Abbreviated Company Accounts - AUSCAN LIMITED

08203449 AUSCAN LIMITED 2015-11-30 false 2014-10-01 2015-11-30 true 08203449 2014-10-01 2015-11-30 08203449 2015-11-30 08203449 2014-09-30 08203449 uk-gaap-cd-bus:Director1 2014-10-01 2015-11-30 08203449 uk-gaap-cd-bus:Director2 2014-10-01 2015-11-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-10-01 2015-11-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-11-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-09-30 iso4217:GBP shares

Registered Number 08203449

AUSCAN LIMITED

Abbreviated Accounts

30 November 2015

AUSCAN LIMITED Registered Number 08203449

Abbreviated Balance Sheet as at 30 November 2015

	Notes	30/11/2015	30/09/2014
		£	£
Fixed assets
Tangible assets	2	1,641	211
		1,641	211
Current assets
Stocks		-	994
Cash at bank and in hand		5,964	6,889
		5,964	7,883
Creditors: amounts falling due within one year		(413)	(1,378)
Net current assets (liabilities)		5,551	6,505
Total assets less current liabilities		7,192	6,716
Accruals and deferred income		(600)	(540)
Total net assets (liabilities)		6,592	6,176
Capital and reserves
Called up share capital	3	3	3
Profit and loss account		6,589	6,173
Shareholders' funds		6,592	6,176

For the year ending 30 November 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 6 July 2016

And signed on their behalf by:
K Harrison, Director
K Rushbrook, Director

AUSCAN LIMITED Registered Number 08203449

Notes to the Abbreviated Accounts for the period ended 30 November 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 period.

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Equipment - 20% reducing balance

Valuation information and policy
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Other accounting policies
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

2Tangible fixed assets

	£
Cost
At 1 October 2014	264
Additions	1,840
Disposals	-
Revaluations	-
Transfers	-
At 30 November 2015	2,104
Depreciation
At 1 October 2014	53
Charge for the year	410
On disposals	-
At 30 November 2015	463
Net book values
At 30 November 2015	1,641
At 30 September 2014	211

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

	30/11/2015 £	30/09/2014 £
3 Ordinary shares of £1 each	3	3