Abbreviated Company Accounts - ABER ELECTRONICS LIMITED

07400511 ABER ELECTRONICS LIMITED 2016-10-31 false 2015-11-01 2016-10-31 true 07400511 2015-11-01 2016-10-31 07400511 2016-10-31 07400511 2015-10-31 07400511 uk-gaap-cd-bus:Director1 2015-11-01 2016-10-31 07400511 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 07400511

ABER ELECTRONICS LIMITED

Abbreviated Accounts

31 October 2016

ABER ELECTRONICS LIMITED Registered Number 07400511

Abbreviated Balance Sheet as at 31 October 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	14,302	9,208
		14,302	9,208
Current assets
Stocks		18,744	12,786
Debtors		50,911	43,061
Cash at bank and in hand		38,489	13,808
		108,144	69,655
Creditors: amounts falling due within one year		(120,000)	(77,965)
Net current assets (liabilities)		(11,856)	(8,310)
Total assets less current liabilities		2,446	898
Provisions for liabilities		(313)	(313)
Total net assets (liabilities)		2,133	585
Capital and reserves
Called up share capital	3	4	4
Profit and loss account		2,129	581
Shareholders' funds		2,133	585

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 19 July 2017

And signed on their behalf by:
A Haynes, Director

ABER ELECTRONICS LIMITED Registered Number 07400511

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

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with
FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as
applied to small entities by section 1A of the standard).

Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts
and value added taxes. Turnover includes revenue earned from the sale of goods and from the
rendering of services. Turnover from the sale of goods is recognised when the significant risks
and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering
of services is recognised by reference to the stage of completion of the contract. The stage of
completion of a contract is measured by comparing the costs incurred for work performed to date
to the total estimated contract costs.

Tangible assets depreciation policy
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative
impairment losses. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its
expected useful life.

2Tangible fixed assets

	£
Cost
At 1 November 2015	20,457
Additions	8,628
Disposals	-
Revaluations	-
Transfers	-
At 31 October 2016	29,085
Depreciation
At 1 November 2015	11,249
Charge for the year	3,534
On disposals	-
At 31 October 2016	14,783
Net book values
At 31 October 2016	14,302
At 31 October 2015	9,208

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

	2016 £	2015 £
4 Ordinary shares of £1 each	4	4