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Abbreviated Unaudited Accounts for the Year Ended 31 December 2015 |
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Advanced Technical Solutions Limited |
REGISTERED NUMBER:
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Abbreviated Unaudited Accounts for the Year Ended 31 December 2015 |
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Advanced Technical Solutions Limited |
Advanced Technical Solutions Limited (Registered number: SC269944) |
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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 | 3 |
Advanced Technical Solutions Limited (Registered number: SC269944) |
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Abbreviated Balance Sheet |
31 December 2015 |
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31.12.15 | 31.12.14 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
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CURRENT ASSETS |
Stocks |
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Debtors |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 3 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
3 |
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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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Profit and loss account |
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SHAREHOLDERS' FUNDS |
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Advanced Technical Solutions Limited (Registered number: SC269944) |
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Abbreviated Balance Sheet - continued |
31 December 2015 |
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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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Advanced Technical Solutions Limited (Registered number: SC269944) |
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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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The company was dormant throughout the year ended 31 December 2015. However, reference to information |
relating to the year ended 31 December 2014 has been made where appropriate. |
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Exemption from preparing a cash flow statement |
Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a |
small company. |
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Turnover |
Turnover represents net invoiced sales of goods and services in respect of remanufacture and repair of products |
utilising advanced polymers, excluding value added tax. Sales are recognised at the point at which the goods are |
delivered or the service is complete. |
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Tangible fixed assets and depreciation |
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Plant and machinery | - |
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Motor vehicles | - |
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Office equipment | - |
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Tangible fixed assets are stated at cost less depreciation. Cost represent purchase price together with any |
incidental costs of acquisition. |
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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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Work in progress |
Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of |
activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the |
valuation of work in progress. |
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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, where transactions or events that result in an obligation to pay more or a right to pay less tax in the |
future have occurred by the balance sheet date with certain limited exceptions. |
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Deferred tax is calculated on an undiscounted basis at the tax rates that are expected to apply in the periods in |
which the timing differences are expected to reverse, based on tax rates and laws enacted or substantively |
enacted at the balance sheet date. |
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Hire purchase agreement |
Assets held under hire purchase agreements aer capitalised and disclosed under tangible fixed assets at the fair |
value. The capital element of the future payments is treated as a liability and the interest is charges to the profit |
and loss account on a straight line basis. |
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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. |
Advanced Technical Solutions Limited (Registered number: SC269944) |
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Notes to the Abbreviated Accounts - continued |
for the Year Ended 31 December 2015 |
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2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 January 2015 |
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Disposals | ( |
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At 31 December 2015 |
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DEPRECIATION |
At 1 January 2015 |
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Eliminated on disposal | ( |
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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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3. | CREDITORS |
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Creditors include an amount of £
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4. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.12.15 | 31.12.14 |
value: | £ | £ |
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Ordinary | £1 |
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