AFS Image Setters Limited
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For the year ended 31 January 2016
Unaudited Abbreviated Report and Financial Statements
Scotland
Registered Number: SC142021
AFS Image Setters Limited
For the year ended 31 January 2016
1
Balance Sheet
2 to 3
Notes to the Abbreviated Financial Statements
Abbreviated Balance Sheet
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AFS Image Setters Limited
2016
2015
2
1,143
1,146
1,143
1,146
60
60
29
-
28,690
17,845
28,750
17,934
Creditors
:
amounts falling due within one year
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(16,772)
(29,603)
1,162
(853)
Net current liabilities
Total assets less current liabilities
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290
2,308
290
Net assets
2,308
2
2
288
2,306
290
2,308
Shareholders funds
For the year ended 31 January 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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Director responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
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2) The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts
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These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Date approved by the board: 20 June 2016
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Signed on behalf of the board of directors
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1 of 3
Notes to the Abbreviated Financial Statements
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AFS Image Setters Limited
For the year ended 31 January 2016
The financial statements are 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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Proposed dividends are only included as liabilities in the financial statements when their payment has been approved by the shareholders
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prior to the balance sheet date
.
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Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
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Plant and Machinery
Computer Equipment
Fixtures and Fittings
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
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56,086
520
(52,799)
3,807
54,940
(52,799)
523
Charge for year
2,664
1,143
1,146
2 of 3
Notes to the Abbreviated Financial Statements
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AFS Image Setters Limited
For the year ended 31 January 2016
3 of 3