Abbreviated Company Accounts - ASSOCIATED INDUSTRIAL CONTROL SOLUTIONS LIMITED

ASSOCIATED INDUSTRIAL CONTROL SOLUTIONS LIMITED - Company Information

Registered Number 02803632

ASSOCIATED INDUSTRIAL CONTROL SOLUTIONS LIMITED

Abbreviated Accounts

31 December 2015

ASSOCIATED INDUSTRIAL CONTROL SOLUTIONS LIMITED Registered Number 02803632

Abbreviated Balance Sheet as at 31 December 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	2,911	3,639
		2,911	3,639
Current assets
Stocks		-	40,091
Debtors		358,080	350,550
Cash at bank and in hand		2,359	747
		360,439	391,388
Creditors: amounts falling due within one year		(306,206)	(349,110)
Net current assets (liabilities)		54,233	42,278
Total assets less current liabilities		57,144	45,917
Provisions for liabilities		0	-
Total net assets (liabilities)		57,144	45,917
Capital and reserves
Called up share capital		100	100
Profit and loss account		57,044	45,817
Shareholders' funds		57,144	45,917

For the year ending 31 December 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 22 September 2016

And signed on their behalf by:
N Stewart, Director

ASSOCIATED INDUSTRIAL CONTROL SOLUTIONS LIMITED Registered Number 02803632

Notes to the Abbreviated Accounts for the period ended 31 December 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
Turnover represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods falling within the company's ordinary activities.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:

Plant & Machinery - 20% reducing balance
Motor Vehicles - 25% reducing balance

2Tangible fixed assets

	£
Cost
At 1 January 2015	12,269
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2015	12,269
Depreciation
At 1 January 2015	8,630
Charge for the year	728
On disposals	-
At 31 December 2015	9,358
Net book values
At 31 December 2015	2,911
At 31 December 2014	3,639