Company Registration No. SC487606 (Scotland)
AIRDUCT MANUFACTURING LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2016
AIRDUCT MANUFACTURING LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
AIRDUCT MANUFACTURING LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 SEPTEMBER 2016
30 September 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
4,954
5,943
Current assets
Stocks
1,646
1,646
Debtors
89,370
40,620
Cash at bank and in hand
17
62
91,033
42,328
Creditors: amounts falling due within one year
(101,759)
(53,533)
Net current liabilities
(10,726)
(11,205)
Total assets less current liabilities
(5,772)
(5,262)
Capital and reserves
Called up share capital
3
1
1
Profit and loss account
(5,773)
(5,263)
Shareholders' funds
(5,772)
(5,262)
For the financial year ended 30 September 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 14 September 2017
Mr Garry Allan
Mr J Baxter
Director
Director
Company Registration No. SC487606
AIRDUCT MANUFACTURING LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 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
20% reducing balance basis
1.5
Stock
Stock is valued at the lower of cost and net realisable value.
2
Fixed assets
Tangible assets
£
Cost
At 1 October 2015 & at 30 September 2016
7,429
Depreciation
At 1 October 2015
1,486
Charge for the year
989
At 30 September 2016
2,475
Net book value
At 30 September 2016
4,954
At 30 September 2015
5,943
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
100 Ordinary of 1p each
1
1