Ancar-B Technologies Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 03347248 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2014

FOR

ANCAR-B TECHNOLOGIES LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

A R Barnes

SECRETARY:

SL Beddoes

REGISTERED OFFICE:

Victoria Spring Business Park

Wakefield Road

Liversedge

West Yorkshire

WF15 6BU

REGISTERED NUMBER:

03347248 (England and Wales)

ACCOUNTANTS:

Bartfields (UK) Limited

Chartered Accountants

4th Floor, Stockdale House

Headingley Office Park

8 Victoria Road

Leeds

LS6 1PF

FIXED ASSETS

Tangible assets

2

186,390

243,165

CURRENT ASSETS

Stocks

9,000

600

Debtors

648,371

522,119

Partnership net current assets

35,319

38,758

Cash at bank

954,521

866,090

1,647,211

1,427,567

CREDITORS

Amounts falling due within one year

3

380,827

540,129

NET CURRENT ASSETS

1,266,384

887,438

TOTAL ASSETS LESS CURRENT LIABILITIES

1,452,774

1,130,603

CREDITORS

Amounts falling due after more than one year

3

(5,551

)

(20,324

)

PROVISIONS FOR LIABILITIES

(18,224

)

(18,147

)

NET ASSETS

1,428,999

1,092,132

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

1,428,899

1,092,032

SHAREHOLDERS' FUNDS

1,428,999

1,092,132

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 19 March 2015 and were signed by:

A R Barnes - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

In respect of contracts for on-going services, turnover is recognised by reference to the stage of completion.

In respect of support contracts, turnover represents the value or work done in the year.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Short leasehold

-

20% on cost

Plant and machinery

-

10% on reducing balance

Fixtures and fittings

-

10% on reducing balance

Motor vehicles

-

25% on cost

Computer equipment

-

20% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

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

sheet date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

Employee benefit trusts (ebts)

The company has purchased a trust for the benefit of employees and certain of their dependants. Monies held in

these trusts are held by independent trustees and managed at their discretion.

Where the company retains future economic benefit from, and has de facto control of the assets and liabilities of

the trust, they are accounted for as assets and liabilities of the company until the earlier of the date that an

allocation of trust funds to employees in respect of past service is declared and the date that assets of the trust

vest in identified individuals.

Where monies held in a trust are determined by the company on the basis of employees' past service to the

business and the company can obtain no future economic benefit from those monies, such monies, whether in the

trust or accrued for by the company are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2013

428,198

Additions

31,657

Disposals

(53,567

)

At 31 July 2014

406,288

DEPRECIATION

At 1 August 2013

185,033

Charge for year

60,533

Eliminated on disposal

(25,668

)

At 31 July 2014

219,898

NET BOOK VALUE

At 31 July 2014

186,390

At 31 July 2013

243,165

3.

CREDITORS

Creditors include an amount of £ 13,519 (2013 - £ 50,813 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

100

Ordinary

£1

100

100

5.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2014 and

31 July 2013:

2014

2013

£

£

A R Barnes

Balance outstanding at start of year

-

32,122

Amounts advanced

152,644

53,632

Amounts repaid

(38,518

)

(85,754

)

Balance outstanding at end of year

114,126

-

Interest has been charged on this loan at HMRC approved rates.