Abbreviated Company Accounts - APPLIED TORQUE SYSTEMS LIMITED

Abbreviated Company Accounts - APPLIED TORQUE SYSTEMS LIMITED

APPLIED TORQUE SYSTEMS LIMITED - Company Information

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Registered Number 04324571

APPLIED TORQUE SYSTEMS LIMITED

Abbreviated Accounts

31 March 2015

APPLIED TORQUE SYSTEMS LIMITED Registered Number 04324571

Abbreviated Balance Sheet as at 31 March 2015

Notes 2015 2014
£ £
Fixed assets
Intangible assets 2 52,912 52,912
Tangible assets 3 247,409 191,868
300,321 244,780
Current assets
Stocks 68,155 50,750
Debtors 256,424 196,453
Cash at bank and in hand 2,792 192
327,371 247,395
Creditors: amounts falling due within one year (480,318) (401,735)
Net current assets (liabilities) (152,947) (154,340)
Total assets less current liabilities 147,374 90,440
Provisions for liabilities (21,972) (21,972)
Total net assets (liabilities) 125,402 68,468
Capital and reserves
Called up share capital 8 8
Profit and loss account 125,394 68,460
Shareholders' funds 125,402 68,468
  • For the year ending 31 March 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 21 July 2015

And signed on their behalf by:
W Turner, Director

APPLIED TORQUE SYSTEMS LIMITED Registered Number 04324571

Notes to the Abbreviated Accounts for the period ended 31 March 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

2Intangible fixed assets
£
Cost
At 1 April 2014 52,912
Additions -
Disposals -
Revaluations -
Transfers -
At 31 March 2015 52,912
Amortisation
At 1 April 2014 -
Charge for the year -
On disposals -
At 31 March 2015 -
Net book values
At 31 March 2015 52,912
At 31 March 2014 52,912
3Tangible fixed assets
£
Cost
At 1 April 2014 321,530
Additions 83,024
Disposals -
Revaluations -
Transfers -
At 31 March 2015 404,554
Depreciation
At 1 April 2014 129,662
Charge for the year 27,483
On disposals -
At 31 March 2015 157,145
Net book values
At 31 March 2015 247,409
At 31 March 2014 191,868