ADENGLOW_LIMITED - Accounts
ADENGLOW_LIMITED - Accounts
Company Registration No. 01771704 (England and Wales)
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016
CONTENTS
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3 - 5
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
Current assets
Stocks
Debtors
Cash at bank and in hand
Creditors: amounts falling due within one year
3
(668,815 )
(496,852 )
Net current liabilities/(assets)
(58,404 )
Total assets less current liabilities
Creditors: amounts falling due after more than one year
4
(214,888 )
(361,367 )
Provisions for liabilities
(75,162 )
(92,002 )
314,534
342,287
Capital and reserves
Called up share capital
5
Profit and loss account
Shareholders' funds
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2016
- 2 -
Directors' responsibilities:
-
-
Approved by the Board for issue on 14 September 2016
Director
Company Registration No. 01771704
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016
- 3 -
1
Accounting policies
1.1
Accounting convention
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
1.4
Tangible fixed assets and depreciation
Freehold buildings
Plant and machinery
Fixtures and fittings
Motor vehicles
1.5
Leasing and hire purchase commitments
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
1.6
Stock
Stock is valued at the lower of cost and net realisable value.
1.7
Pensions
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable.
1.8
Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2016
- 4 -
2
Fixed assets
Tangible assets
£
Cost
At 1 April 2015
1,411,323
Additions
2,940
At 31 March 2016
1,414,263
Depreciation
At 1 April 2015
656,771
Charge for the year
94,504
At 31 March 2016
751,275
Net book value
At 31 March 2016
662,988
At 31 March 2015
754,552
3
Creditors: amounts falling due within one year
The aggregate amount of creditors for which security has been given amounted to £299,917 (2015 - £191,677).
4
Creditors: amounts falling due after more than one year
2016
2015
£
£
Analysis of loans repayable in more than five years
Total amounts repayable by instalments which are due in more than five years
-
22,684
The aggregate amount of creditors for which security has been given amounted to £214,888 (2015 - £361,367).
5
Share capital
2016
2015
£
£
Allotted, called up and fully paid
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2016
- 5 -
6
Control
As in the previous year the ultimate controlling parties are Mr S J Charnock and Mr S Green, directors, by virtue of their shareholdings.