Automatic Access Limited - Abbreviated accounts 16.1

Automatic Access Limited - Abbreviated accounts 16.1

AUTOMATIC ACCESS LIMITED - Company Information

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REGISTERED NUMBER: 05211505 (England and Wales)















Abbreviated Unaudited Accounts for the Year Ended 31 December 2015

for

Automatic Access Limited

Automatic Access Limited (Registered number: 05211505)






Contents of the Abbreviated Accounts
for the Year Ended 31 December 2015




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

Automatic Access Limited

Company Information
for the Year Ended 31 December 2015







DIRECTOR: T P Allsop





SECRETARY: Ms J A Townsend





REGISTERED OFFICE: 2 Barkby Lane
Syston
Leicester
LE7 2BA





REGISTERED NUMBER: 05211505 (England and Wales)





ACCOUNTANTS: Carter & Co
19 Warren Park Way
Enderby
Leicester
LE19 4SA
Page 1
Automatic Access Limited (Registered number: 05211505)

Abbreviated Balance Sheet
31 December 2015

31.12.15 31.12.14
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 19,178 33,083

CURRENT ASSETS
Stocks 2,000 4,850
Debtors 39,004 66,113
Cash at bank 54,898 15,433
95,902 86,396
CREDITORS
Amounts falling due within one year 96,137 90,850
NET CURRENT LIABILITIES (235 ) (4,454 )
TOTAL ASSETS LESS CURRENT LIABILITIES 18,943 28,629

CREDITORS
Amounts falling due after more than one
year
8,223
12,682
NET ASSETS 10,720 15,947

CAPITAL AND RESERVES
Called up share capital 3 1,000 1,000
Profit and loss account 9,720 14,947
SHAREHOLDERS' FUNDS 10,720 15,947

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 29 March 2016 and were signed by:




T P Allsop - Director


The notes form part of these abbreviated accounts

Page 2
Automatic Access Limited (Registered number: 05211505)

Notes to the Abbreviated Accounts
for the Year Ended 31 December 2015

1. ACCOUNTING POLICIES

Accounting convention
The financial statements 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 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those
held under hire purchase contracts are depreciated over their estimated useful lives. Those held under
finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period.
The capital element of the future payments is treated as a liability.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 January 2015 97,577
Additions 2,939
At 31 December 2015 100,516
DEPRECIATION
At 1 January 2015 64,494
Charge for year 16,844
At 31 December 2015 81,338
NET BOOK VALUE
At 31 December 2015 19,178
At 31 December 2014 33,083

Page 3 continued...
Automatic Access Limited (Registered number: 05211505)

Notes to the Abbreviated Accounts - continued
for the Year Ended 31 December 2015

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.15 31.12.14
value: £    £   
1,000 Ordinary £1 1,000 1,000

Page 4