REGISTERED NUMBER:
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A. & R. Electronic Developments Limited |
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Abbreviated Unaudited Accounts |
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for the Year Ended 31 December 2015 |
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REGISTERED NUMBER:
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A. & R. Electronic Developments Limited |
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Abbreviated Unaudited Accounts |
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for the Year Ended 31 December 2015 |
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A. & R. Electronic Developments Limited (Registered number: 02671135) |
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Contents of the Abbreviated Accounts |
for the Year Ended 31 December 2015 |
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Page |
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Abbreviated Balance Sheet | 1 |
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Notes to the Abbreviated Accounts | 2 |
A. & R. Electronic Developments Limited (Registered number: 02671135) |
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Abbreviated Balance Sheet |
31 December 2015 |
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2015 | 2014 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
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Investment property | 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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Capital redemption 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. |
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The financial statements were approved by the Board of Directors on
by: |
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A. & R. Electronic Developments Limited (Registered number: 02671135) |
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Notes to the Abbreviated Accounts |
for the Year Ended 31 December 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 January 2015). |
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Turnover |
Turnover represents net invoiced sales of goods, excluding value added tax. |
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In the year to 31 December 2015 2% (2014 - 1%) of the company's turnover was to markets |
outside the United Kingdom. |
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Tangible fixed assets |
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Plant and machinery | 20% reducing balance |
Fixtures, fittings and equipment | 20% reducing balance |
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Investment properties are included in the balance sheet at their open market value. Depreciation is provided only |
on those investment properties which are leasehold and where the unexpired lease term is less than 20 years. |
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Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities |
(effective January 2015), it is a departure from the general requirement of the Companies Act 2006 for all |
tangible assets to be depreciated. In the opinion of the directors compliance with the standard is necessary for |
the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors |
reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be |
separately identified or quantified. |
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Investment property |
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in |
market value is transferred to a revaluation reserve. |
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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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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. |
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2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 January 2015 |
and 31 December 2015 |
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DEPRECIATION |
At 1 January 2015 |
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Charge for year |
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At 31 December 2015 |
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NET BOOK VALUE |
At 31 December 2015 |
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At 31 December 2014 |
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A. & R. Electronic Developments Limited (Registered number: 02671135) |
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Notes to the Abbreviated Accounts - continued |
for the Year Ended 31 December 2015 |
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3. | INVESTMENT PROPERTY |
Total |
£ |
COST |
At 1 January 2015 |
and 31 December 2015 |
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NET BOOK VALUE |
At 31 December 2015 |
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At 31 December 2014 |
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4. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2015 | 2014 |
value: | £ | £ |
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Ordinary | £1 |
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