Company Registration No. 02159994 (England and Wales)
ANDREAS W. KLATT LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2016
ANDREAS W. KLATT LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
ANDREAS W. KLATT LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2016
31 March 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
7,140
7,962
Current assets
Debtors
4,094
7,885
Cash at bank and in hand
25,046
19,442
29,140
27,327
Creditors: amounts falling due within one year
(5,600)
(9,522)
Net current assets
23,540
17,805
Total assets less current liabilities
30,680
25,767
Provisions for liabilities
(1,285)
(1,304)
29,395
24,463
Capital and reserves
Called up share capital
3
101
101
Profit and loss account
29,294
24,362
Shareholders' funds
29,395
24,463
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.
Director's 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 director acknowledges his 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 Klatt
Director
Company Registration No. 02159994
ANDREAS W. KLATT 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
15% reducing balance
Fixtures, fittings & equipment
33% on cost
2
Fixed assets
Tangible assets
£
Cost
At 1 April 2015
42,372
Additions
4,724
Disposals
(36,518)
At 31 March 2016
10,578
Depreciation
At 1 April 2015
34,410
On disposals
(32,724)
Charge for the year
1,752
At 31 March 2016
3,438
Net book value
At 31 March 2016
7,140
At 31 March 2015
7,962
ANDREAS W. KLATT LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2016
- 3 -
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
100 Ordinary Shares of £1 each
100
100
1 Ordinary 'A' Shares of £1 each
1
1
101
101
Ordinary 'A' shares have no voting rights but they rank before ordinary shares in any winding up.