Company Registration No. 08536060 (England and Wales)
ADVANCED INFRASTRUCTURE LTD
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2016
ADVANCED INFRASTRUCTURE LTD
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
ADVANCED INFRASTRUCTURE LTD
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2016
31 March 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
397
966
Current assets
Debtors
20,343
47,321
Cash at bank and in hand
27,157
26,984
47,500
74,305
Creditors: amounts falling due within one year
(29,591)
(54,388)
Net current assets
17,909
19,917
Total assets less current liabilities
18,306
20,883
Capital and reserves
Called up share capital
3
200
200
Profit and loss account
18,106
20,683
Shareholders' funds
18,306
20,883
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 11 October 2016
Mr M Rose
Director
Company Registration No. 08536060
ADVANCED INFRASTRUCTURE LTD
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).
1.2
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
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
33% on cost
2
Fixed assets
Tangible assets
£
Cost
At 1 April 2015 & at 31 March 2016
1,708
Depreciation
At 1 April 2015
742
Charge for the year
569
At 31 March 2016
1,311
Net book value
At 31 March 2016
397
At 31 March 2015
966
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
200 Ordinary shares of £1 each
200
200
ADVANCED INFRASTRUCTURE LTD
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2016
- 3 -
4
Related party relationships and transactions
Directors loan account
The movement on the directors loan account during the year ended 31 March 2016 is as follows:
Description
% Rate
Opening Balance
Amounts Advanced
Interest Charged
Amounts Repaid
Closing Balance
£
£
£
£
£
M Rose
3.00
27,429
60,000
254
93,055
(5,372)
27,429
60,000
254
93,055
(5,372)
Interest has been charged on the loan at a rate of 3%.
There is no fixed repayment date for the loan.