Registered Number 04176751
AXIS TOOLING SOLUTIONS LIMITED
Abbreviated Accounts
31 March 2016
Notes | 2016 | 2015 | |
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£ | £ | ||
Fixed assets | |||
Tangible assets | 2 |
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Current assets | |||
Stocks |
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Debtors |
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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 assets (liabilities) |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year |
( |
( |
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Provisions for liabilities |
( |
( |
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Total net assets (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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Approved by the Board on
And signed on their behalf by:
1 Accounting Policies
Basis of measurement and preparation of accounts
with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Turnover policy
during the year and derives from the provision of goods falling within the company's
ordinary activities.
Tangible assets depreciation policy
Fixtures, fittings and equipment - 30% on reducing balance
Other accounting policies
Assets obtained under hire purchase contracts and financial leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. 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.
Rentals payable under operating leases are changed against income on a straight line
basis over the lease term.
Stock and work in progress
Stock and work in progress are valued at the lower of the cost and net realisable value.
Prior year adjustments
It relates to write off, of old balances, as advised by Director.
£ | |
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Cost | |
At 1 April 2015 |
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Additions |
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Disposals |
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Revaluations |
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Transfers |
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At 31 March 2016 |
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Depreciation | |
At 1 April 2015 |
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Charge for the year |
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On disposals |
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At 31 March 2016 |
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Net book values | |
At 31 March 2016 | 45,709 |
At 31 March 2015 | 26,667 |
4 Transactions with directors
Name of director receiving advance or credit: |
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Description of the transaction: |
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Balance at 1 April 2015: |
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Advances or credits made: | £ |
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Advances or credits repaid: |
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Balance at 31 March 2016: | £ |