Abbreviated Company Accounts - AETHONSTAR LIMITED

AETHONSTAR LIMITED - Company Information

07979674 AETHONSTAR LIMITED 2015-03-31 false 2014-04-01 2015-03-31 true 07979674 2014-04-01 2015-03-31 07979674 2015-03-31 07979674 2014-03-31 07979674 uk-gaap-cd-bus:Director1 2014-04-01 2015-03-31 07979674 uk-gaap-cd-bus:Director2 2014-04-01 2015-03-31 uk-gaap-cd-bus:Director3 2014-04-01 2015-03-31 uk-gaap-cd-bus:Director3 2015-03-31 uk-gaap-cd-bus:Director3 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-04-01 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-31 iso4217:GBP shares

Registered Number 07979674

AETHONSTAR LIMITED

Abbreviated Accounts

31 March 2015

AETHONSTAR LIMITED Registered Number 07979674

Abbreviated Balance Sheet as at 31 March 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	14,295	18,044
		14,295	18,044
Current assets
Debtors		121,182	46,431
Cash at bank and in hand		93,718	35,407
		214,900	81,838
Creditors: amounts falling due within one year		(56,342)	(39,890)
Net current assets (liabilities)		158,558	41,948
Total assets less current liabilities		172,853	59,992
Creditors: amounts falling due after more than one year		(6,637)	(13,291)
Provisions for liabilities		(2,859)	(3,609)
Total net assets (liabilities)		163,357	43,092
Capital and reserves
Called up share capital	3	1	1
Profit and loss account		163,356	43,091
Shareholders' funds		163,357	43,092

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 29 February 2016

And signed on their behalf by:
D Friend, Director

AETHONSTAR LIMITED Registered Number 07979674

Notes to the Abbreviated Accounts for the period ended 31 March 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

Tangible assets depreciation policy
Fixed Assets
All fixed assets are initially recorded at cost.

Depreciation
Depreciation is calculated so as to write off the cost of an asset over the useful economic life of that asset as follows:-
Fixtures & Fittings - 15% reducing balance
Motor Vehicles - 25% reducing balance
Equipment - 15% reducing balance

Other accounting policies
Hire Purchase Agreements
Assets held under hire purchase agreements and capitalised and disclosed under tangible fixed assets at their fair value. The capital element of the future payments is treated as a liability and the interest is charged to the profit and loss account on a straight line basis.

Deferred Taxation
Deferred taxation is provided on the liability method at anticipated future rates of taxation on differences arising from the inclusion of income and expenditure in periods different for accounts and taxation purposes.

Financial Instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either 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.

2Tangible fixed assets

	£
Cost
At 1 April 2014	31,333
Additions	699
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2015	32,032
Depreciation
At 1 April 2014	13,289
Charge for the year	4,448
On disposals	-
At 31 March 2015	17,737
Net book values
At 31 March 2015	14,295
At 31 March 2014	18,044

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
1 Ordinary shares of £1 each	1	1

4Transactions with directors

Name of director receiving advance or credit:	D Friend
Description of the transaction:	Directors loan account
Balance at 1 April 2014:	£ 35,335
Advances or credits made:	£ 103,250
Advances or credits repaid:	£ 30,751
Balance at 31 March 2015:	£ 107,834

The loan has been settled in full since the balance sheet date. Interest has been charged at 3.25% pa.