Ancar-B Technologies Limited - Limited company - abbreviated - 11.9
Ancar-B Technologies Limited - Limited company - abbreviated - 11.9
REGISTERED NUMBER: |
ABBREVIATED UNAUDITED ACCOUNTS |
FOR THE YEAR ENDED 31 JULY 2015 |
FOR |
ANCAR-B TECHNOLOGIES LIMITED |
ANCAR-B TECHNOLOGIES LIMITED (REGISTERED NUMBER: 03347248) |
CONTENTS OF THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31 JULY 2015 |
Page |
Company Information | 1 |
Abbreviated Balance Sheet | 2 |
Notes to the Abbreviated Accounts | 4 |
ANCAR-B TECHNOLOGIES LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31 JULY 2015 |
DIRECTOR: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
ANCAR-B TECHNOLOGIES LIMITED (REGISTERED NUMBER: 03347248) |
ABBREVIATED BALANCE SHEET |
31 JULY 2015 |
2015 | 2014 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
CURRENT ASSETS |
Stocks |
Debtors |
Partnership net current assets |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 3 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
3 |
( |
) | ( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 4 |
Profit and loss account |
SHAREHOLDERS' FUNDS |
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. |
ANCAR-B TECHNOLOGIES LIMITED (REGISTERED NUMBER: 03347248) |
ABBREVIATED BALANCE SHEET - continued |
31 JULY 2015 |
The financial statements were approved by the director on |
ANCAR-B TECHNOLOGIES LIMITED (REGISTERED NUMBER: 03347248) |
NOTES TO THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31 JULY 2015 |
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 |
Short leasehold | - |
Plant and machinery | - |
Fixtures and fittings | - |
Motor vehicles | - |
Computer equipment | - |
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. |
ANCAR-B TECHNOLOGIES LIMITED (REGISTERED NUMBER: 03347248) |
NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 31 JULY 2015 |
2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 August 2014 |
Additions |
At 31 July 2015 |
DEPRECIATION |
At 1 August 2014 |
Charge for year |
At 31 July 2015 |
NET BOOK VALUE |
At 31 July 2015 |
At 31 July 2014 |
3. | CREDITORS |
Creditors include an amount of £ |
4. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2015 | 2014 |
value: | £ | £ |
Ordinary | £1 |
5. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
The following advances and credits to a director subsisted during the years ended 31 July 2015 and |
31 July 2014: |
2015 | 2014 |
£ | £ |
Balance outstanding at start of year |
Amounts advanced |
Amounts repaid | ( |
) | ( |
) |
Balance outstanding at end of year |
Interest has been charged on this loan at HMRC approved rates. |