Abbreviated Company Accounts - ADDITIVE STUDIOS LTD

ADDITIVE STUDIOS LTD - Company Information

Registered Number 08004781

ADDITIVE STUDIOS LTD

Abbreviated Accounts

31 March 2016

ADDITIVE STUDIOS LTD Registered Number 08004781

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	17,443	21,696
		17,443	21,696
Current assets
Debtors		47,801	16,949
Cash at bank and in hand		29,950	84,618
		77,751	101,567
Creditors: amounts falling due within one year		(24,951)	(53,279)
Net current assets (liabilities)		52,800	48,288
Total assets less current liabilities		70,243	69,984
Total net assets (liabilities)		70,243	69,984
Capital and reserves
Called up share capital		100	100
Profit and loss account		70,143	69,884
Shareholders' funds		70,243	69,984

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 14 December 2016

And signed on their behalf by:
MATTHEW STEVENS, Director
PETER AYLWARD, Director

ADDITIVE STUDIOS LTD Registered Number 08004781

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 2008.

Turnover policy
Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off each asset over its
estimated useful life.
Computer equipment - 25% on reducing balance

2Tangible fixed assets

	£
Cost
At 1 April 2015	38,630
Additions	1,562
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	40,192
Depreciation
At 1 April 2015	16,934
Charge for the year	5,815
On disposals	-
At 31 March 2016	22,749
Net book values
At 31 March 2016	17,443
At 31 March 2015	21,696