Alderley Edge Hearing Ltd - Period Ending 2016-07-31

Registration number: 08863067

Alderley Edge Hearing Ltd

Unaudited Abbreviated Accounts

for the Year Ended 31 July 2016
 

Axis Corporate Solutions Limited
Chartered Certified Accountants
Jordangate House
Jordangate
Macclesfield
Cheshire
SK10 1EQ

Alderley Edge Hearing Ltd
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2 to 3

Notes to the Abbreviated Accounts 4 to 5

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 5) have been prepared.

Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Alderley Edge Hearing Ltd
for the Year Ended 31 July 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Alderley Edge Hearing Ltd for the year ended 31 July 2016 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.

This report is made solely to the Board of Directors of Alderley Edge Hearing Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Alderley Edge Hearing Ltd and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Alderley Edge Hearing Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Alderley Edge Hearing Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Alderley Edge Hearing Ltd. You consider that Alderley Edge Hearing Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Alderley Edge Hearing Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Axis Corporate Solutions Limited
Chartered Certified Accountants
Jordangate House
Jordangate
Macclesfield
Cheshire
SK10 1EQ

21 October 2016

Page 1

Alderley Edge Hearing Ltd
(Registration number: 08863067)
Abbreviated Balance Sheet at 31 July 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets					8,745			10,784
Current assets
Stocks					5,007			8,786
Debtors					21,171			12,976
Cash at bank and in hand					12,756			27,937
					38,934			49,699
Creditors: Amounts falling due within one year					(19,778)			(23,446)
Net current assets					19,156			26,253
Net assets					27,901			37,037
Capital and reserves
Called up share capital		3			1			1
Profit and loss account					27,900			37,036
Shareholders' funds					27,901			37,037

For the year ending 31 July 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 21 October 2016 and signed on its behalf by:

.........................................
Ms H Y M Tenwolde
Director

The notes on pages 4 to 5 form an integral part of these financial statements.
Page 2

Alderley Edge Hearing Ltd
(Registration number: 08863067)
Abbreviated Balance Sheet at 31 July 2016
......... continued

.........................................
Mr D Taylor
Director

The notes on pages 4 to 5 form an integral part of these financial statements.
Page 3

Alderley Edge Hearing Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 July 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

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
Fixtures and fittings	15% Reducing balance
Computer equipment	33% Reducing balance

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Pensions

The company operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.

Page 4

Alderley Edge Hearing Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 July 2016
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 August 2015		13,113			13,113
Additions		348			348
At 31 July 2016		13,461			13,461
Depreciation
At 1 August 2015		2,329			2,329
Charge for the year		2,387			2,387
At 31 July 2016		4,716			4,716
Net book value
At 31 July 2016		8,745			8,745
At 31 July 2015		10,784			10,784

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary of £1 each		1			1			1			1

Page 5