ARO Dynamics Ltd
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Registered number: |
08136300
|
Abbreviated Balance Sheet |
as at 31 July 2016
|
|
Notes |
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|
2016 |
|
|
2015 |
£ |
£ |
Fixed assets |
Tangible assets |
2 |
|
|
422 |
|
|
562 |
|
Current assets |
Debtors |
|
|
- |
|
|
260 |
Cash at bank and in hand |
|
|
729 |
|
|
1,018 |
|
|
|
729 |
|
|
1,278 |
|
Creditors: amounts falling due within one year |
|
|
(1,821) |
|
|
(1,771) |
|
Net current liabilities |
|
|
|
(1,092) |
|
|
(493) |
|
Net (liabilities)/assets |
|
|
|
(670) |
|
|
69 |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
3 |
|
|
100 |
|
|
100 |
Profit and loss account |
|
|
|
(770) |
|
|
(31) |
|
Shareholders' funds |
|
|
|
(670) |
|
|
69 |
|
|
|
|
|
|
|
|
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
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Members have not required the company to obtain an audit in accordance with section 476 of the Act.
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The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
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The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
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|
|
|
Alan Rosser |
Director |
Approved by the board on 12 October 2016
|
|
ARO Dynamics Ltd
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Notes to the Abbreviated Accounts |
for the year ended 31 July 2016
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|
1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective 1 January 2015).
|
|
|
Going concern |
|
The company had retained losses as at the balance sheet date which were not covered by the share capital of the company. The company will be able to trade in future as the director of the ompany is funding the company in the form of a director’s loan. The director is planning to continue this financial support for the company for the foreseeable future. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Plant and machinery |
25% reducing balance
|
|
|
Deferred taxation |
|
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse. |
|
|
2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 August 2015 |
1,334 |
|
At 31 July 2016 |
1,334 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 August 2015 |
772 |
|
Charge for the year |
140 |
|
At 31 July 2016 |
912 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 July 2016 |
422 |
|
At 31 July 2015 |
562 |
|
|
|
|
|
|
|
|
3 |
Share capital |
Nominal |
|
2016 |
|
2016 |
|
2015 |
value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares
|
£1 each |
|
100 |
|
100 |
|
100 |
|
|
|
|
|
|
|
|
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