Asset Recovery & Insolvency Ltd - Limited company - abbreviated - 11.9

Asset Recovery & Insolvency Ltd - Limited company - abbreviated - 11.9

ASSET RECOVERY & INSOLVENCY LTD - Company Information

Print Friendly Version

08959246 26.3.14 31.3.15 31.3.15 Company accounts Private Limited Company FY true false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure089592462014-03-25089592462015-03-31089592462014-03-262015-03-31089592462014-03-2508959246ns12:England2014-03-262015-03-3108959246ns14:PoundSterling2014-03-262015-03-3108959246ns7:Director12014-03-262015-03-3108959246ns7:Director22014-03-262015-03-3108959246ns7:OrdinaryShareClass12014-03-262015-03-3108959246ns7:RegisteredOffice2014-03-262015-03-3108959246ns7:EntityAccountantsOrAuditors2014-03-262015-03-3108959246ns5:FixturesFittings2014-03-262015-03-3108959246ns7:OrdinaryShareClass12015-03-31
REGISTERED NUMBER: 08959246 (England and Wales)















ABBREVIATED UNAUDITED ACCOUNTS

FOR THE PERIOD 26 MARCH 2014 TO 31 MARCH 2015

FOR

ASSET RECOVERY & INSOLVENCY LTD

ASSET RECOVERY & INSOLVENCY LTD (REGISTERED NUMBER: 08959246)

CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE PERIOD 26 MARCH 2014 TO 31 MARCH 2015










Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

ASSET RECOVERY & INSOLVENCY LTD

COMPANY INFORMATION
FOR THE PERIOD 26 MARCH 2014 TO 31 MARCH 2015







DIRECTORS: Mr S J Woodhams
Mrs K A L Woodhams





REGISTERED OFFICE: Empress Heights
College Street
Southampton
Hampshire
SO14 3LA





REGISTERED NUMBER: 08959246 (England and Wales)





ACCOUNTANTS: Khan Morris Accountants Limited
Empress Heights
College Street
Southampton
Hampshire
SO14 3LA
Page 1
ASSET RECOVERY & INSOLVENCY LTD (REGISTERED NUMBER: 08959246)

ABBREVIATED BALANCE SHEET
31 MARCH 2015

Notes £    £   
FIXED ASSETS
Intangible assets 2 75,000
Tangible assets 3 16,571
91,571

CURRENT ASSETS
Stocks 10,500
Debtors 69,793
Cash at bank and in hand 86,323
166,616
CREDITORS
Amounts falling due within one year 204,503
NET CURRENT LIABILITIES (37,887 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
53,684

CAPITAL AND RESERVES
Called up share capital 4 100
Profit and loss account 53,584
SHAREHOLDERS' FUNDS 53,684

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 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 notes form part of these abbreviated accounts

Page 2 continued...
ASSET RECOVERY & INSOLVENCY LTD (REGISTERED NUMBER: 08959246)

ABBREVIATED BALANCE SHEET - continued
31 MARCH 2015


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 25 November 2015 and were signed on
its behalf by:




Mr S J Woodhams - Director



Mrs K A L Woodhams - Director


The notes form part of these abbreviated accounts

Page 3
ASSET RECOVERY & INSOLVENCY LTD (REGISTERED NUMBER: 08959246)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE PERIOD 26 MARCH 2014 TO 31 MARCH 2015


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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of two years.

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

Fixtures and fittings - 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis
over the period of the lease.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
Additions 100,000
At 31 March 2015 100,000
AMORTISATION
Amortisation for period 25,000
At 31 March 2015 25,000
NET BOOK VALUE

At 31 March 2015 75,000

Page 4 continued...
ASSET RECOVERY & INSOLVENCY LTD (REGISTERED NUMBER: 08959246)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE PERIOD 26 MARCH 2014 TO 31 MARCH 2015


3. TANGIBLE FIXED ASSETS
Total
£   
COST
Additions 18,938
At 31 March 2015 18,938
DEPRECIATION
Charge for period 2,367
At 31 March 2015 2,367
NET BOOK VALUE
At 31 March 2015 16,571

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
100 Ordinary £1.00 100

100 Ordinary shares of £1 were issued during the period for cash of £100.

5. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr S Woodhams and Mrs K Woodhams by virtue of their directorship
and equal shareholding.

Page 5