Registered Number 02793843

ASLES (TOOL HIRE AND SALES) LTD.

Abbreviated Accounts

31 March 2014

ASLES (TOOL HIRE AND SALES) LTD. Registered Number 02793843

Abbreviated Balance Sheet as at 31 March 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 194,185 225,978
194,185 225,978
Current assets
Stocks 10,950 12,630
Debtors 94,435 98,143
Cash at bank and in hand 114,453 88,592
219,838 199,365
Creditors: amounts falling due within one year (24,109) (23,774)
Net current assets (liabilities) 195,729 175,591
Total assets less current liabilities 389,914 401,569
Provisions for liabilities (13,124) (13,320)
Total net assets (liabilities) 376,790 388,249
Capital and reserves
Called up share capital 3 100 100
Profit and loss account 376,690 388,149
Shareholders' funds 376,790 388,249
  • For the year ending 31 March 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 15 September 2014

And signed on their behalf by:
MRS A P CLARE, Director

ASLES (TOOL HIRE AND SALES) LTD. Registered Number 02793843

Notes to the Abbreviated Accounts for the period ended 31 March 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 turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Freehold Property...............Straight line over 50 years
Plant & Machinery............... 20% reducing balance basis
Fixtures & Fittings................20% reducing balance basis
Motor Vehicles..................... 20% reducing balance basis

2Tangible fixed assets
£
Cost
At 1 April 2013 670,992
Additions 1,205
Disposals -
Revaluations -
Transfers -
At 31 March 2014 672,197
Depreciation
At 1 April 2013 445,014
Charge for the year 32,998
On disposals -
At 31 March 2014 478,012
Net book values
At 31 March 2014 194,185
At 31 March 2013 225,978
3Called Up Share Capital
Allotted, called up and fully paid:
2014
£
2013
£
100 Ordinary shares of £1 each 100 100