Abbreviated Company Accounts - AUDIOTECH SERVICES LIMITED

AUDIOTECH SERVICES LIMITED - Company Information

03541662 AUDIOTECH SERVICES LIMITED 2014-04-30 false 2013-05-01 2014-04-30 true 03541662 2013-05-01 2014-04-30 03541662 2014-04-30 03541662 2013-04-30 03541662 uk-gaap-cd-bus:Director1 2013-05-01 2014-04-30 03541662 uk-gaap-cd-bus:Director2 2013-05-01 2014-04-30 uk-gaap-cd-bus:Director3 2013-05-01 2014-04-30 uk-gaap-cd-bus:Director3 2014-04-30 uk-gaap-cd-bus:Director3 2013-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-05-01 2014-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-04-30 iso4217:GBP shares

Registered Number 03541662

AUDIOTECH SERVICES LIMITED

Abbreviated Accounts

30 April 2014

AUDIOTECH SERVICES LIMITED Registered Number 03541662

Abbreviated Balance Sheet as at 30 April 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	43,843	35,210
		43,843	35,210
Current assets
Stocks		604,623	623,625
Debtors		74,250	148,872
Cash at bank and in hand		89,873	264,123
		768,746	1,036,620
Creditors: amounts falling due within one year		(272,594)	(574,610)
Net current assets (liabilities)		496,152	462,010
Total assets less current liabilities		539,995	497,220
Creditors: amounts falling due after more than one year		(13,736)	(99,676)
Accruals and deferred income		(22,009)	(44,018)
Total net assets (liabilities)		504,250	353,526
Capital and reserves
Called up share capital	3	300	300
Share premium account		2,859	2,859
Profit and loss account		501,091	350,367
Shareholders' funds		504,250	353,526

For the year ending 30 April 2014 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 8 December 2014

And signed on their behalf by:
Mr W D Ward, Director

AUDIOTECH SERVICES LIMITED Registered Number 03541662

Notes to the Abbreviated Accounts for the period ended 30 April 2014

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 the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods falling within the company's ordinary activities.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:-
Leasehold properties - Straight line over the life of the lease
Plant & Machinery - 25% Reducing Balance
Fixtures & Fittings - 25% Reducing Balance
Motor Vehicles - 25% Reducing Balance

Other accounting policies
Leasing & hire purchase commitments - Assets obtained under hire purchase contracts and finance leases are either capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives or taken as stock items. 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 constant periodic rates of charge on the net obligations outstanding in each period.
Stock is valued at the lower of cost and net realisable value.
Government grants - Grants are credited to deferred revenue. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.

2Tangible fixed assets

	£
Cost
At 1 May 2013	112,279
Additions	19,578
Disposals	-
Revaluations	-
Transfers	-
At 30 April 2014	131,857
Depreciation
At 1 May 2013	77,069
Charge for the year	10,945
On disposals	-
At 30 April 2014	88,014
Net book values
At 30 April 2014	43,843
At 30 April 2013	35,210

3Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
300 Ordinary shares of £1 each	300	300

4Transactions with directors

Name of director receiving advance or credit:	Mr W D Ward
Description of the transaction:	Shareholders personal guarantee
Balance at 1 May 2013:	£ 185,181
Advances or credits made:	£ 88,640
Advances or credits repaid:	£ 191,550
Balance at 30 April 2014:	£ 82,271

The shareholders have personally guaranteed the company transactions with Handelsbanken Finans.