Advanced Technical Software Limited - Period Ending 2016-01-31

Registration number: 01875725

Advanced Technical Software Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 January 2016
 

Concorde Company Solutions Limited
Accountants
20A Main Street
Garforth
Leeds West Yorkshire
West Yorkshire
LS25 1AA

Advanced Technical Software Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Advanced Technical Software Limited
for the Year Ended 31 January 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Advanced Technical Software Limited for the year ended 31 January 2016 set out on pages from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Advanced Technical Software Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Advanced Technical Software Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Advanced Technical Software Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Advanced Technical Software Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Advanced Technical Software Limited. You consider that Advanced Technical Software Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Advanced Technical Software Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Concorde Company Solutions Limited
Accountants
20A Main Street
Garforth
Leeds West Yorkshire
West Yorkshire
LS25 1AA

16 August 2016

Page 1

Advanced Technical Software Limited
(Registration number: 01875725)
Abbreviated Balance Sheet at 31 January 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets					919			3,088
Current assets
Debtors					2,303			4,293
Cash at bank and in hand					50,134			57,313
					52,437			61,606
Creditors: Amounts falling due within one year					(52,597)			(31,307)
Net current (liabilities)/assets					(160)			30,299
Total assets less current liabilities					759			33,387
Provisions for liabilities					(184)			(618)
Net assets					575			32,769
Capital and reserves
Called up share capital		3			25,000			25,000
Profit and loss account					(24,425)			7,769
Shareholders' funds					575			32,769

For the year ending 31 January 2016 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 16 August 2016 and signed on its behalf by:

.........................................
Mr Geoffrey GRAVES
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Advanced Technical Software Limited
Notes to the Abbreviated Accounts for the Year Ended 31 January 2016
......... 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 January 2015).

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
Fixtures & Fittings	20% on written down value
Office Equipment	20& on written down value

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 3

Advanced Technical Software Limited
Notes to the Abbreviated Accounts for the Year Ended 31 January 2016
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 February 2015		17,930			17,930
At 31 January 2016		17,930			17,930
Depreciation
At 1 February 2015		14,842			14,842
Charge for the year		2,169			2,169
At 31 January 2016		17,011			17,011
Net book value
At 31 January 2016		919			919
At 31 January 2015		3,088			3,088

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary Shares of £1 each		25,000			25,000			25,000			25,000

4	Related party transactions

Directors' advances and credits

	2016 Advance/ Credit £	2016 Repaid £	2015 Advance/ Credit £	2015 Repaid £
Mr Geof Graves
Dividends	-	-	-	-
Mrs Susan GRAVES
Dividends	-	-	-	-

Page 4