ANT Solutions Ltd - Limited company accounts 11.7

REGISTERED NUMBER: 07571373 (England and Wales)

REPORT OF THE DIRECTOR AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2014

FOR

ANT SOLUTIONS LTD

Page

Company Information

1

Report of the Director

2

Profit and Loss Account

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTOR:

M J Johns

SECRETARY:

REGISTERED OFFICE:

Sundown

2 Chapel Hill

Lacock

Chippenham

Wiltshire

SN15 2LA

REGISTERED NUMBER:

07571373 (England and Wales)

ACCOUNTANTS:

John Davis & Co Accountants Ltd

48 The Causeway

Chippenham

Wiltshire

SN15 3DD

The director presents his report with the financial statements of the company for the year ended 31 March 2014.

DIRECTOR

M J Johns held office during the whole of the period from 1 April 2013 to the date of this report.

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating

to small companies.

ON BEHALF OF THE BOARD:

M J Johns - Director

8 May 2015

TURNOVER

56,476

83,416

Cost of sales

33,360

34,258

GROSS PROFIT

23,116

49,158

Administrative expenses

45,213

33,128

OPERATING (LOSS)/PROFIT

2

(22,097

)

16,030

Interest payable and similar charges

-

50

(LOSS)/PROFIT ON ORDINARY
ACTIVITIES BEFORE TAXATION

(22,097

)

15,980

Tax on (loss)/profit on ordinary activities

3

-

3,168

(LOSS)/PROFIT FOR THE FINANCIAL
YEAR

(22,097

)

12,812

FIXED ASSETS

Tangible assets

5

106

142

CURRENT ASSETS

Debtors

6

2,492

7,881

Cash at bank and in hand

650

2,895

3,142

10,776

CREDITORS

Amounts falling due within one year

7

24,528

10,101

NET CURRENT (LIABILITIES)/ASSETS

(21,386

)

675

TOTAL ASSETS LESS CURRENT
LIABILITIES

(21,280

)

817

CAPITAL AND RESERVES

Called up share capital

8

10

Profit and loss account

9

(21,290

)

807

SHAREHOLDERS' FUNDS

(21,280

)

817

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 director acknowledges his 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 financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies and with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The financial statements were approved by the director on 8 May 2015 and were signed by:

M J Johns - 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 goods, 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.

Deferred tax

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

sheet date.

2.	OPERATING (LOSS)/PROFIT

The operating loss (2013 - operating profit) is stated after charging:

2014

2013

£

Depreciation - owned assets

36

35

Director's remuneration and other benefits etc

12,000

7,560

3.

TAXATION

Analysis of the tax charge

The tax charge on the loss on ordinary activities for the year was as follows:

2014

2013

£

Current tax:

UK corporation tax

-

3,168

Tax on (loss)/profit on ordinary activities

-

3,168

4.

DIVIDENDS

2014

2013

£

Ordinary shares of £1 each

Final

-

16,000

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2013

and 31 March 2014

177

DEPRECIATION

At 1 April 2013

35

Charge for year

36

At 31 March 2014

71

NET BOOK VALUE

At 31 March 2014

106

At 31 March 2013

142

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2014

2013

£

Trade debtors

2,492

2,252

Other debtors

-

5,629

2,492

7,881

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2014

2013

£

Bank loans and overdrafts

20

-

Taxation and social security

11,841

8,601

Other creditors

12,667

1,500

24,528

10,101

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

10

Ordinary

£1

10

9.

RESERVES

Profit

and loss

account

£

At 1 April 2013

807

Deficit for the year

(22,097

)

At 31 March 2014

(21,290

)