Advanced CAD Technology Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 05971115 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2014

FOR

ADVANCED CAD TECHNOLOGY LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

A D Clarke

SECRETARY:

A D Clarke

REGISTERED OFFICE:

1 & 2 Mercia Village

Torwood Close

Westwood Business Park

Coventry

West Midlands

CV4 8HX

REGISTERED NUMBER:

05971115 (England and Wales)

ACCOUNTANTS:

Armstrongs

Chartered Accountants and Business Advisors

1&2 Mercia Village

Torwood Close

Westwood Business Park

Coventry

West Midlands

CV4 8HX

FIXED ASSETS

Tangible assets

2

3,025

990

CURRENT ASSETS

Debtors

126,738

40,203

Cash at bank

336,650

306,895

463,388

347,098

CREDITORS

Amounts falling due within one year

124,903

76,541

NET CURRENT ASSETS

338,485

270,557

TOTAL ASSETS LESS CURRENT LIABILITIES

341,510

271,547

PROVISIONS FOR LIABILITIES

229

-

NET ASSETS

341,281

271,547

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

341,279

271,545

SHAREHOLDERS' FUNDS

341,281

271,547

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 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 director on 1 September 2015 and were signed by:

A D Clarke - 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.

Fixtures and fittings

-

25% on reducing balance

Equipment

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Hire purchase and leasing commitments

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

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2014

18,463

Additions

3,000

At 31 December 2014

21,463

DEPRECIATION

At 1 January 2014

17,473

Charge for year

965

At 31 December 2014

18,438

NET BOOK VALUE

At 31 December 2014

3,025

At 31 December 2013

990

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

2

Ordinary

1

2

2

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The director has signified that his directors current account has always been kept in credit and he will not charge

any interest on the monies held in his directors current account.