Abbreviated Company Accounts - ABC CONVEYOR BELTING LIMITED

04264232 ABC CONVEYOR BELTING LIMITED 2013-03-31 false 2012-04-01 2013-03-31 true 04264232 2012-04-01 2013-03-31 04264232 2013-03-31 04264232 2012-03-31 04264232 uk-gaap-cd-bus:Director1 2012-04-01 2013-03-31 04264232 uk-gaap-cd-bus:Director2 2012-04-01 2013-03-31 uk-gaap-cd-bus:Director3 2012-04-01 2013-03-31 uk-gaap-cd-bus:Director3 2013-03-31 uk-gaap-cd-bus:Director3 2012-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2012-04-01 2013-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2012-03-31 iso4217:GBP shares

Registered Number 04264232

ABC CONVEYOR BELTING LIMITED

Abbreviated Accounts

31 March 2013

ABC CONVEYOR BELTING LIMITED Registered Number 04264232

Abbreviated Balance Sheet as at 31 March 2013

	Notes	2013	2012
		£	£
Fixed assets
Tangible assets	2	41,926	49,100
		41,926	49,100
Current assets
Stocks		76,750	38,750
Debtors		195,051	222,147
Cash at bank and in hand		1,745	-
		273,546	260,897
Creditors: amounts falling due within one year		(333,259)	(308,548)
Net current assets (liabilities)		(59,713)	(47,651)
Total assets less current liabilities		(17,787)	1,449
Provisions for liabilities		(3,548)	(3,921)
Total net assets (liabilities)		(21,335)	(2,472)
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		(21,435)	(2,572)
Shareholders' funds		(21,335)	(2,472)

For the year ending 31 March 2013 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 16 December 2013

And signed on their behalf by:
Mr AW Sells, Director

ABC CONVEYOR BELTING LIMITED Registered Number 04264232

Notes to the Abbreviated Accounts for the period ended 31 March 2013

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
Turnover represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods falling within the company's ordinary activities.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Plant and machinery - 25% reducing balance
Fixtures, fittings and equipment - 25% reducing balance
Motor vehicles - 25% reducing balance
Tenant improvements - 25% reducing balance

Valuation information and policy
Stock is valued by the director, at the lower of cost and net realisable value.

2Tangible fixed assets

	£
Cost
At 1 April 2012	200,467
Additions	6,802
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2013	207,269
Depreciation
At 1 April 2012	151,367
Charge for the year	13,976
On disposals	-
At 31 March 2013	165,343
Net book values
At 31 March 2013	41,926
At 31 March 2012	49,100

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

	2013 £	2012 £
100 Ordinary shares of £1 each	100	100

4Transactions with directors

Name of director receiving advance or credit:	Mr AW Sells
Description of the transaction:	Advances to director
Balance at 1 April 2012:	£ 4,000
Advances or credits made:	-
Advances or credits repaid:	£ 4,000
Balance at 31 March 2013:	£ 0

The following director had interest free loans during the year. The movements on these loans are as follows: