Abbreviated Company Accounts - ADMIRE COATINGS LIMITED

Abbreviated Company Accounts - ADMIRE COATINGS LIMITED

ADMIRE COATINGS LIMITED - Company Information

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Registered Number 08274628

ADMIRE COATINGS LIMITED

Abbreviated Accounts

31 October 2015

ADMIRE COATINGS LIMITED Registered Number 08274628

Abbreviated Balance Sheet as at 31 October 2015

Notes 2015 2014
£ £
Fixed assets
Intangible assets 2 - 23,504
Tangible assets 3 25,292 9,375
25,292 32,879
Current assets
Debtors 34,872 77,599
Cash at bank and in hand 46,455 50,633
81,327 128,232
Creditors: amounts falling due within one year (106,604) (141,486)
Net current assets (liabilities) (25,277) (13,254)
Total assets less current liabilities 15 19,625
Total net assets (liabilities) 15 19,625
Capital and reserves
Called up share capital 2 2
Profit and loss account 13 19,623
Shareholders' funds 15 19,625
  • For the year ending 31 October 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 26 July 2016

And signed on their behalf by:
Mr Anthony Copage, Director

ADMIRE COATINGS LIMITED Registered Number 08274628

Notes to the Abbreviated Accounts for the period ended 31 October 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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers

Tangible assets depreciation policy
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Asset class Depreciation method and rate
Plant and machinery 25% reducing balance method
Motor vehicles 25% reducing balance method

Intangible assets amortisation policy
Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:
Asset class Amortisation method and rate
Goodwill 33% straight line

2Intangible fixed assets
£
Cost
At 1 November 2014 70,518
Additions -
Disposals -
Revaluations -
Transfers -
At 31 October 2015 70,518
Amortisation
At 1 November 2014 47,014
Charge for the year 23,504
On disposals -
At 31 October 2015 70,518
Net book values
At 31 October 2015 0
At 31 October 2014 23,504
3Tangible fixed assets
£
Cost
At 1 November 2014 16,000
Additions 20,183
Disposals -
Revaluations -
Transfers -
At 31 October 2015 36,183
Depreciation
At 1 November 2014 6,625
Charge for the year 4,266
On disposals -
At 31 October 2015 10,891
Net book values
At 31 October 2015 25,292
At 31 October 2014 9,375