ACTRITE LIMITED Accounts filed on 31-03-2015
ACTRITE LIMITED Accounts filed on 31-03-2015
ACTRITE LIMITED
Company Registration Number:
06744623 (England and Wales)
Abbreviated (Unaudited) Accounts
Period of accounts
Start date: 01st April 2014
End date: 31st March 2015
SUBMITTED
ACTRITE LIMITED
Company Information
for the Period Ended
31st March 2015
Director: |
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Registered office: |
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Isle Of Wight | ||
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Company Registration Number: |
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ACTRITE LIMITED
Abbreviated Balance sheet
As at 31st March 2015
Notes | 2015 £ |
2014 £ |
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Fixed assets | |||
Tangible assets: | 4 |
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Total fixed assets: |
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Current assets | |||
Stocks: |
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Debtors: | 6 |
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Cash at bank and in hand: |
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Total current assets: |
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Creditors | |||
Creditors: amounts falling due within one year | 7 |
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Net current assets (liabilities): |
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Total assets less current liabilities: |
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Creditors: amounts falling due after more than one year: | 8 |
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Total net assets (liabilities): |
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The notes form part of these financial statements
ACTRITE LIMITED
Abbreviated Balance sheet
As at 31st March 2015
continued
Notes | 2015 £ |
2014 £ |
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Capital and reserves | |||
Called up share capital: | 9 |
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Profit and Loss account: |
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Total shareholders funds: |
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The financial statements were approved by the Board of Directors on
SIGNED ON BEHALF OF THE BOARD BY:
Name: G TAYLOR
Status: Director
The notes form part of these financial statements
ACTRITE LIMITED
Notes to the Abbreviated Accounts
for the Period Ended
31st March 2015
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1. Accounting policies
Basis of measurement and preparation of accounts
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008) Turnover policy
The turnover shown in the profit and loss account represents revenue recognised by the company in respect of goods and services supplied during the period, exclusive of Value Added Tax and trade discounts. Tangible fixed assets depreciation policy
Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life. Plant and Machinery - 25% on cost, Computer Equipment - 25% on cost, Motor vehicles - 25% on cost, Office Equipment - 25% on cost Intangible fixed assets amortisation policy
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives, not to exceed twenty years. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable. Valuation information and policy
Stocks and work -in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads. Other accounting policies
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. Research and Development Expenditure on research and development is written off in the year in which it is incurred. Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. Deferred taxation is calculated at the rates of tax that are expected to apply in the periods when the timing differences will reverse and has not been discounted.
ACTRITE LIMITED
Notes to the Abbreviated Accounts
for the Period Ended
31st March 2015
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4. Tangible assets
Total Cost £ At 01st April 2014: 80,117 Additions: 8,821 At 31st March 2015: 88,938 Depreciation At 01st April 2014: 45,201 Charge for year: 10,934 At 31st March 2015: 56,135 Net book value At 31st March 2015: 32,803 At 31st March 2014: 34,916
ACTRITE LIMITED
Notes to the Abbreviated Accounts
for the Period Ended
31st March 2015
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6. Debtors
2015
£2014
£Trade debtors: 24,134 19,134 Other debtors: 16,385 8,787 Total: 40,519 27,921
ACTRITE LIMITED
Notes to the Abbreviated Accounts
for the Period Ended
31st March 2015
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7. Creditors: amounts falling due within one year
2015
£2014
£Bank loans and overdrafts: 8,001 3,501 Amounts due under finance leases and hire purchase contracts: 3,539 5,244 Trade creditors: 10,298 20,631 Taxation and social security: 3,145 46,427 Other creditors: 1,450 1,450 Total: 26,433 77,253
ACTRITE LIMITED
Notes to the Abbreviated Accounts
for the Period Ended
31st March 2015
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8. Creditors: amounts falling due after more than one year
2015
£2014
£Bank loans and overdrafts: 878 72,504 Amounts due under finance leases and hire purchase contracts: 6,322 10,050 Total: 7,200 82,554