Algek Flooring Limited - Period Ending 2015-03-31

Registration number: 05761826

Algek Flooring Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2015
 

ProEdge Accounting Limited
  8a New Road
  Mepal
  Ely
  Cambridgeshire
  CB6 2AP

Algek Flooring Limited
Contents

Abbreviated Balance Sheet 1 to 2

Notes to the Abbreviated Accounts 3 to 4

Algek Flooring Limited
(Registration number: 05761826)
Abbreviated Balance Sheet at 31 March 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets					-			9,438
Current assets
Stocks					-			25,150
Debtors					-			19,410
Cash at bank and in hand					16			-
					16			44,560
Creditors: Amounts falling due within one year					(2,642)			(182,420)
Net current liabilities					(2,626)			(137,860)
Total assets less current liabilities					(2,626)			(128,422)
Provisions for liabilities					(1,982)			(1,982)
Net liabilities					(4,608)			(130,404)
Capital and reserves
Called up share capital		3			200			200
Other reserves					85,649			-
Profit and loss account					(90,457)			(130,604)
Shareholders' deficit					(4,608)			(130,404)

For the year ending 31 March 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 11 December 2015 and signed on its behalf by:

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 1

Algek Flooring Limited
(Registration number: 05761826)
Abbreviated Balance Sheet at 31 March 2015
......... continued

.........................................
  Mr George Arthur King
  Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Algek Flooring Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Plant and machinery	25% Reducing balance
Motor vehicles	25% Reducing balance

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 3

Algek Flooring Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2015
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 April 2014		28,231			28,231
Disposals		(9,438)			(9,438)
At 31 March 2015		18,793			18,793
Depreciation
At 1 April 2014		18,793			18,793
At 31 March 2015		18,793			18,793
Net book value
At 31 March 2015		-			-
At 31 March 2014		9,438			9,438

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary of £1 each		200			200			200			200

Page 4