Asset Lettings Limited - Abbreviated accounts 16.3
Asset Lettings Limited - Abbreviated accounts 16.3
REGISTERED NUMBER: |
Abbreviated Unaudited Accounts |
for the Year Ended 31 October 2016 |
for |
ASSET LETTINGS LIMITED |
ASSET LETTINGS LIMITED (REGISTERED NUMBER: 06719632) |
Contents of the Abbreviated Accounts |
for the Year Ended 31 October 2016 |
Page |
Company Information | 1 |
Abbreviated Balance Sheet | 2 |
Notes to the Abbreviated Accounts | 3 |
ASSET LETTINGS LIMITED |
Company Information |
for the Year Ended 31 October 2016 |
DIRECTOR: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
ASSET LETTINGS LIMITED (REGISTERED NUMBER: 06719632) |
Abbreviated Balance Sheet |
31 October 2016 |
31.10.16 | 31.10.15 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
CURRENT ASSETS |
Debtors |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | ( |
) | ( |
) |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
CAPITAL AND RESERVES |
Called up share capital | 3 |
Profit and loss account | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
The director acknowledges his responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
The financial statements were approved by the director on |
ASSET LETTINGS LIMITED (REGISTERED NUMBER: 06719632) |
Notes to the Abbreviated Accounts |
for the Year Ended 31 October 2016 |
1. | ACCOUNTING POLICIES |
Accounting convention |
The financial statements have been prepared under the historical cost convention and in accordance with the |
Financial Reporting Standard for Smaller Entities (effective January 2015). |
Turnover |
Turnover represents net invoiced sales of goods, excluding value added tax. |
Tangible fixed assets |
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 - 25% reducing balance |
Plant and Machinery - 25% reducing balance |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
Going concern |
The director has confirmed that he will continue to give financial support to the company until such time as its |
position improves. In addition the director has confirmed that he will not recall his loans within 12 months. The |
director consider that it is appropriate to prepare the financial statements on a going concern basis. The financial |
statements do not include any adjustments that would result if the financial support were withdrawn. |
2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 November 2015 |
Additions |
At 31 October 2016 |
DEPRECIATION |
At 1 November 2015 |
Charge for year |
At 31 October 2016 |
NET BOOK VALUE |
At 31 October 2016 |
At 31 October 2015 |
3. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.10.16 | 31.10.15 |
value: | £ | £ |
Ordinary Share Capital | 1 |