Abbreviated Company Accounts - AUDIOTECH SERVICES LIMITED

AUDIOTECH SERVICES LIMITED - Company Information

03541662 AUDIOTECH SERVICES LIMITED 2015-04-30 false 2014-05-01 2015-04-30 true 03541662 2014-05-01 2015-04-30 03541662 2015-04-30 03541662 2014-04-30 03541662 uk-gaap-cd-bus:Director1 2014-05-01 2015-04-30 03541662 uk-gaap-cd-bus:Director2 2014-05-01 2015-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-05-01 2015-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-04-30 iso4217:GBP shares

Registered Number 03541662

AUDIOTECH SERVICES LIMITED

Abbreviated Accounts

30 April 2015

AUDIOTECH SERVICES LIMITED Registered Number 03541662

Abbreviated Balance Sheet as at 30 April 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	22,450	43,843
		22,450	43,843
Current assets
Stocks		494,503	604,623
Debtors		181,990	74,250
Cash at bank and in hand		162,905	89,873
		839,398	768,746
Creditors: amounts falling due within one year		(253,780)	(272,594)
Net current assets (liabilities)		585,618	496,152
Total assets less current liabilities		608,068	539,995
Creditors: amounts falling due after more than one year		(6,710)	(13,736)
Accruals and deferred income		-	(22,009)
Total net assets (liabilities)		601,358	504,250
Capital and reserves
Called up share capital	3	300	300
Share premium account		2,859	2,859
Profit and loss account		598,199	501,091
Shareholders' funds		601,358	504,250

For the year ending 30 April 2015 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 17 November 2015

And signed on their behalf by:
W D Ward, Director

AUDIOTECH SERVICES LIMITED Registered Number 03541662

Notes to the Abbreviated Accounts for the period ended 30 April 2015

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 it's expected useful life as follows:-
Leasehold properties - Straight line over the life of the lease
Plant & Machinery - 25% Reducing balance
Fixtures & Fittings -25% Reducing balance
Motor Vehicles -25% Reducing balance

Other accounting policies
Stock is valued at lower of cost and net realisable value.
Government grants are credited to deferred revenue. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants towards revenue expenditure are released to profit and loss account as the related expenditure is incurred.

2Tangible fixed assets

	£
Cost
At 1 May 2014	131,857
Additions	-
Disposals	(30,839)
Revaluations	-
Transfers	-
At 30 April 2015	101,018
Depreciation
At 1 May 2014	88,014
Charge for the year	4,045
On disposals	(13,491)
At 30 April 2015	78,568
Net book values
At 30 April 2015	22,450
At 30 April 2014	43,843

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

	2015 £	2014 £
300 Ordinary shares of £1 each	300	300