Advanced Automation Solutions Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 04315886 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2015

for

Advanced Automation Solutions Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Mr P J Mitchell

SECRETARY:

J G Mitchell

REGISTERED OFFICE:

5 High Street

Whaddon

Milton Keynes

MK17 0NA

REGISTERED NUMBER:

04315886 (England and Wales)

ACCOUNTANTS:

Sherwoods Ltd

Chartered Certified Accountants

2nd Floor

181 Queensway

Bletchley

Milton Keynes

MK2 2DZ

FIXED ASSETS

Tangible assets

2

259,087

2,713

CURRENT ASSETS

Debtors

24,566

1,377

Cash at bank

204,582

83,756

229,148

85,133

CREDITORS

Amounts falling due within one year

3

70,543

20,737

NET CURRENT ASSETS

158,605

64,396

TOTAL ASSETS LESS CURRENT LIABILITIES

417,692

67,109

CREDITORS

Amounts falling due after more than one year

3

(139,489

)

-

PROVISIONS FOR LIABILITIES

(665

)

(537

)

NET ASSETS

277,538

66,572

CAPITAL AND RESERVES

Called up share capital

4

10

10

Profit and loss account

277,528

66,562

SHAREHOLDERS' FUNDS

277,538

66,572

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 20 October 2015 and were signed by:

Mr P J Mitchell - 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 services, net of Value Added Tax.

Revenue is recognised at the point when the services are supplied.

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

10,747

Additions

258,337

Disposals

(2,674

)

At 31 March 2015

266,410

DEPRECIATION

At 1 April 2014

8,034

Charge for year

1,108

Eliminated on disposal

(1,819

)

At 31 March 2015

7,323

NET BOOK VALUE

At 31 March 2015

259,087

At 31 March 2014

2,713

3.

CREDITORS

Creditors include an amount of £ 146,911 for which security has been given.

They also include the following debts falling due in more than five years:

31.3.15

31.3.14

£

£

Repayable by instalments

109,802

-

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.15

31.3.14

value:

£

£

10

Ordinary

£1

10

10

5.	CONTROLLING INTEREST

The ultimate controlling party is Mr P J Mitchell, director of the company.