ADVANCED TECHNOLOGY CONSULTANTS LTD | ||||
ABBREVIATED UNAUDITED ACCOUNTS | ||||
FOR THE YEAR ENDED 31 MAY 2016 | ||||
INDEX TO THE ACCOUNTS | ||||
Pages | ||||
1 | Abbreviated Balance Sheet | |||
2-3 | Notes to the Abbreviated Accounts | |||
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Company registered number: |
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ABBREVIATED BALANCE SHEET | |||||
AT |
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Note | 2016 | 2015 | |||
£ | £ | £ | |||
FIXED ASSETS | |||||
Tangible Assets | 2 |
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CURRENT ASSETS | |||||
Stock |
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Debtors falling due within one year |
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Cash at bank and in hand |
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CREDITORS: Amounts falling due within one year |
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NET CURRENT LIABILITIES | ( |
( |
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NET LIABILITIES | ( |
( |
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CAPITAL AND RESERVES | |||||
Called up share capital | 3 |
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Profit and loss account | ( |
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SHAREHOLDERS' FUNDS | ( |
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In approving these financial statements as directors of the company we hereby confirm the following: | ||||
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Directors' responsibilities: | ||||
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These abbreviated accounts were approved by the board of directors on |
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The notes on pages 2 to 3 form part of these accounts | |
page 1 | |
NOTES TO THE ABBREVIATED ACCOUNTS | |||
FOR THE YEAR ENDED 31 MAY 2016 |
1. | ACCOUNTING POLICIES |
1a. | Basis of accounting | |
The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). |
1b. | Tangible fixed assets | |||
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Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life by the reducing balance method. | ||||
Fixtures, fittings and equipment |
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1c. | Stocks | ||
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1d. | Taxation | ||
Corporation tax payable is provided on taxable profits at the current rate. | |||
1e. | Turnover | ||
Turnover comprises the value of sales (excluding VAT and similar taxes and trade discounts) of goods and services in the normal course of business. |
page 2 | |
ADVANCED TECHNOLOGY CONSULTANTS LTD | |||
NOTES TO THE ABBREVIATED ACCOUNTS (CONT.) | |||
FOR THE YEAR ENDED 31 MAY 2016 |
2. | TANGIBLE FIXED ASSETS | 2016 | 2015 |
£ | £ | ||
Cost | |||
At 1 June 2015 |
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30,956 | |
At 31 May 2016 |
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Depreciation | |||
At 1 June 2015 |
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29,347 | |
For the year |
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At 31 May 2016 |
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Net Book Amounts | |||
At 31 May 2016 |
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3. | SHARE CAPITAL | 2016 | 2015 |
£ | £ | ||
Allotted, issued and fully paid: | |||
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page 3 |