Registration number:
Unaudited
Abbreviated Accounts
for the
Year Ended
A J Technology Ltd
Contents
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A J Technology Ltd
(Registration number: 06027746)
Abbreviated Balance Sheet at 31 March 2016
Note |
2016
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2015
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Fixed assets |
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Tangible fixed assets |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net current assets |
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Total assets less current liabilities |
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Provisions for liabilities |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Shareholders' funds |
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Approved by the director on
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1
A J Technology Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued
Accounting policies |
Basis of preparation
Going concern
The directors consider that the use of the going concern basis of accounting is appropriate because there are no material uncertainties relating to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.
Turnover
Goodwill
Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. it is reviewed for impairment at the end of its first financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Asset class |
Amortisation method and rate |
Goodwill |
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Depreciation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation , less any estimated residential value, over their expected useful economic life as follows:
Asset class |
Depreciation method and rate |
Office Equipment |
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Stock
Deferred tax
A J Technology Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued
Financial instruments
Fixed assets |
Intangible assets
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Tangible assets
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Total
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Cost |
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At 1 April 2015 |
8,595 |
127,563 |
136,158 |
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Additions |
- |
8,585 |
8,585 |
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Disposals |
- |
(50,503) |
(50,503) |
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At 31 March 2016 |
8,595 |
85,645 |
94,240 |
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Depreciation |
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At 1 April 2015 |
8,595 |
106,261 |
114,856 |
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Charge for the year |
- |
8,376 |
8,376 |
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Eliminated on disposals |
- |
(50,496) |
(50,496) |
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At 31 March 2016 |
8,595 |
64,141 |
72,736 |
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Net book value |
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At 31 March 2016 |
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At 31 March 2015 |
- |
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Share capital |
Allotted, called up and fully paid shares
2016 |
2015 |
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No. |
£ |
No. |
£ |
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