Abbreviated Company Accounts - A & D SIGNS AND ENGRAVING LIMITED

A & D SIGNS AND ENGRAVING LIMITED - Company Information

04790592 A & D SIGNS AND ENGRAVING LIMITED 2015-07-31 false 2014-08-01 2015-07-31 true 04790592 2014-08-01 2015-07-31 04790592 2015-07-31 04790592 2014-07-31 04790592 uk-gaap-cd-bus:Director1 2014-08-01 2015-07-31 04790592 uk-gaap-cd-bus:Director2 2014-08-01 2015-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-08-01 2015-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-07-31 iso4217:GBP shares

Registered Number 04790592

A & D SIGNS AND ENGRAVING LIMITED

Abbreviated Accounts

31 July 2015

A & D SIGNS AND ENGRAVING LIMITED Registered Number 04790592

Abbreviated Balance Sheet as at 31 July 2015

	Notes	2015	2014
		£	£
Fixed assets
Intangible assets	2	23,000	25,875
Tangible assets	3	15,063	6,062
		38,063	31,937
Current assets
Debtors		27,805	40,945
Cash at bank and in hand		17,773	8,569
		45,578	49,514
Creditors: amounts falling due within one year		(73,006)	(61,685)
Net current assets (liabilities)		(27,428)	(12,171)
Total assets less current liabilities		10,635	19,766
Provisions for liabilities		(2,785)	(935)
Total net assets (liabilities)		7,850	18,831
Capital and reserves
Called up share capital	4	100	100
Profit and loss account		7,750	18,731
Shareholders' funds		7,850	18,831

For the year ending 31 July 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 20 April 2016

And signed on their behalf by:
J J Morris, Director

A & D SIGNS AND ENGRAVING LIMITED Registered Number 04790592

Notes to the Abbreviated Accounts for the period ended 31 July 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.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Plant and machinery - 15% reducing balance
Fixtures, fittings and equipment - 15% reducing balance
Motor vehicles - 25% reducing balance

Other accounting policies
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life of
20 years.

Pensions
The pension costs charged in the financial statements represent the contribution payable by the company during the year.

Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more, tax, with the following exception:

Deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.

Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

Transactions with directors
The directors jointly own the company's trading premises which are leased to the company at a rent of £3,350 per annum (2014 £3,000).

During the year, the directors received dividends totalling £27,000 (2014 £23,000).

2Intangible fixed assets

	£
Cost
At 1 August 2014	57,500
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 July 2015	57,500
Amortisation
At 1 August 2014	31,625
Charge for the year	2,875
On disposals	-
At 31 July 2015	34,500
Net book values
At 31 July 2015	23,000
At 31 July 2014	25,875

3Tangible fixed assets

	£
Cost
At 1 August 2014	25,933
Additions	13,228
Disposals	-
Revaluations	-
Transfers	-
At 31 July 2015	39,161
Depreciation
At 1 August 2014	19,871
Charge for the year	4,227
On disposals	-
At 31 July 2015	24,098
Net book values
At 31 July 2015	15,063
At 31 July 2014	6,062

4Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
100 Ordinary shares of £1 each	100	100

Authorised
100,000 Ordinary shares of £1 each