Abbreviated Company Accounts - A & L FUTURES LIMITED

06182043 A & L FUTURES LIMITED 2016-03-31 false 2015-04-01 2016-03-31 true 06182043 2015-04-01 2016-03-31 06182043 2016-03-31 06182043 2015-03-31 06182043 uk-gaap-cd-bus:Director1 2015-04-01 2016-03-31 06182043 uk-gaap-cd-bus:Director2 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 iso4217:GBP shares

Registered Number 06182043

A & L FUTURES LIMITED

Abbreviated Accounts

31 March 2016

A & L FUTURES LIMITED Registered Number 06182043

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Intangible assets	2	1,011	1,190
		1,011	1,190
Current assets
Debtors		5,928	4,230
Cash at bank and in hand		25,624	21,767
		31,552	25,997
Creditors: amounts falling due within one year		(25,302)	(9,380)
Net current assets (liabilities)		6,250	16,617
Total assets less current liabilities		7,261	17,807
Total net assets (liabilities)		7,261	17,807
Capital and reserves
Called up share capital	3	2	2
Profit and loss account		7,259	17,805
Shareholders' funds		7,261	17,807

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 21 December 2016

And signed on their behalf by:
A Pemberton, Director

A & L FUTURES LIMITED Registered Number 06182043

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 April 2008.

Turnover policy
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and machinery- 15% net reducing balance

2Intangible fixed assets

	£
Cost
At 1 April 2015	2,108
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	2,108
Amortisation
At 1 April 2015	918
Charge for the year	179
On disposals	-
At 31 March 2016	1,097
Net book values
At 31 March 2016	1,011
At 31 March 2015	1,190

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

	2016 £	2015 £
2 Ordinary shares of £1 each	2	2