ATS Ventures Limited,Ltd - Accounts

ATS Ventures Limited,Ltd - Accounts

ATS VENTURES LIMITED - Company Information

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2014-04-01 true false Private Limited Company 06136658 2015-03-31 06136658 2014-04-01 2015-03-31 06136658 2014-03-31 06136658 2013-04-01 2014-03-31 06136658 uk-bus:Director1 2014-04-01 2015-03-31 06136658 uk-gaap:PlantMachinery 2014-04-01 2015-03-31 06136658 uk-gaap:FixturesFittings 2014-04-01 2015-03-31 06136658 uk-gaap:WithinOneYear 2015-03-31 06136658 uk-gaap:WithinOneYear 2014-03-31 06136658 uk-gaap:AfterOneYear 2015-03-31 06136658 uk-gaap:AfterOneYear 2014-03-31 06136658 uk-bus:OrdinaryShareClass1 2015-03-31 iso4217:GBP
ATS Ventures Limited
For the year ended 31 March 2015
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 06136658
2
Contents Page
ATS Ventures Limited
For the year ended 31 March 2015
1
Accountants' Report
2
Balance Sheet
3 to 4
Notes to the Abbreviated Financial Statements
3
ATS Ventures Limited
Accountants' Report
For the year ended 31 March 2015
As described on the balance sheet you are responsible for the preparation of the financial statements for the year
ended 31 March 2015 and you consider that the company is exempt from an audit under the Companies Act 2006.
In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you
to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.
BMA Accountants Ltd
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4
Abbreviated Balance Sheet
ATS Ventures Limited
As at 31 March 2015
06136658
Registered Number :
£
£
2015
Notes
2014
Fixed assets
Tangible assets
2
639,730
616,727
639,730
616,727
Current assets
Stocks
5,000
4,000
Debtors
3
4,942
(100)
Cash at bank and in hand
11,774
100
15,674
10,042
Creditors: amounts falling due within one year
4
(430,364)
(366,469)
(420,322)
(350,795)
Net current liabilities
Total assets less current liabilities
288,935
196,405
Creditors: amounts falling due after more than one year
5
(365,732)
(426,545)
(137,610)
Net liabilities
(169,327)
Capital and reserves
Called up share capital
100
6
100
Profit and loss account
(137,710)
(169,427)
(137,610)
(169,327)
Shareholders funds
For the 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.
Directors responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
2) The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts
The accounts have been prepared in accordance with the micro-entity provisions. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Date approved by the board: 03 June 2015
A S Almeida Director
Signed on behalf of the board of directors
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5
Notes to the Abbreviated Financial Statements
ATS Ventures Limited
For the year ended 31 March 2015
1 Accounting Policies
Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery
25% Reducing balance
Fixtures and Fittings
25% Reducing balance
No depreciation is provided on the company's freehold properties since in the opinion of the directors the expected
useful lives are sufficiently long and the estimated residual values are sufficiently high that any such depreciation
would be immaterial. The directors undertake an annual impairment review of these properties.
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2 Tangible fixed assets
Tangible fixed
assets
Cost or valuation
£
651,971
At 01 April 2014
35,247
Additions
At 31 March 2015
687,218
Depreciation
35,244
At 01 April 2014
12,244
Charge for year
47,488
At 31 March 2015
Net book values
At 31 March 2015
639,730
616,727
At 31 March 2014
Debtors include an amount of £(100) (2014: £(100)) falling due after more than one year
3 Debtors:
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6
Notes to the Abbreviated Financial Statements
ATS Ventures Limited
For the year ended 31 March 2015
2015
4 Creditors: amounts falling due within one year
£
£
2014
-
96,314
Bank loans and overdrafts (secured)
2014
2015
5 Creditors due after more than one year
£
£
426,545
365,732
Bank loans and overdrafts (secured)
6 Share capital
Allotted called up and fully paid
2015
2014
£
£
100 Class E shares of £1.00 each
100
100
100
100
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