Registered Number 01456710

AIT RECORDERS LIMITED

Abbreviated Accounts

30 September 2014

AIT RECORDERS LIMITED Registered Number 01456710

Abbreviated Balance Sheet as at 30 September 2014

Notes 2014 2013
£ £
Called up share capital not paid - -
Fixed assets
Intangible assets - -
Tangible assets 2 9,721 12,152
Investments - -
9,721 12,152
Current assets
Stocks 225,056 225,056
Debtors - -
Investments - -
Cash at bank and in hand - -
225,056 225,056
Prepayments and accrued income - -
Creditors: amounts falling due within one year 3 (60,775) (60,775)
Net current assets (liabilities) 164,281 164,281
Total assets less current liabilities 174,002 176,433
Creditors: amounts falling due after more than one year 3 (17,773) (17,773)
Provisions for liabilities 0 0
Accruals and deferred income 0 0
Total net assets (liabilities) 156,229 158,660
Capital and reserves
Called up share capital 32,002 32,002
Share premium account 0 0
Revaluation reserve 0 0
Profit and loss account 124,227 126,658
Shareholders' funds 156,229 158,660
  • For the year ending 30 September 2014 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 12 December 2014

And signed on their behalf by:
Michael King, Director

AIT RECORDERS LIMITED Registered Number 01456710

Notes to the Abbreviated Accounts for the period ended 30 September 2014

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
The company has not traded during the finacial year therefore, there is no Turnover shown in the Profit and Loss account.

2Tangible fixed assets
£
Cost
At 1 October 2013 322,389
Additions -
Disposals -
Revaluations -
Transfers -
At 30 September 2014 322,389
Depreciation
At 1 October 2013 310,237
Charge for the year 2,431
On disposals -
At 30 September 2014 312,668
Net book values
At 30 September 2014 9,721
At 30 September 2013 12,152

Fixed Assets comprising of Furniture & Electronic Equipment, depreciation has been provided at a rate of 20% on a straight line basis applied over the assets useful lives.

3Creditors
2014
£		 2013
£
Secured Debts 60,775 60,775
Instalment debts due after 5 years 0 0
Non-instalment debts due after 5 years 0 0