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Abbreviated Unaudited Accounts for the Year Ended 31 March 2015 |
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Argon Electronics (UK) Ltd |
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Abbreviated Unaudited Accounts for the Year Ended 31 March 2015 |
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for |
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Argon Electronics (UK) Ltd |
Argon Electronics (UK) Ltd (Registered number: 07170285) |
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Contents of the Abbreviated Accounts |
for the Year Ended 31 March 2015 |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 |
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Notes to the Abbreviated Accounts | 4 |
Argon Electronics (UK) Ltd |
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Company Information |
for the Year Ended 31 March 2015 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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Argon Electronics (UK) Ltd (Registered number: 07170285) |
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Abbreviated Balance Sheet |
31 March 2015 |
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31.3.15 | 31.3.14 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 2 |
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Tangible assets | 3 |
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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 |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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PROVISIONS FOR LIABILITIES |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 4 |
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Revaluation reserve |
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Profit and loss account |
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SHAREHOLDERS' FUNDS |
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The directors acknowledge their responsibilities for: |
(a) |
ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and |
(b) |
preparing financial statements which give a true and fair view of the state of affairs of the company as at the
end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
Argon Electronics (UK) Ltd (Registered number: 07170285) |
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Abbreviated Balance Sheet - continued |
31 March 2015 |
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The financial statements were approved by the Board of Directors on
by: |
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Argon Electronics (UK) Ltd (Registered number: 07170285) |
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Notes to the Abbreviated Accounts |
for the Year Ended 31 March 2015 |
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1. | ACCOUNTING POLICIES |
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Accounting convention |
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). |
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Turnover |
Turnover represents net invoiced sales of goods, excluding value added tax. |
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Goodwill |
Acquired goodwill is written off in equal annual instalments over its estimated economic life of 10 years. |
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Patents & licences |
Patents and licences are written off in equal annual instalments over its estimated economic life of 5 years. |
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Tangible fixed assets |
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Fixtures and fittings | - |
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Computer equipment | - |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and |
slow moving items. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
balance sheet date. |
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Research and development |
Expenditure on research and development is written off in the year in which it is incurred. |
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Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the |
balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange |
ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating |
result. |
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Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the |
period of the lease. |
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Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's |
pension scheme are charged to the profit and loss account in the period to which they relate. |
Argon Electronics (UK) Ltd (Registered number: 07170285) |
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Notes to the Abbreviated Accounts - continued |
for the Year Ended 31 March 2015 |
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2. | INTANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 April 2014 |
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Additions |
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Impairments | (1,260,000 | ) |
At 31 March 2015 |
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AMORTISATION |
At 1 April 2014 |
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Amortisation for year |
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At 31 March 2015 |
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NET BOOK VALUE |
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At 31 March 2015 |
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At 31 March 2014 |
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3. | TANGIBLE FIXED ASSETS |
Total |
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COST |
At 1 April 2014 |
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Additions |
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At 31 March 2015 |
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DEPRECIATION |
At 1 April 2014 |
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Charge for year |
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At 31 March 2015 |
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NET BOOK VALUE |
At 31 March 2015 |
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At 31 March 2014 |
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4. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.3.15 | 31.3.14 |
value: | £ | £ |
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Ordinary | £1 |
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5. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
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The long leasehold interest of the premises occupied by the company is owned jointly by Mr & Mrs Pike who |
have recieved £1,000 for rent during the year (2014: Nil as Mr & Mrs Pike waived the rent payable) |