Registered number: 03965454 | ||||||||
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FOR THE YEAR ENDED 30/04/2017 | ||||||||
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Prepared By: | ||||||||
Geoffrey Hannam | ||||||||
Chartered Accountant | ||||||||
103, Castle Street | ||||||||
Edgeley | ||||||||
Stockport | ||||||||
Cheshire | ||||||||
SK3 9AR |
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Atex Limited | ||||||||
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ACCOUNTS | ||||||||
FOR THE YEAR ENDED 30/04/2017 | ||||||||
DIRECTORS | ||||||||
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SECRETARY | ||||||||
Sharon Hulme | ||||||||
REGISTERED OFFICE | ||||||||
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Cheshire | ||||||||
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COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number 03965454 | ||||||||
ACCOUNTANTS | ||||||||
Geoffrey Hannam | ||||||||
Chartered Accountant | ||||||||
103, Castle Street | ||||||||
Edgeley | ||||||||
Stockport | ||||||||
Cheshire | ||||||||
SK3 9AR |
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Atex Limited | ||||||||
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ACCOUNTS | ||||||||
FOR THE YEAR ENDED 30/04/2017 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Directors' Report | - | |||||||
Accountants' Report | - | |||||||
Statement Of Comprehensive Income | - | |||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 5 | |||||||
The following do not form part of the statutory financial statements: | ||||||||
Trading And Profit And Loss Account | - | |||||||
Profit And Loss Account Summaries | - |
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Atex Limited | ||||||||
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BALANCE SHEET AT
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2017 | 2016 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 2 |
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CURRENT ASSETS | ||||||||||
Stock | 5,000 | 5,000 | ||||||||
Cash at bank and in hand |
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5,281 | 5,121 | |||||||||
CREDITORS: Amounts falling due within one year | 4 | 7,888 | 11,247 | |||||||
NET CURRENT LIABILITIES | (2,607) | (6,126) | ||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | (2,553) | (6,054) | ||||||||
PROVISIONS FOR LIABILITIES AND CHARGES | 6 | 11 | 14 | |||||||
NET LIABILITIES | (2,564) | (6,068) | ||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 7 | 2 | 2 | |||||||
Profit and loss account | (2,566) | (6,071) | ||||||||
SHAREHOLDERS' FUNDS |
(
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(6,069) | ||||||||
Difference on accounts | - | 1 | ||||||||
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Atex Limited | ||||||||
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BALANCE SHEET AT
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The directors have decided not to deliver to the registrar a copy of the company's profit and loss account. | ||||||||||
Approved by the board on
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............................. | ||||||||||
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Director | ||||||||||
............................. | ||||||||||
Sharon Hulme | ||||||||||
Director | ||||||||||
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Atex Limited | ||||||||
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NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 30/04/2017 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting | ||||||||
The financial statements have been prepared under the historical cost convention. These financial statements have been prepared in compliance with FRS 102 1a - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006. This is the first year in which the financial statements have been prepared under FRS 102 1a. All results relate to continuing operations. | ||||||||
The directors have considered forecasts drawn up by the company for a period of 12 months from the date of signing the accounts and have given further consideration to the period therafter. In the opinion of the director these forecasts are cautious and show satisfactorily that the company can continue to trade as a going concern throughtout the twelve month period and that the accounts are correctly drawn up on this basis. At 30th April 2017 the company had net liabilities of £2,564. Dividends were paid during the year in excess of distributable reserves contrary to s.830 of the Companies Act 2006. To the extent that the dividends are in excess of distributable reserves they are repayable by shareholders. |
1b. Depreciation | ||||||||
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Plant and Machinery | reducing balance 25% |
1c. Stocks | ||||||||
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs. | ||||||||
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs. |
1d. Leases | ||||||||
Assets held under finance leases and hire purchase contracts are capitalised in the balance sheet at their fair value and depreciated over their expected useful lives. The interest element of leasing payments represents a constant proportion of the capital balance outstanding and is charged to the profit and loss account over the period of the lease. All other leases are regarded as operating leases and the payments made under them are charged to the profit and loss account on a straight line basis over the lease term. |
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Atex Limited | ||||||||
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2. TANGIBLE FIXED ASSETS | ||||
Plant and | ||||
Machinery | Total | |||
£ | £ | |||
Cost | ||||
At 01/05/2016 | 515 | 515 | ||
At 30/04/2017 | 515 | 515 | ||
Depreciation | ||||
At 01/05/2016 | 443 | 443 | ||
For the year | 18 | 18 | ||
At 30/04/2017 | 461 | 461 | ||
Net Book Amounts | ||||
At 30/04/2017 |
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At 30/04/2016 |
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3. STOCK | 2017 | 2016 | ||||
£ | £ | |||||
Stock comprises: | ||||||
Stock |
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4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2017 | 2016 | |||||||
£ | £ | |||||||
UK corporation tax | 1,622 | 1,870 | ||||||
PAYE control | - | 398 | ||||||
Directors current account - Roger Hulme | 2,985 | 5,826 | ||||||
Directors current account - Sharon Hulme | 1,560 | 960 | ||||||
Trade creditors | - | 514 | ||||||
Accruals | 1,721 | 1,679 | ||||||
7,888 | 11,247 | |||||||
5. EMPLOYEES | ||||||
2017 | 2016 | |||||
No. | No. | |||||
Average number of employees | 3 | 3 | ||||
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Atex Limited | ||||||||
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6. PROVISIONS FOR LIABILITIES | 2017 | 2016 | ||||||
£ | £ | |||||||
Deferred taxation | 11 | 14 | ||||||
11 | 14 | |||||||
7. SHARE CAPITAL | 2017 | 2016 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
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2 | 2 | ||||||
2 | 2 | |||||||