Abbreviated Company Accounts - ASRANET LTD.

Abbreviated Company Accounts - ASRANET LTD.

ASRANET GLASGOW LIMITED - Company Information

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Registered Number SC297550

ASRANET LTD.

Abbreviated Accounts

31 January 2016

ASRANET LTD. Registered Number SC297550

Abbreviated Balance Sheet as at 31 January 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 4,747 4,277
4,747 4,277
Current assets
Debtors 839 845
Cash at bank and in hand 13,089 10,392
13,928 11,237
Creditors: amounts falling due within one year (6,353) (7,014)
Net current assets (liabilities) 7,575 4,223
Total assets less current liabilities 12,322 8,500
Provisions for liabilities (941) (845)
Total net assets (liabilities) 11,381 7,655
Capital and reserves
Called up share capital 100 100
Profit and loss account 11,281 7,555
Shareholders' funds 11,381 7,655
  • For the year ending 31 January 2016 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 24 August 2016

And signed on their behalf by:
Prof Purnendu Das, Director

ASRANET LTD. Registered Number SC297550

Notes to the Abbreviated Accounts for the period ended 31 January 2016

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 receivable for goods and services net of VAT and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Computer equipment 33% reducing balance
Fixtures, fittings and equipment 25% reducing balance
Motor Vehicles 25% reducing balance

2Tangible fixed assets
£
Cost
At 1 February 2015 22,360
Additions 2,731
Disposals -
Revaluations -
Transfers -
At 31 January 2016 25,091
Depreciation
At 1 February 2015 18,083
Charge for the year 2,261
On disposals -
At 31 January 2016 20,344
Net book values
At 31 January 2016 4,747
At 31 January 2015 4,277