Ultra Sonic Anti Fouling Ltd - Period Ending 2015-09-30

Registration number: 06378381

Ultra Sonic Anti Fouling Ltd

Unaudited Abbreviated Accounts

for the Year Ended 30 September 2015
 

Tudor Payne & Co
Chartered Accountants
52 Parkstone Road
Poole
Dorset
BH15 2PU

Ultra Sonic Anti Fouling Ltd
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Ultra Sonic Anti Fouling Ltd
(Registration number: 06378381)
Abbreviated Balance Sheet at 30 September 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets					1,909			1,774
Current assets
Stocks					9,165			9,970
Debtors					9,735			13,186
Cash at bank and in hand					11,468			14,116
					30,368			37,272
Creditors: Amounts falling due within one year					(82,676)			(67,011)
Net current liabilities					(52,308)			(29,739)
Net liabilities					(50,399)			(27,965)
Capital and reserves
Called up share capital		3			1,000			1,000
Share premium account					75,078			75,078
Profit and loss account					(126,477)			(104,043)
Shareholders' deficit					(50,399)			(27,965)

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 28 June 2016 and signed on its behalf by:

.........................................
Mr. J Franco
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Ultra Sonic Anti Fouling Ltd
Notes to the Abbreviated Accounts for the Year Ended 30 September 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

The accounts do not include a cash flow statement because the company, as a small reporting entity, is exempt from the requirements to prepare such a statement.

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Plant & machinery	25% reducing balance
Fixtures & fittings	25% reducing balance
Computer equipment	25% reducing balance

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 October 2014		6,513			6,513
Additions		439			439
At 30 September 2015		6,952			6,952
Depreciation
At 1 October 2014		4,739			4,739
Charge for the year		304			304
At 30 September 2015		5,043			5,043
Net book value
At 30 September 2015		1,909			1,909
At 30 September 2014		1,774			1,774

Page 2

Ultra Sonic Anti Fouling Ltd
Notes to the Abbreviated Accounts for the Year Ended 30 September 2015
......... continued

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
A Ordinary Shares of £1 each		1,000			1,000			1,000			1,000

Page 3