AATI Commercial Limited - Period Ending 2016-03-31

Registration number: 07810582

AATI Commercial 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 Commercial Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Registration number: 07810582

AATI Commercial Limited
Balance Sheet as at 31 March 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets		2			6,489			5,424
Current assets
Stocks					16,012			1,704
Debtors					209,759			75,986
Cash at bank and in hand					12,708			19,088
					238,479			96,778
Creditors: Amounts falling due within one year					(143,183)			(43,090)
Net current assets					95,296			53,688
Total assets less current liabilities					101,785			59,112
Provisions for liabilities					(1,298)			(916)
Net assets					100,487			58,196
Capital and reserves
Called up share capital		3			10,000			10,000
Profit and loss account					90,487			48,196
Shareholders' funds					100,487			58,196

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 Commercial 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.

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
Plant, machinery and standard patterns	15% Reducing Balance Method

Stock and work in progress

Work in progress represents the proportion of the job complete at the 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 at the balance sheet date.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 April 2015		6,719			6,719
Additions		2,130			2,130
At 31 March 2016		8,849			8,849
Depreciation
At 1 April 2015		1,295			1,295
Charge for the year		1,065			1,065
At 31 March 2016		2,360			2,360
Net book value
At 31 March 2016		6,489			6,489
At 31 March 2015		5,424			5,424

Page 2

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

3	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

4	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.

5

Control

The company is ultimately controlled by D Bisset.

Page 3