Company Registration No. 1533168 (England and Wales)
ARALBRIDGE LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2016
ARALBRIDGE LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
ARALBRIDGE LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2016
31 March 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
11,556
13,595
Current assets
Stocks
1,472,699
1,439,463
Debtors
956,396
839,467
Cash at bank and in hand
182,407
198,528
2,611,502
2,477,458
Creditors: amounts falling due within one year
(91,929)
(96,882)
Net current assets
2,519,573
2,380,576
Total assets less current liabilities
2,531,129
2,394,171
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
2,531,029
2,394,071
Shareholders' funds
2,531,129
2,394,171
For the financial year ended 31 March 2016 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 9 December 2016
A I Jaye
Director
Company Registration No. 1533168
ARALBRIDGE LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016
- 2 -
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 January 2015).
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
33.3% straight line
Computer equipment
33.3% straight line
Fixtures, fittings & equipment
15% reducing balance
1.5
Stock
Stock is valued at the lower of cost and net realisable value.
2
Fixed assets
Tangible assets
£
Cost
At 1 April 2015 & at 31 March 2016
28,797
Depreciation
At 1 April 2015
15,202
Charge for the year
2,039
At 31 March 2016
17,241
Net book value
At 31 March 2016
11,556
At 31 March 2015
13,595
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
100 Ordinary shares of £1 each
100
100