Automation Experts Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 04211196 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2014

FOR

AUTOMATION EXPERTS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Ms S J Hill

Ms J Hill

SECRETARY:

Ms S J Hill

REGISTERED OFFICE:

Eliot Park Innovation Centre

4 Barling Way

Nuneaton

Warwickshire

CV10 7RH

REGISTERED NUMBER:

04211196 (England and Wales)

ACCOUNTANTS:

Chapman Nash Accountancy Limited

4, The Barford Exchange

Wellesbourne Road

Barford

Warwick

Warwickshire

CV35 8AQ

FIXED ASSETS

Tangible assets

2

31,074

54,746

CURRENT ASSETS

Debtors

215,019

268,710

Cash at bank and in hand

117,427

51,707

332,446

320,417

CREDITORS

Amounts falling due within one year

3

(103,849

)

(102,615

)

NET CURRENT ASSETS

228,597

217,802

TOTAL ASSETS LESS CURRENT LIABILITIES

259,671

272,548

CREDITORS

Amounts falling due after more than one year

3

-

(24,433

)

PROVISIONS FOR LIABILITIES

(709

)

(1,941

)

NET ASSETS

258,962

246,174

CAPITAL AND RESERVES

Called up share capital

4

10

10

Profit and loss account

258,952

246,164

SHAREHOLDERS' FUNDS

258,962

246,174

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 in accordance with Section 476 of the Companies Act 2006.

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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 29 July 2014 and were signed on its behalf by:

Ms S J Hill - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Office equipment

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

20% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those

held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance

leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

94,835

Additions

1,145

Disposals

(29,850

)

At 31 March 2014

66,130

DEPRECIATION

At 1 April 2013

40,089

Charge for year

9,507

Eliminated on disposal

(14,540

)

At 31 March 2014

35,056

NET BOOK VALUE

At 31 March 2014

31,074

At 31 March 2013

54,746

3.

CREDITORS

Creditors include an amount of £ 13,494 (31.3.13 - £ 34,296 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.14

31.3.13

value:

£

£

9

Ordinary

£1

9

9

1

Class "B"

£1

1

1

10

10

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2014 and

31 March 2013:

31.3.14

31.3.13

£

£

Ms S J Hill

Balance outstanding at start of year

58,885

22,345

Amounts advanced

30,509

58,885

Amounts repaid

(58,885

)

(22,345

)

Balance outstanding at end of year

30,509

58,885

The loan will be repaid in August 2013.