Abbreviated Company Accounts - THE AYRES DESIGN COMPANY LTD

Abbreviated Company Accounts - THE AYRES DESIGN COMPANY LTD

THE AYRES DESIGN COMPANY LTD - Company Information

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Registered Number 08371072

THE AYRES DESIGN COMPANY LTD

Abbreviated Accounts

31 January 2015

THE AYRES DESIGN COMPANY LTD Registered Number 08371072

Abbreviated Balance Sheet as at 31 January 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 6,953 316
6,953 316
Current assets
Debtors 43,284 19,316
Cash at bank and in hand 32,002 49,365
75,286 68,681
Creditors: amounts falling due within one year (28,752) (33,058)
Net current assets (liabilities) 46,534 35,623
Total assets less current liabilities 53,487 35,939
Provisions for liabilities (1,391) 0
Total net assets (liabilities) 52,096 35,939
Capital and reserves
Called up share capital 100 100
Profit and loss account 51,996 35,839
Shareholders' funds 52,096 35,939
  • For the year ending 31 January 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 29 October 2015

And signed on their behalf by:
David Ayres, Director
Ekaterini Iereidou Ayres, Director

THE AYRES DESIGN COMPANY LTD Registered Number 08371072

Notes to the Abbreviated Accounts for the period ended 31 January 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.

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

Tangible assets depreciation policy
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:
Computer equipment: 25% reducing balance
Fixtures, fittings & equipment: 25% reducing balance

2Tangible fixed assets
£
Cost
At 1 February 2014 421
Additions 8,954
Disposals -
Revaluations -
Transfers -
At 31 January 2015 9,375
Depreciation
At 1 February 2014 105
Charge for the year 2,317
On disposals -
At 31 January 2015 2,422
Net book values
At 31 January 2015 6,953
At 31 January 2014 316