Company Registration No. 02727243 (England and Wales)
CAME AUTOMATION LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2016
CAME AUTOMATION LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
CAME AUTOMATION LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2016
31 March 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
1,144
3,728
Current assets
Debtors
34,680
101,586
Cash at bank and in hand
-
406
34,680
101,992
Creditors: amounts falling due within one year
(38,278)
(111,026)
Net current liabilities
(3,598)
(9,034)
Total assets less current liabilities
(2,454)
(5,306)
Capital and reserves
Called up share capital
3
101
101
Profit and loss account
(2,555)
(5,407)
Shareholders' funds
(2,454)
(5,306)
For the financial year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' 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 directors acknowledge their 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 for issue on 8 November 2016
Mr Justin Earl
Director
Company Registration No. 02727243
CAME AUTOMATION LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 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).
During the financial year the company received funding from its holding company, Portico Security Group Limited. The company is reliant upon the continued financial support of its holding company and other related entities and the director has confirmed that this support will continue for the foreseeable future.
For these reasons, the director considers it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments that would result from a withdrawal of the financial support provided by the holding company.
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
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:
Land and buildings Leasehold
over five years
Plant and machinery
25% on a reducing balance basis
1.5
Foreign currency translation
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.
CAME AUTOMATION LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2016
- 3 -
2
Fixed assets
Tangible assets
£
Cost
At 1 April 2015 & at 31 March 2016
23,469
Depreciation
At 1 April 2015
19,741
Charge for the year
2,584
At 31 March 2016
22,325
Net book value
At 31 March 2016
1,144
At 31 March 2015
3,728
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
101 Ordinary shares of £1 each
101
101