Company Registration No. 03563943 (England and Wales)
ROLSTON AUTOTECHNIC COMPOSITES LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2016
ROLSTON AUTOTECHNIC COMPOSITES LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
ROLSTON AUTOTECHNIC COMPOSITES LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 SEPTEMBER 2016
30 September 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
43,333
48,976
Current assets
Stocks
1,200
1,200
Debtors
2,704
3,244
Cash at bank and in hand
9
2,143
3,913
6,587
Creditors: amounts falling due within one year
(342,341)
(335,226)
Net current liabilities
(338,428)
(328,639)
Total assets less current liabilities
(295,095)
(279,663)
Provisions for liabilities
(8,666)
(9,795)
(303,761)
(289,458)
Capital and reserves
Called up share capital
3
2
2
Profit and loss account
(303,763)
(289,460)
Shareholders' funds
(303,761)
(289,458)
For the financial year ended 30 September 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 17 August 2017
Mr D Kirby
Director
Company Registration No. 03563943
ROLSTON AUTOTECHNIC COMPOSITES LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 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 net invoiced sales of goods and or services (excluding VAT).
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
5% - 10% Straight Line
1.4
Stock
Stock is valued at the lower of cost and net realisable value.
2
Fixed assets
Tangible assets
£
Cost
At 1 October 2015 & at 30 September 2016
84,762
Depreciation
At 1 October 2015
35,786
Charge for the year
5,643
At 30 September 2016
41,429
Net book value
At 30 September 2016
43,333
At 30 September 2015
48,976
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
2 Ordinary shares of £1 each
2
2