

5,728

8,692

140,654

152,470

CREDITORS

Amounts falling due within one year

61,845

97,868

NET CURRENT ASSETS

78,809

54,602

TOTAL ASSETS LESS CURRENT LIABILITIES

120,180

94,583

CREDITORS

Amounts falling due after more than one
year

7,601

-

NET ASSETS

112,579

94,583

CAPITAL AND RESERVES

Called up share capital

3

1

Profit and loss account

112,578

94,582

SHAREHOLDERS' FUNDS

112,579

94,583

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the
end of each financial year and of its profit or loss for each financial year in accordance with the requirements of
Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to
financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 29 November 2016 and were signed by:

I J Horrocks - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover comprises revenue recognised by the company in respect of services supplied, exclusive of Value

Added Tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Improvements to property

-

15% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those

held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance

leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period.

The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 March 2015

83,852

Additions

16,912

Disposals

(748

)

At 29 February 2016

100,016

DEPRECIATION

At 1 March 2015

43,871

Charge for year

14,774

At 29 February 2016

58,645

NET BOOK VALUE

At 29 February 2016

41,371

At 28 February 2015

39,981

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

29.2.16

28.2.15

value:

£

1

Ordinary

£1

1

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 29 February 2016 and

28 February 2015:

29.2.16

28.2.15

£

I J Horrocks

Balance outstanding at start of year

20,705

2,253

Amounts advanced

42,094

48,952

Amounts repaid

-

(30,500

)

Balance outstanding at end of year

62,799

20,705