Company Registration No. 07236259 (England and Wales)
AA ANODISING UK LTD
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2016
AA ANODISING UK LTD
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
AA ANODISING UK LTD
ABBREVIATED BALANCE SHEET
AS AT
30 APRIL 2016
30 April 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
22,794
21,248
Current assets
Debtors
196,332
139,496
Cash at bank and in hand
202
2,551
196,534
142,047
Creditors: amounts falling due within one year
(192,550)
(151,607)
Net current assets/(liabilities)
3,984
(9,560)
Total assets less current liabilities
26,778
11,688
Provisions for liabilities
(2,392)
(5,895)
24,386
5,793
Capital and reserves
Called up share capital
3
2
2
Profit and loss account
24,384
5,791
Shareholders' funds
24,386
5,793
For the financial year ended 30 April 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 27 January 2017
Mr D Ralph
Mr A Ralph
Director
Director
Company Registration No. 07236259
AA ANODISING UK LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 APRIL 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Plant and machinery
15% Reducing Balance
Computer equipment
33% Straight Line
Fixtures, fittings & equipment
25% Reducing Balance
2
Fixed assets
Tangible assets
£
Cost
At 1 May 2015
43,455
Additions
6,841
At 30 April 2016
50,296
Depreciation
At 1 May 2015
22,823
Charge for the year
4,679
At 30 April 2016
27,502
Net book value
At 30 April 2016
22,794
At 30 April 2015
21,248
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
2 Ordinary of £1 each
2
2
AA ANODISING UK LTD
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2016
- 3 -
4
Related party relationships and transactions
The following directors had interest free loans during the year. The movement on these loans are as follows:
Description
% Rate
Opening Balance
Amounts Advanced
Interest Charged
Amounts Repaid
Closing Balance
£
£
£
£
£
Director's Loan
-
8,687
26,196
-
10,000
24,883
Director's Loan
-
53,119
53,368
-
10,739
95,748
61,806
79,564
-
20,739
120,631