AATI Limited - Period Ending 2016-03-31

AATI Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2016

Lambert Chapman LLP
Chartered Accountants
3 Warners Mill
Silks Way
Braintree
Essex
CM7 3GB

AATI Limited
Contents

Abbreviated Balance Sheet

Notes to the Abbreviated Accounts

2 to 3

Registration number: 01841189

AATI Limited
Balance Sheet as at 31 March 2016

	Note	2016 £	2015 £
Fixed assets
Tangible fixed assets	2	9,534	1,449
Current assets
Debtors		125,275	57,913
Cash at bank and in hand		2,678	236
		127,953	58,149
Creditors: Amounts falling due within one year		(71,772)	(15,204)
Net current assets		56,181	42,945
Total assets less current liabilities		65,715	44,394
Provisions for liabilities		(60,312)	(34,992)
Net assets		5,403	9,402
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		5,303	9,302
Shareholders' funds		5,403	9,402

For the year ended 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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2015).

Approved by the Board on 6 September 2016 and signed on its behalf by:

D G Bisset
Director

T M Martin
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
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AATI Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Turnover

Turnover represents the sale of manufactured cast stair nosings recognised on an accrued basis, excluding value added tax.

Depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life;

Asset class	Depreciation method and rate
Plant, machinery and standard patterns	15% Reducing Balance Method

Deferred tax

Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the balance sheet date.

Pensions

The company operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.

2

Fixed assets

	Tangible assets £	Total £
Cost
At 1 April 2015	1,577	1,577
Additions	9,065	9,065
At 31 March 2016	10,642	10,642
Depreciation
At 1 April 2015	128	128
Charge for the year	980	980
At 31 March 2016	1,108	1,108
Net book value
At 31 March 2016	9,534	9,534
At 31 March 2015	1,449	1,449

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AATI Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued

3	Share capital

Allotted, called up and fully paid shares

	2016			2015
		No.	£		No.	£
Ordinary shares of £1 each		100	100		100	100

4	Ultimate parent company

The company is a 100% subsidiary of Finch Seaman Enfield Group Limited, a company incorporated in England and Wales, which is itself a 100% subsidiary of Enfield Holdings Limited, making Enfield Holdings Limited the Ultimate Parent Company.

Control

The company is ultimately controlled by D Bisset.

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