Abbreviated Company Accounts - ALLIANCE POWDER COATINGS LIMITED

ALLIANCE POWDER COATINGS LIMITED - Company Information

Registered Number 06969750

ALLIANCE POWDER COATINGS LIMITED

Abbreviated Accounts

30 September 2015

ALLIANCE POWDER COATINGS LIMITED Registered Number 06969750

Abbreviated Balance Sheet as at 30 September 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	3,292	3,001
		3,292	3,001
Current assets
Stocks		7,927	4,010
Debtors		41,856	45,393
Cash at bank and in hand		31,987	18,922
		81,770	68,325
Creditors: amounts falling due within one year		(68,527)	(63,600)
Net current assets (liabilities)		13,243	4,725
Total assets less current liabilities		16,535	7,726
Provisions for liabilities		(659)	(601)
Total net assets (liabilities)		15,876	7,125
Capital and reserves
Called up share capital		3	3
Profit and loss account		15,873	7,122
Shareholders' funds		15,876	7,125

For the year ending 30 September 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 15 June 2016

And signed on their behalf by:
K Walley, Director

ALLIANCE POWDER COATINGS LIMITED Registered Number 06969750

Notes to the Abbreviated Accounts for the period ended 30 September 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 represents net invoiced sales of goods, excluding value added tax.

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance

Other accounting policies
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.

2Tangible fixed assets

	£
Cost
At 1 October 2014	8,705
Additions	1,114
Disposals	-
Revaluations	-
Transfers	-
At 30 September 2015	9,819
Depreciation
At 1 October 2014	5,704
Charge for the year	823
On disposals	-
At 30 September 2015	6,527
Net book values
At 30 September 2015	3,292
At 30 September 2014	3,001