Company Registration No. 06607960 (England and Wales)
ALPHA MACHINE TOOLS COMPANY LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2016
ALPHA MACHINE TOOLS COMPANY LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
ALPHA MACHINE TOOLS COMPANY LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 AUGUST 2016
31 August 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
2,370
3,161
Current assets
Stocks
285,000
289,000
Debtors
46,877
19,182
331,877
308,182
Creditors: amounts falling due within one year
3
(118,932)
(108,633)
Net current assets
212,945
199,549
Total assets less current liabilities
215,315
202,710
Creditors: amounts falling due after more than one year
(119,210)
(116,215)
96,105
86,495
Capital and reserves
Called up share capital
4
1,002
1,002
Profit and loss account
95,103
85,493
Shareholders' funds
96,105
86,495
For the financial year ended 31 August 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's 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 director acknowledges his 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 and authorised for issue on 23 May 2017
Mr A J Clarke
Director
Company Registration No. 06607960
ALPHA MACHINE TOOLS COMPANY LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 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
Turnover
Turnover represents amounts receivable for goods and services provided during the period net of VAT and trade discounts.
1.3
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
25% reducing balance
Fixtures, fittings & equipment
25% reducing balance
Motor vehicles
25% reducing balance
1.4
Leasing
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
1.5
Stock
Stock is valued at the lower of cost and net realisable value.
1.6
Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
2
Fixed assets
Tangible assets
£
Cost
At 1 September 2015 & at 31 August 2016
23,662
Depreciation
At 1 September 2015
20,502
Charge for the year
790
At 31 August 2016
21,292
Net book value
At 31 August 2016
2,370
At 31 August 2015
3,161
ALPHA MACHINE TOOLS COMPANY LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2016
- 3 -
3
Creditors: amounts falling due within one year
The aggregate amount of creditors for which security has been given amounted to £7,973 (2015 - £39,512).
4
Share capital
2016
2015
£
£
Allotted, called up and fully paid
1,002 Ordinary of £1 each
1,002
1,002