Ardaunt Resources Limited - Limited company - abbreviated - 11.6

ARDAUNT RESOURCES LIMITED

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2015

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

P D Stratton

REGISTERED OFFICE:

34 Boulevard

Weston-super-Mare

Somerset

BS23 1NF

REGISTERED NUMBER:

03139749 (England and Wales)

ACCOUNTANTS:

four fifty partnership

Chartered Accountants

34 Boulevard

Weston-super-Mare

Somerset

BS23 1NF

FIXED ASSETS

Tangible assets

2

6,507

8,833

CURRENT ASSETS

Debtors

79,305

69,674

Cash at bank

1

1

79,306

69,675

CREDITORS

Amounts falling due within one year

3

77,740

65,829

NET CURRENT ASSETS

1,566

3,846

TOTAL ASSETS LESS CURRENT LIABILITIES

8,073

12,679

CREDITORS

Amounts falling due after more than one year

3

(5,533

)

(10,060

)

PROVISIONS FOR LIABILITIES

(1,301

)

(1,468

)

NET ASSETS

1,239

1,151

CAPITAL AND RESERVES

Called up share capital

4

1,000

1,000

Profit and loss account

239

151

SHAREHOLDERS' FUNDS

1,239

1,151

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 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 24 September 2015 and were signed by:

P D Stratton - 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, except in respect of

service contracts where turnover is recognised when the company obtains the right to

consideration.

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.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost and 25% on reducing balance

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

and 31 March 2015

19,281

DEPRECIATION

At 1 April 2014

10,448

Charge for year

2,326

At 31 March 2015

12,774

NET BOOK VALUE

At 31 March 2015

6,507

At 31 March 2014

8,833

3.

CREDITORS

Creditors include an amount of £ 10,059 (2014 - £ 14,456 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

1,000

Ordinary

£1

1,000

1,000

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2015

and 31 March 2014:

2015

2014

£

£

P D Stratton

Balance outstanding at start of year

34,662

31,309

Amounts advanced

71,439

74,012

Amounts repaid

(56,196

)

(70,659

)

Balance outstanding at end of year

49,905

34,662

The loan to the director has had beneficial loan interest charged at the approved HM Revenue &

Customs rate. S455 tax has been provided for on the balance outstanding at the year end.