AATI Rail Limited - Period Ending 2016-03-31

Registration number: 08183811

AATI Rail Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2016
 

Lambert Chapman LLP
Chartered Accountants
3 Warners Mill
Silks Way
Braintree
Essex
CM7 3GB

AATI Rail Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Registration number: 08183811

AATI Rail Limited
Balance Sheet as at 31 March 2016

		Note			2016 £			2015 £
Fixed assets
Intangible fixed assets					3,549			4,064
Tangible fixed assets		2			189,002			164,388
					192,551			168,452
Current assets
Stocks					258,074			324,226
Debtors					169,132			290,293
Cash at bank and in hand					2,425			48,917
					429,631			663,436
Creditors: Amounts falling due within one year		3			(318,928)			(596,643)
Net current assets					110,703			66,793
Total assets less current liabilities					303,254			235,245
Provisions for liabilities					(31,223)			(25,669)
Net assets					272,031			209,576
Capital and reserves
Called up share capital		4			10,000			10,000
Profit and loss account					262,031			199,576
Shareholders' funds					272,031			209,576

For the year ended 31 March 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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2015).

Approved by the Board on 6 September 2016 and signed on its behalf by:

D G Bisset
Director

T M Martin
Director

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

AATI Rail Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 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 the sale of manufactured stair nosings recognised on an accrued basis, excluding value added tax.

Intangible fixed assets

This comprises of capitalised costs in relation to designs and trademark costs. The anticipated useful life of the costs capitalised is ten years.

Depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life;

Asset class	Depreciation method and rate
Office equipment	15% Reducing Balance Method
Plant & equipment	15% Reducing Balance Method
Fixtures & fittings	15% Reducing Balance Method

Stock

Stocks are stated at the lower of cost and net realisable value. Cost represents the expenditure incurred in bringing each product to its present location and condition as follows: Raw Materials – Purchase cost Finished goods – Cost of direct materials, transport and labour Work in Progress represents the proportion of the job complete at year end. It includes all direct expenditure and an appropriate proportion of fixed and variable overheads, and is uplifted to the sales value where the amount is recoverable on contract.

Deferred tax

Deferred tax is recognised in respect of all material timing differences that have originated but not reversed by the balance sheet date.

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AATI Rail Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued

2	Fixed assets

		Intangible assets £			Tangible assets £			Total £
Cost
At 1 April 2015		5,149			370,500			375,649
Additions		-			52,761			52,761
At 31 March 2016		5,149			423,261			428,410
Depreciation
At 1 April 2015		1,085			206,112			207,197
Charge for the year		515			28,147			28,662
At 31 March 2016		1,600			234,259			235,859
Net book value
At 31 March 2016		3,549			189,002			192,551
At 31 March 2015		4,064			164,388			168,452

3

Creditors

Creditors includes the following liabilities, on which security has been given by the company:

		2016 £			2015 £
Amounts falling due within one year		-			189,036

4	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary shares of £1 each		10,000			10,000			10,000			10,000

5	Ultimate parent company

The company is a 100% subsidiary of Finch Seaman Enfield Group Limited, a company incorporated in England and Wales, which is itself a 100% subsidiary of Enfield Holdings Limited, making Enfield Holdings Limited the Ultimate Parent Company.

6

Control

The ultimate controlling party is D Bisset.

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