Registered Number 04609575

ABRASIVE FINISHING SYSTEMS LIMITED

Abbreviated Accounts

31 March 2016

ABRASIVE FINISHING SYSTEMS LIMITED Registered Number 04609575

Abbreviated Balance Sheet as at 31 March 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 23,335 24,142
23,335 24,142
Current assets
Stocks 80,131 67,479
Debtors 154,277 139,422
Cash at bank and in hand 53,821 71,237
288,229 278,138
Creditors: amounts falling due within one year (169,238) (164,551)
Net current assets (liabilities) 118,991 113,587
Total assets less current liabilities 142,326 137,729
Creditors: amounts falling due after more than one year (7,445) (31,045)
Provisions for liabilities (4,668) (4,829)
Total net assets (liabilities) 130,213 101,855
Capital and reserves
Called up share capital 2 2
Profit and loss account 130,211 101,853
Shareholders' funds 130,213 101,855
  • For the year ending 31 March 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 26 August 2016

And signed on their behalf by:
Mr B Compton, Director

ABRASIVE FINISHING SYSTEMS LIMITED Registered Number 04609575

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

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 January 2015.

Turnover policy
Turnover represents the total value, excluding value added tax, of sales made during the year.

2Tangible fixed assets
£
Cost
At 1 April 2015 51,835
Additions 9,447
Disposals -
Revaluations -
Transfers -
At 31 March 2016 61,282
Depreciation
At 1 April 2015 27,693
Charge for the year 10,254
On disposals -
At 31 March 2016 37,947
Net book values
At 31 March 2016 23,335
At 31 March 2015 24,142