Aries Networks Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 02626308 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 November 2015

for

Aries Networks Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

A Garner

SECRETARY:

G Slesser

REGISTERED OFFICE:

Unit 7 J3

Business Park

Carr Hill

Doncaster

South Yorkshire

DN4 8DE

REGISTERED NUMBER:

02626308 (England and Wales)

ACCOUNTANTS:

G T Accounts Limited

80 Newhall Road

Kirk Sandall

Doncaster

South Yorkshire

DN3 1QQ

FIXED ASSETS

Tangible assets

2

11,585

1,022

CURRENT ASSETS

Stocks

9,253

10,821

Debtors

17,559

17,779

Cash at bank and in hand

337

1,511

27,149

30,111

CREDITORS

Amounts falling due within one year

20,231

22,333

NET CURRENT ASSETS

6,918

7,778

TOTAL ASSETS LESS CURRENT
LIABILITIES

18,503

8,800

CREDITORS

Amounts falling due after more than one
year

5,156

3,000

NET ASSETS

13,347

5,800

CAPITAL AND RESERVES

Called up share capital

3

2

Profit and loss account

13,345

5,798

SHAREHOLDERS' FUNDS

13,347

5,800

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2015 in accordance with Section 476 of the Companies Act 2006.

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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 16 August 2016 and were signed by:

A Garner - Director

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 January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance

for obsolete and slow moving items.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2014

4,468

Additions

11,850

At 30 November 2015

16,318

DEPRECIATION

At 1 December 2014

3,446

Charge for year

1,287

At 30 November 2015

4,733

NET BOOK VALUE

At 30 November 2015

11,585

At 30 November 2014

1,022

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.15

30.11.14

value:

£

2

Ordinary

1

2