Abbreviated Company Accounts - ACMATIC TECHNOLOGIES LIMITED

Abbreviated Company Accounts - ACMATIC TECHNOLOGIES LIMITED


Registered Number 07998106

ACMATIC TECHNOLOGIES LIMITED

Abbreviated Accounts

31 March 2016

ACMATIC TECHNOLOGIES LIMITED Registered Number 07998106

Abbreviated Balance Sheet as at 31 March 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 976 469
976 469
Current assets
Debtors 21,297 9,480
Cash at bank and in hand 57,372 68,257
78,669 77,737
Creditors: amounts falling due within one year (23,952) (25,156)
Net current assets (liabilities) 54,717 52,581
Total assets less current liabilities 55,693 53,050
Total net assets (liabilities) 55,693 53,050
Capital and reserves
Called up share capital 3 10 10
Profit and loss account 55,683 53,040
Shareholders' funds 55,693 53,050
  • For the year ending 31 March 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 15 December 2016

And signed on their behalf by:
Mr R Mundhada, Director

ACMATIC TECHNOLOGIES LIMITED Registered Number 07998106

Notes to the Abbreviated Accounts for the period ended 31 March 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 2015.

Turnover policy
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

Tangible assets depreciation policy
All fixed assets are initially recorded at cost.

Depreciation
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Equipment - 33.33% straight line

Other accounting policies
Financial Instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

2Tangible fixed assets
£
Cost
At 1 April 2015 648
Additions 769
Disposals -
Revaluations -
Transfers -
At 31 March 2016 1,417
Depreciation
At 1 April 2015 179
Charge for the year 262
On disposals -
At 31 March 2016 441
Net book values
At 31 March 2016 976
At 31 March 2015 469
3Called Up Share Capital
Allotted, called up and fully paid:
2016
£
2015
£
10Ordinary shares of £1 each 10 10

4Transactions with directors

Name of director receiving advance or credit: Mr R Mundhada
Description of the transaction: The following loan from Mr R Mundhada
Balance at 1 April 2015: £ 2,513
Advances or credits made: -
Advances or credits repaid: £ 2,513
Balance at 31 March 2016: £ 0

Name of director receiving advance or credit: Mr R Mundhada
Description of the transaction: The following loan to Mr R Mundhada
Balance at 1 April 2015: -
Advances or credits made: £ 7,437
Advances or credits repaid: -
Balance at 31 March 2016: £ 7,437

The non-interest bearing loan is repayable upon demand