Aberdeen_Powerclean_Ltd_30_Sep_2015_abbreviated_set_of_accounts.html

Aberdeen_Powerclean_Ltd_30_Sep_2015_abbreviated_set_of_accounts.html

ABERDEEN POWERCLEAN LTD - Company Information

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Private Limited CompanyCompany accountstrue1 October 2014FYtruetruefalsetruetruefalsexbrli:purexbrli:sharesiso4217:GBPSC4082222014-09-302015-09-30SC4082222015-09-30SC4082222014-09-30SC408222uk-bus:Director12014-09-302015-09-30SC408222uk-gaap:NetGoodwill2014-09-302015-09-30SC408222uk-gaap:PlantMachinery2014-09-302015-09-30SC4082222014-10-01SC408222uk-bus:OrdinaryShareClass12014-09-302015-09-30SC408222uk-bus:OrdinaryShareClass12013-09-302014-09-30SC408222uk-bus:OrdinaryShareClass12015-09-30SC408222uk-bus:OrdinaryShareClass12014-09-30
Company registration number:
SC408222
Aberdeen Powerclean Ltd
Abbreviated Financial Statements
for the year ended
30 September 2015
Aberdeen Powerclean Ltd
Abbreviated Balance Sheet
30 September 2015
20152014
Note££
Fixed assets    
Tangible assets # -  
250
 
Current assets    
Debtors
104
 
6,673
 
Cash at bank and in hand
1,297
 
575
 
1,401
 
7,248
 
Creditors: amounts falling due within one year #
(1,294
 )
(12,570
 )
Net current assets/(liabilities)
107
 
(5,322
 )
Total assets less current liabilities
107
 
(5,072
 )
Capital and reserves    
Called up share capital #
2
 
2
 
Profit and loss account
105
 
(5,074
 )
Shareholders funds/(deficit)
107
 
(5,072
 )
For the year ending
30 September 2015
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
These abbreviated financial statements were approved by the board of directors and authorised for issue on
10 June 2016
, and are signed on behalf of the board by:
Mr John Paul Crawley
Director
Company registration number:
SC408222
Aberdeen Powerclean Ltd
Notes to the Abbreviated Accounts
Year ended
30 September 2015

Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents amounts invoiced during the year, exclusive of Value Added Tax and trade discounts. Turnover is recognised when the seller obtains the right to consideration in exchange for its performance, usually on dispatch of the goods.

Current tax

Current tax is recognised in the profit and loss account, except to the extent that it is attributable to a gain or loss that has been recognised directly in the statement of total recognised gains or losses. In this case, tax is recognised in this statement. Current tax is measured at the amounts of tax expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Goodwill

Purchased goodwill arises on business acquisitions and represents the difference between the cost of acquisition and the fair values of the identifiable assets and liabilities acquired. Goodwill is initially recorded at cost, and is subsequently stated at cost less any accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over the useful economic life of the asset. Where a reliable estimate of the useful life of goodwill cannot be made, the life is presumed not to exceed five years. The carrying values of goodwill is reviewed for impairment in a period if events or changes in circumstances indicate the carrying value may not be recoverable.

Tangible assets

Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Plant and machinery
25% straight line

Financial instruments

Financial instruments are classified and accounted for according to the substance of contractual arrangements, as either financial assets, financial liabilities or equity instruments.

Operating leases

Leases are classified as operating leases where substantially all the benefits of ownerships remain with the lessor. Rentals payable under operating leases are charged to the profit and loss account on a straight-line basis over the lease term.

Intangible assets

£
Cost  
At
1 October 2014
3,000
 
At
30 September 2015
3,000
 
Amortisation  
At
1 October 2014
3,000
 
At
30 September 2015
3,000
 
Net book value  
At
30 September 2015
 -  
At 30 September 2014 -  

Tangible assets

£
Cost  
At
1 October 2014
5,953
 
At
30 September 2015
5,953
 
Depreciation  
At
1 October 2014
5,703
 
Charge
250
 
At
30 September 2015
5,953
 
Net book value  
At
30 September 2015
 -  
At 30 September 2014
250
 

Called up share capital

Allotted, called up and fully paid

20152014
No.£No.£
Ordinary
shares of £​
1.00
each
2
 
2
 
2
 
2