AYRTON_BESPOKE_LIMITED - Accounts

AYRTON BESPOKE LIMITED - Company Information

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Company Registration No. 02235366 (England and Wales)

AYRTON BESPOKE LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2015

AYRTON BESPOKE LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

AYRTON BESPOKE LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

89,459

50,707

Current assets

Debtors

827,065

389,050

Investments

100,000

Cash at bank and in hand

452,325

283,923

1,379,390

672,973

Creditors: amounts falling due within one year

(1,377,240)

(681,122)

Net current assets/(liabilities)

2,150

(8,149)

Total assets less current liabilities

91,609

42,558

Creditors: amounts falling due after more than one year

(23,702)

(10,896)

Provisions for liabilities

(17,892)

(9,393)

50,015

22,269

Capital and reserves

Called up share capital

110

100

Profit and loss account

49,905

22,169

Shareholder's funds

50,015

22,269

AYRTON BESPOKE LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 MARCH 2015

- 2 -

For the financial 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.

Director's responsibilities:

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 16 October 2015

Mr R J Ditcham

Director

Company Registration No. 02235366

AYRTON BESPOKE LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

- 3 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Advanced payments received during the year for services to be carried out in later financial years are not reflected in profit and loss account. The amounts have been deferred to the financial year in which the services have been carried out and reported as deferred income. Deferred income is included in creditors.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery

20% Reducing balance

Computer equipment

33% Reducing balance

Fixtures, fittings & equipment

25% Reducing balance

Motor vehicles

20% Reducing balance

1.5

Leasing and hire purchase commitments

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

1.6

Investments

Current asset investments are stated at the lower of cost and net realisable value.

1.7

Pensions

The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable.

1.8

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

AYRTON BESPOKE LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2015

Accounting policies

(Continued)

- 4 -

1.9

Foreign currency translation

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to the profit and loss account.

Fixed assets

Tangible assets

Cost

At 1 April 2014

92,016

Additions

62,930

At 31 March 2015

154,946

Depreciation

At 1 April 2014

41,309

Charge for the year

24,178

At 31 March 2015

65,487

Net book value

At 31 March 2015

89,459

At 31 March 2014

50,707

Share capital

2015

2014

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100

5 Ordinary A shares of £1 each

5 Ordinary B shares of £1 each

110

100

During the year 5 ordinary A shares and 5 ordinary B shares of £1 each were allotted and fully paid at par for cash consideration to provide additional working capital.

The shares rank pari passu in all respects.