REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ABBREVIATED UNAUDITED ACCOUNTS |
|
FOR THE YEAR ENDED 31 MARCH 2016 |
|
FOR |
|
ARDLUCE LIMITED |
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ABBREVIATED UNAUDITED ACCOUNTS |
|
FOR THE YEAR ENDED 31 MARCH 2016 |
|
FOR |
|
ARDLUCE LIMITED |
ARDLUCE LIMITED (REGISTERED NUMBER: NI606255) |
|
CONTENTS OF THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31 MARCH 2016 |
|
|
|
|
|
|
|
|
|
|
Page |
|
Company Information | 1 |
|
Abbreviated Balance Sheet | 2 | to | 3 |
|
Notes to the Abbreviated Accounts | 4 | to | 5 |
|
Accountants' Report | 6 |
ARDLUCE LIMITED |
|
COMPANY INFORMATION |
FOR THE YEAR ENDED 31 MARCH 2016 |
|
|
|
|
|
|
|
DIRECTORS: |
|
|
|
|
|
SECRETARY: |
|
|
|
|
REGISTERED OFFICE: |
|
|
|
|
|
|
|
REGISTERED NUMBER: |
|
|
|
|
ACCOUNTANTS: |
|
17 Clarendon Road |
Clarendon Dock |
Belfast |
Co. Antrim |
BT1 3BG |
|
|
|
BANKERS: |
|
91-93 University Road |
Belfast |
BT7 1NG |
ARDLUCE LIMITED (REGISTERED NUMBER: NI606255) |
|
ABBREVIATED BALANCE SHEET |
31 MARCH 2016 |
|
31.3.16 | 31.3.15 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 2 |
|
|
Tangible assets | 3 |
|
|
|
|
|
CURRENT ASSETS |
Stocks |
|
|
Debtors |
|
|
|
|
CREDITORS |
Amounts falling due within one year |
|
|
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT
LIABILITIES |
|
( |
) |
|
CREDITORS |
Amounts falling due after more than one
year |
|
|
NET LIABILITIES | ( |
) | ( |
) |
|
CAPITAL AND RESERVES |
Called up share capital | 4 |
|
|
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
|
|
|
|
|
The directors acknowledge their responsibilities for: |
(a) |
ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and |
(b) |
preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
ARDLUCE LIMITED (REGISTERED NUMBER: NI606255) |
|
ABBREVIATED BALANCE SHEET - continued |
31 MARCH 2016 |
|
|
|
|
|
The financial statements were authorised for issue by the Board of Directors on
its behalf by: |
|
|
|
|
|
|
|
ARDLUCE LIMITED (REGISTERED NUMBER: NI606255) |
|
NOTES TO THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31 MARCH 2016 |
|
|
1. | ACCOUNTING POLICIES |
|
Basis of preparing the financial statements |
|
|
Financial reporting standard 102 - reduced disclosure exemptions |
The company has taken advantage of the following disclosure exemptions in preparing these financial |
statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of |
Ireland": |
|
• | the requirements of Section 7 Statement of Cash Flows; |
• | the requirements of Section 11 Financial Instruments paragraphs 11.39 to 11.48A; |
• | the requirement of Section 33 Related Party Disclosures paragraph 33.7. |
|
Significant judgements and estimates |
In preparing these financial statements the directors have made the following judgements in: |
|
The carrying value of stock - stock represents goods for resale and is valued at the lower of cost and net |
realisable value. Net realisable value is true estimated selling price in the ordinary course of business, less the |
estimated cost necessary to make the sale. Provisions are made for obsolete and slow moving stock based on |
current and historical trading experience. |
|
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
value added tax and other sales taxes. |
|
Goodwill |
Goodwill, being the amount paid in connection with the acquisition of intellectual property in 2011, is being |
amortised evenly over its estimated useful life of ten years. |
|
Tangible fixed assets |
|
Computer equipment | - |
|
|
Stocks |
Work in progress is valued at the lower of cost and net realisable value. |
|
Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads. |
|
Deferred tax |
Deferred tax is provided on the liability method to take account of timing differences between the treatment of |
certain items for accounts purposes and their treatment for tax purposes. Tax deferred or accelerated is |
accounted for in respect of all material timing differences. Deferred tax assets are recognised only to the extent |
they are regarded as recoverable. |
ARDLUCE LIMITED (REGISTERED NUMBER: NI606255) |
|
NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 31 MARCH 2016 |
|
|
2. | INTANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 April 2015 |
and 31 March 2016 |
|
AMORTISATION |
At 1 April 2015 |
|
Amortisation for year |
|
At 31 March 2016 |
|
NET BOOK VALUE |
|
At 31 March 2016 |
|
At 31 March 2015 |
|
|
3. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 April 2015 |
|
Additions |
|
At 31 March 2016 |
|
DEPRECIATION |
At 1 April 2015 |
|
Charge for year |
|
At 31 March 2016 |
|
NET BOOK VALUE |
At 31 March 2016 |
|
At 31 March 2015 |
|
|
4. | CALLED UP SHARE CAPITAL |
|
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.3.16 | 31.3.15 |
value: | £ | £ |
|
Ordinary | £1 | 1 | 1 |
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS |
ON THE UNAUDITED FINANCIAL STATEMENTS OF |
ARDLUCE LIMITED |
|
|
The following reproduces the text of the report prepared for the directors in respect of the company's annual |
unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to five) |
have been prepared. |
|
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the |
financial statements of Ardluce Limited for the year ended 31 March 2016 which comprise the Income Statement, Other |
Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes from the company's |
accounting records and from information and explanations you have given us. |
|
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook. |
|
This report is made solely to the Board of Directors of Ardluce Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Ardluce Limited and state those matters that we have agreed to state to the Board of Directors of Ardluce Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report. |
|
It is your duty to ensure that Ardluce Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Ardluce Limited. You consider that Ardluce Limited is exempt from the statutory audit requirement for the year. |
|
We have not been instructed to carry out an audit or a review of the financial statements of Ardluce Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
|
|
|
|
|
|
|
17 Clarendon Road |
Clarendon Dock |
Belfast |
Co. Antrim |
BT1 3BG |
|
|
Date: ............................................. |