ASHMOAT LTD - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 05095713 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 May 2015

for

ASHMOAT LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mr N C Cook

Mr M J R Hicks

SECRETARY:

Mr M J R Hicks

REGISTERED OFFICE:

Barton Grange

Worlingworth

Woodbridge

Suffolk

IP13 7PE

REGISTERED NUMBER:

05095713 (England and Wales)

ACCOUNTANTS:

Turner & Ellerby

Chartered Certified Accountants

5 Church Street

Framlingham

Woodbridge

Suffolk

IP13 9BQ

FIXED ASSETS

Tangible assets

2

52

69

CURRENT ASSETS

Stocks

10,296

9,360

Debtors

4,549

3,916

Cash at bank

15,682

19,649

30,527

32,925

CREDITORS

Amounts falling due within one year

3,740

4,198

NET CURRENT ASSETS

26,787

28,727

TOTAL ASSETS LESS CURRENT LIABILITIES

26,839

28,796

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

26,837

28,794

SHAREHOLDERS' FUNDS

26,839

28,796

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 13 November 2015 and were signed on its behalf by:

Mr M J R Hicks - 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.

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

-

33% on cost and 25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

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 June 2014

and 31 May 2015

4,512

DEPRECIATION

At 1 June 2014

4,443

Charge for year

17

At 31 May 2015

4,460

NET BOOK VALUE

At 31 May 2015

52

At 31 May 2014

69

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

2

Ordinary

£1

2

2

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 May 2015 and

31 May 2014:

2015

2014

£

£

Mr M J R Hicks and Mr N C Cook

Balance outstanding at start of year

3,621

4,324

Amounts advanced

4,504

3,621

Amounts repaid

(3,621

)

(4,324

)

Balance outstanding at end of year

4,504

3,621