Company Registration No. 06325468 (England and Wales)
ANETEC TOOLING & AUTOMATION LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2016
ANETEC TOOLING & AUTOMATION LIMITED
CONTENTS
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3 - 5
ANETEC TOOLING & AUTOMATION LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 JANUARY 2016
31 January 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
30,980
38,013
Investments
2
20,000
30,000
50,980
68,013
Current assets
Stocks
19,050
29,069
Debtors
90,067
72,573
Cash at bank and in hand
361
-
109,478
101,642
Creditors: amounts falling due within one year
3
(70,670)
(118,376)
Net current assets/(liabilities)
38,808
(16,734)
Total assets less current liabilities
89,788
51,279
Creditors: amounts falling due after more than one year
4
(10,127)
(20,677)
Provisions for liabilities
(5,536)
(6,758)
74,125
23,844
Capital and reserves
Called up share capital
5
100
100
Profit and loss account
74,025
23,744
Shareholders' funds
74,125
23,844
ANETEC TOOLING & AUTOMATION LIMITED
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
31 JANUARY 2016
31 January 2016
- 2 -
For the financial year ended 31 January 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 17 March 2016
Mr N R Gray
Director
Company Registration No. 06325468
ANETEC TOOLING & AUTOMATION LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JANUARY 2016
- 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 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 - 20%
Fixtures, fittings & equipment - 20%
Motor vehicles - 20%
1.5
Leasing and hire purchase commitments
Assets obtained under hire purchase contracts and finance 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 a constant periodic rate of charge on the net obligation outstanding in each period.
1.6
Investments
Fixed asset investments are stated at cost less provision for diminution in value.
ANETEC TOOLING & AUTOMATION LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2016
- 4 -
2
Fixed assets
Tangible assets
Investments
Total
£
£
£
Cost
At 1 February 2015
74,670
30,000
104,670
Additions
720
-
720
Revaluation
-
(10,000)
(10,000)
At 31 January 2016
75,390
20,000
95,390
Depreciation
At 1 February 2015
36,657
-
36,657
Charge for the year
7,753
-
7,753
At 31 January 2016
44,410
-
44,410
Net book value
At 31 January 2016
30,980
20,000
50,980
At 31 January 2015
38,013
30,000
68,013
Holdings of more than 20%
The company holds more than 20% of the share capital of the following companies:
Company
Country of registration or
Shares held
incorporation
Class
%
Subsidiary undertakings
Anetec Precision Services Limited
UK
Ordinary
100.00
The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:
Capital and reserves
Profit/(loss) for the year
2016
2016
Principal activity
£
£
Anetec Precision Services Limited
Precision engineering
(288)
(388)
3
Creditors: amounts falling due within one year
The aggregate amount of creditors for which security has been given amounted to £10,749 (2015 - £10,749).
ANETEC TOOLING & AUTOMATION LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2016
- 5 -
4
Creditors: amounts falling due after more than one year
The aggregate amount of creditors for which security has been given amounted to £10,127 (2015 - £20,677).
5
Share capital
2016
2015
£
£
Allotted, called up and fully paid
100 Ordinary of £1 each
100
100
6
Related party relationships and transactions
The following loans existed to directors:
Description
% Rate
Opening Balance
Amounts Advanced
Interest Charged
Amounts Repaid
Closing Balance
£
£
£
£
£
Mr N R Gray
3.00
13,620
2,960
497
-
17,077
R Mandle
3.00
14,253
2,202
494
-
16,949
27,873
5,162
991
-
34,026
2016-01-31
2015-02-01
false
true
true
true
true
true
tmp9CA7.html
2016-05-18
06325468
2015-02-01
2016-01-31
06325468
2016-01-31
06325468
2015-01-31
06325468
2015-01-31
06325468
uk-bus:Director1
2015-02-01
2016-01-31
06325468
uk-gaap:Subsidiary1
2015-02-01
2016-01-31
06325468
uk-gaap:Subsidiary1
2016-01-31
06325468
uk-bus:OrdinaryShareClass1
2015-02-01
2016-01-31
06325468
uk-bus:OrdinaryShareClass1
2016-01-31
06325468
uk-bus:OrdinaryShareClass1
2015-01-31
xbrli:pure
xbrli:shares
iso4217:GBP