Abbreviated Company Accounts - ADVANCED INDUSTRIAL SUPPLIES LTD

ADVANCED INDUSTRIAL SUPPLIES LTD - Company Information

Registered Number 06828127

ADVANCED INDUSTRIAL SUPPLIES LTD

Abbreviated Accounts

31 January 2014

ADVANCED INDUSTRIAL SUPPLIES LTD Registered Number 06828127

Abbreviated Balance Sheet as at 31 January 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	24,600	9,953
		24,600	9,953
Current assets
Stocks		40,500	16,500
Debtors		214,315	170,662
Investments		100	100
Cash at bank and in hand		8,658	-
		263,573	187,262
Creditors: amounts falling due within one year		(272,808)	(196,788)
Net current assets (liabilities)		(9,235)	(9,526)
Total assets less current liabilities		15,365	427
Creditors: amounts falling due after more than one year		(14,922)	0
Total net assets (liabilities)		443	427
Capital and reserves
Called up share capital		100	100
Profit and loss account		343	327
Shareholders' funds		443	427

For the year ending 31 January 2014 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 31 July 2014

And signed on their behalf by:
M Carrington, Director
D L Howe, Director

ADVANCED INDUSTRIAL SUPPLIES LTD Registered Number 06828127

Notes to the Abbreviated Accounts for the period ended 31 January 2014

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
Represents Sales Net of VAT and after discounts.

Tangible assets depreciation policy
Depreciation is provided on a reducing balance basis on an annual basis of;
Motor Vehicles at 25%
Fixtures & Fittings at 15%

2Tangible fixed assets

	£
Cost
At 1 February 2013	16,041
Additions	22,041
Disposals	(2,088)
Revaluations	-
Transfers	-
At 31 January 2014	35,994
Depreciation
At 1 February 2013	6,088
Charge for the year	7,394
On disposals	(2,088)
At 31 January 2014	11,394
Net book values
At 31 January 2014	24,600
At 31 January 2013	9,953