Abbreviated Company Accounts - ALPHA PNEUMATIC SUPPLIES LIMITED

ALPHA PNEUMATIC SUPPLIES LIMITED - Company Information

Registered Number 02953130

ALPHA PNEUMATIC SUPPLIES LIMITED

Abbreviated Accounts

31 July 2016

ALPHA PNEUMATIC SUPPLIES LIMITED Registered Number 02953130

Abbreviated Balance Sheet as at 31 July 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	34,580	22,360
		34,580	22,360
Current assets
Stocks		600,615	666,221
Debtors		294,255	269,238
Cash at bank and in hand		26,774	13,742
		921,644	949,201
Creditors: amounts falling due within one year		(275,715)	(398,777)
Net current assets (liabilities)		645,929	550,424
Total assets less current liabilities		680,509	572,784
Creditors: amounts falling due after more than one year		(68,785)	(65,985)
Total net assets (liabilities)		611,724	506,799
Capital and reserves
Called up share capital		52	52
Other reserves		48	48
Profit and loss account		611,624	506,699
Shareholders' funds		611,724	506,799

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 17 November 2016

And signed on their behalf by:
Mr G C Stamatiou, Director

ALPHA PNEUMATIC SUPPLIES LIMITED Registered Number 02953130

Notes to the Abbreviated Accounts for the period ended 31 July 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 amount receivable for goods and services net of VAT and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets other than freehold land 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:
Land and building leasehold :over the period of the lease on straight line basis.
Plant and machinery : 25% on a reducing balance basis
Motor Vehicles : 25% on a reducing balance basis

2Tangible fixed assets

	£
Cost
At 1 August 2015	162,238
Additions	25,006
Disposals	-
Revaluations	-
Transfers	-
At 31 July 2016	187,244
Depreciation
At 1 August 2015	139,878
Charge for the year	12,786
On disposals	-
At 31 July 2016	152,664
Net book values
At 31 July 2016	34,580
At 31 July 2015	22,360