Abbreviated Company Accounts - ABRICHEM COMPOSITE LIMITED

04943668 ABRICHEM COMPOSITE LIMITED 2016-10-31 false 2015-11-01 2016-10-31 true 04943668 2015-11-01 2016-10-31 04943668 2016-10-31 04943668 2015-10-31 04943668 uk-gaap-cd-bus:Director1 2015-11-01 2016-10-31 04943668 uk-gaap-cd-bus:Director2 2015-11-01 2016-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-11-01 2016-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-10-31 iso4217:GBP shares

Registered Number 04943668

ABRICHEM COMPOSITE LIMITED

Abbreviated Accounts

31 October 2016

ABRICHEM COMPOSITE LIMITED Registered Number 04943668

Abbreviated Balance Sheet as at 31 October 2016

	Notes	2016	2015
		£	£
Called up share capital not paid		-	-
Fixed assets
Tangible assets	2	1,066	344
		1,066	344
Current assets
Stocks		4,000	9,978
Debtors		7,192	48
Cash at bank and in hand		21,406	5,295
		32,598	15,321
Creditors: amounts falling due within one year		(33,166)	(15,433)
Net current assets (liabilities)		(568)	(112)
Total assets less current liabilities		498	232
Total net assets (liabilities)		498	232
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		398	132
Shareholders' funds		498	232

For the year ending 31 October 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 25 July 2017

And signed on their behalf by:
Mr James Short, Director
Mr Andrew Needham, Director

ABRICHEM COMPOSITE LIMITED Registered Number 04943668

Notes to the Abbreviated Accounts for the period ended 31 October 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

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

Tangible assets depreciation policy
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:
Plant & Machinery 18% Reducing balance
Computer Equipment 18% Reducing balance

Valuation information and policy
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2Tangible fixed assets

	£
Cost
At 1 November 2015	11,490
Additions	1,300
Disposals	(11,490)
Revaluations	-
Transfers	-
At 31 October 2016	1,300
Depreciation
At 1 November 2015	11,146
Charge for the year	234
On disposals	(11,146)
At 31 October 2016	234
Net book values
At 31 October 2016	1,066
At 31 October 2015	344

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
100 Ordinary shares of £1 each	100	100