Company Registration No. 07179916 (England and Wales)
ALAN'S NETWORK SERVICES LTD
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2015
ALAN'S NETWORK SERVICES LTD
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
ALAN'S NETWORK SERVICES LTD
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2015
31 March 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
472
746
Current assets
Debtors
8,073
8,997
Cash at bank and in hand
53,909
49,723
61,982
58,720
Creditors: amounts falling due within one year
(17,160)
(19,626)
Net current assets
44,822
39,094
Total assets less current liabilities
45,294
39,840
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
45,194
39,740
Shareholders' funds
45,294
39,840
For the financial year ended 31 March 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's 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 director acknowledges his 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 23 December 2015
Mr A Nottingham
Director
Company Registration No. 07179916
ALAN'S NETWORK SERVICES LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2015
- 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 April 2008).
The financial statements have been prepared on a going concern basis as, after making appropriate enquiries, the
d
irector has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future at the time of approving the financial statements.
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. Turnover is recognised once the company obtains the right to consideration in exchange for its performance.
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:
Plant and machinery
33.3% straight line
2
Fixed assets
Tangible assets
£
Cost
At 1 April 2014 & at 31 March 2015
3,177
Depreciation
At 1 April 2014
2,431
Charge for the year
274
At 31 March 2015
2,705
Net book value
At 31 March 2015
472
At 31 March 2014
746
ALAN'S NETWORK SERVICES LTD
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2015
- 3 -
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
100 ordinary shares of £1 each
100
100
4
Related party relationships and transactions
At the financial year end, Mr A Nottingham
, the sole director and shareholder,
was owed £1,706 by the company
(201
4
-
Mr A Nottingham owed the company £1,556
) in respect of his director
'
s loan account.
The maximum amount owed by Mr A Nottingham to the company during the year was £8,415. This loan is interest free and has no fixed date for repayment.