Anstey James Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 07192226 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

FOR

ANSTEY JAMES LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr J G Hedges

Mr A M Graham

REGISTERED OFFICE:

11 Oak Way

Lufton Business Park

Yeovil

Somerset

BA22 8HS

REGISTERED NUMBER:

07192226 (England and Wales)

ACCOUNTANTS:

Clay Shaw Butler

Chartered Accountants

24 Lammas Street

Carmarthen

Carmarthenshire

SA31 3AL

FIXED ASSETS

Tangible assets

2

1,402

3,217

CURRENT ASSETS

Stocks

-

400

Debtors

5,895

2,672

Cash at bank

3,758

5,638

9,653

8,710

CREDITORS

Amounts falling due within one year

15,362

11,388

NET CURRENT LIABILITIES

(5,709

)

(2,678

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(4,307

)

539

PROVISIONS FOR LIABILITIES

280

643

NET LIABILITIES

(4,587

)

(104

)

CAPITAL AND RESERVES

Called up share capital

3

2

Retained earnings

(4,589

)

(106

)

SHAREHOLDERS' FUNDS

(4,587

)

(104

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 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 28 April 2016 and were signed on its behalf by:

Mr J G Hedges - Director

1.	ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS

These financial statements have been prepared in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015) and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The directors consider it appropriate to prepare these accounts on the going concern basis. This is due to the

support provided by the directors such that the company is able to meet its liabilities as and when they fall due,

which will continue for the foreseeable future.

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

-

25% on cost

Office equipment

-

33% on cost

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 April 2015

and 31 March 2016

7,103

DEPRECIATION

At 1 April 2015

3,886

Charge for year

1,815

At 31 March 2016

5,701

NET BOOK VALUE

At 31 March 2016

1,402

At 31 March 2015

3,217

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

1

Ordinary

£1

2