Abbreviated Company Accounts - A.F.DAVISON LIMITED

A.F.DAVISON LIMITED - Company Information

NI012747 A.F.DAVISON LIMITED 2015-05-31 false 2014-06-01 2015-05-31 true NI012747 2014-06-01 2015-05-31 NI012747 2015-05-31 NI012747 2014-05-31 NI012747 uk-gaap-cd-bus:Director1 2014-06-01 2015-05-31 NI012747 uk-gaap-cd-bus:Director2 2014-06-01 2015-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-06-01 2015-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-05-31 iso4217:GBP shares

Registered Number NI012747

A.F.DAVISON LIMITED

Abbreviated Accounts

31 May 2015

A.F.DAVISON LIMITED Registered Number NI012747

Abbreviated Balance Sheet as at 31 May 2015

	Notes	2015	2014
		£	£
Called up share capital not paid		-	-
Fixed assets
Tangible assets	2	694,463	701,340
		694,463	701,340
Current assets
Stocks		15,000	15,000
Debtors		608,521	568,261
Cash at bank and in hand		49,811	64,478
		673,332	647,739
Creditors: amounts falling due within one year		(420,261)	(376,710)
Net current assets (liabilities)		253,071	271,029
Total assets less current liabilities		947,534	972,369
Creditors: amounts falling due after more than one year		(89,817)	(50,789)
Provisions for liabilities		(38,624)	(38,624)
Total net assets (liabilities)		819,093	882,956
Capital and reserves
Called up share capital	3	50,000	50,000
Profit and loss account		769,093	832,956
Shareholders' funds		819,093	882,956

For the year ending 31 May 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 2 October 2015

And signed on their behalf by:
Mr Campbell Davison, Director

A.F.DAVISON LIMITED Registered Number NI012747

Notes to the Abbreviated Accounts for the period ended 31 May 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
Turnover comprises the invoice value of goods and services supplied by the company, exclusive of trade discounts and value added tax.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible fixed assets, less their estimated residual value, over their expected useful lives as follows:
Land & Buildings 10% Reducing Balance
Plant & Machinery 20% Reducing Balance
Fixtures, fittings & equipment 20% Reducing Balance
Motor Vehicles 20% Reducing Balance
The carrying values of tangible fixed assets are reviewed annually for impairment periods if events or changes in circumstances indicate that the carrying value may not be recoverable.

2Tangible fixed assets

	£
Cost
At 1 June 2014	2,335,000
Additions	166,662
Disposals	(116,640)
Revaluations	-
Transfers	-
At 31 May 2015	2,385,022
Depreciation
At 1 June 2014	1,633,660
Charge for the year	167,539
On disposals	(110,640)
At 31 May 2015	1,690,559
Net book values
At 31 May 2015	694,463
At 31 May 2014	701,340

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

	2015 £	2014 £
50,000 Ordinary shares of £1 each	50,000	50,000