Abbreviated Company Accounts - ADVANCED INDUSTRIAL SUPPLIES LTD

ADVANCED INDUSTRIAL SUPPLIES LTD - Company Information

Registered Number 06828127

ADVANCED INDUSTRIAL SUPPLIES LTD

Abbreviated Accounts

31 January 2016

ADVANCED INDUSTRIAL SUPPLIES LTD Registered Number 06828127

Abbreviated Balance Sheet as at 31 January 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	30,780	25,950
		30,780	25,950
Current assets
Stocks		75,606	40,500
Debtors		238,453	148,744
Investments		100	100
Cash at bank and in hand		8,332	688
		322,491	190,032
Creditors: amounts falling due within one year		(306,124)	(216,658)
Net current assets (liabilities)		16,367	(26,626)
Total assets less current liabilities		47,147	(676)
Creditors: amounts falling due after more than one year		(32,531)	(10,625)
Total net assets (liabilities)		14,616	(11,301)
Capital and reserves
Called up share capital		100	100
Profit and loss account		14,516	(11,401)
Shareholders' funds		14,616	(11,301)

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 26 October 2016

And signed on their behalf by:
M Carrington, Director
D Howe, Director

ADVANCED INDUSTRIAL SUPPLIES LTD Registered Number 06828127

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
Represents Sales net of VAT after discounts

Tangible assets depreciation policy
Depreciation is charged annually on a reducing balance basis at the rate of 25% on Vehicles and 15% on Plant & Equipment

2Tangible fixed assets

	£
Cost
At 1 February 2015	44,591
Additions	14,350
Disposals	(880)
Revaluations	-
Transfers	-
At 31 January 2016	58,061
Depreciation
At 1 February 2015	18,641
Charge for the year	9,242
On disposals	(602)
At 31 January 2016	27,281
Net book values
At 31 January 2016	30,780
At 31 January 2015	25,950