Abbreviated Company Accounts - AMBIX NDT LTD

Abbreviated Company Accounts - AMBIX NDT LTD

AMX (UNIVERSAL) LTD - Company Information

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Registered Number 07593552

AMBIX NDT LTD

Abbreviated Accounts

30 October 2014

AMBIX NDT LTD Registered Number 07593552

Abbreviated Balance Sheet as at 30 October 2014

Notes 30/10/2014 30/04/2013
£ £
Fixed assets
Tangible assets 2 1,183 2,612
1,183 2,612
Current assets
Stocks 2,500 -
Debtors 1,240 -
Cash at bank and in hand 4,796 4,473
8,536 4,473
Creditors: amounts falling due within one year (9,585) (5,398)
Net current assets (liabilities) (1,049) (925)
Total assets less current liabilities 134 1,687
Total net assets (liabilities) 134 1,687
Capital and reserves
Called up share capital 2 2
Profit and loss account 132 1,685
Shareholders' funds 134 1,687
  • For the year ending 30 October 2014 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 4 November 2015

And signed on their behalf by:
James Rand, Director

AMBIX NDT LTD Registered Number 07593552

Notes to the Abbreviated Accounts for the period ended 30 October 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.

Basis of preparation:

The financial statements have been prepared in accordance with applicable accounting standards and under the historical cost accounting rules.

Cash flow statement:

The company is exempt from the requirement of Financial Reporting Standard No1 to prepare a cash flow statement as it is entitled to the filing exemptions as a small company.

Turnover policy
Turnover represents the amounts derived from the provision of goods and services (net of vat) to customers during the period.

Turnover and operating profit

Turnover and operating profit on ordinary activities is attributable to the company's principal activity.

Tangible assets depreciation policy
Depreciation is provided on tangible assets on the cost of the asset less estimated residual value over the expected useful life as follows :

Equipment 25% Straightline Method

2Tangible fixed assets
£
Cost
At 1 May 2013 4,482
Additions 401
Disposals -
Revaluations -
Transfers -
At 30 October 2014 4,883
Depreciation
At 1 May 2013 1,870
Charge for the year 1,830
On disposals -
At 30 October 2014 3,700
Net book values
At 30 October 2014 1,183
At 30 April 2013 2,612