Company Registration No. 01513443 (England and Wales)
ALTONGATE LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2015
ALTONGATE LIMITED
CONTENTS
Page
Accountants' report
1
Abbreviated balance sheet
2
Notes to the abbreviated accounts
3 - 4
ALTONGATE LIMITED
CERTIFIED PRACTISING ACCOUNTANTS' REPORT TO THE TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF ALTONGATE LIMITED FOR THE YEAR ENDED 30 APRIL 2015
- 1 -
The following reproduces the text of the Accountants' Report prepared in respect of the company's annual unaudited financial statements, from which the unaudited abbreviated financial statements set out on pages 2 to 4 have been prepared.
You consider that the company is exempt from an audit for the year ended 30 April 2015. You have acknowledged, on the balance sheet, your responsibilities for ensuring that the company keeps accounting records which comply with section 386 of the Companies Act 2006, and for preparing accounts which give a true and fair view of the state of affairs of the company and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared these accounts on pages 3 to 8 from the accounting records of the company and on the basis of information and explanations you have given us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
Shorthouse & Martin Limited
17 July 2015
Certified Practising Accountants
62-64 New Road
Basingstoke
Hampshire
RG21 7PW
ALTONGATE LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 APRIL 2015
30 April 2015
- 2 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
9,361
12,860
Current assets
Stocks
2,787
4,950
Debtors
16,483
19,385
Cash at bank and in hand
22,035
15,889
41,305
40,224
Creditors: amounts falling due within one year
(50,307)
(30,754)
Net current (liabilities)/assets
(9,002)
9,470
Total assets less current liabilities
359
22,330
Capital and reserves
Called up share capital
3
200
200
Profit and loss account
159
22,130
Shareholders' funds
359
22,330
For the financial year ended 30 April 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 17 July 2015
Mr J G Whyte
Director
Company Registration No. 01513443
ALTONGATE LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 APRIL 2015
- 3 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets 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:
Plant and machinery
25% on cost
Fixtures, fittings & equipment
25% on cost
Motor vehicles
25% on cost
2
Fixed assets
Tangible assets
£
Cost
At 1 May 2014 & at 30 April 2015
14,327
Depreciation
At 1 May 2014
1,466
Charge for the year
3,500
At 30 April 2015
4,966
Net book value
At 30 April 2015
9,361
At 30 April 2014
12,860
ALTONGATE LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2015
- 4 -
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
50 Ordinary A of £1 each
50
50
50 Ordinary B of £1 each
50
50
50 Ordinary C of £1 each
50
50
50 Ordinary D of £1 each
50
50
200
200