| AMIANTUS ENVIRONMENTAL CONSULTANTS LIMITED |
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| BALANCE SHEET |
| AS AT 31 December 2015 |
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Notes |
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2015 |
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2014 |
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£ |
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£ |
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| FIXED ASSETS |
| Tangible assets |
2 |
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11,652 |
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6,767 |
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| CURRENT ASSETS |
| Debtors |
211,836 |
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235,984 |
| Cash at bank and in hand |
11,799 |
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402 |
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223,635 |
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236,386 |
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| CREDITORS: Amounts falling due |
177,438 |
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173,736 |
| within one year |
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| NET CURRENT ASSETS |
46,197 |
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62,650 |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
57,849 |
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69,417 |
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| CREDITORS: Amounts falling due |
11,314 |
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16,500 |
| after more than one year |
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| Provisions for liabilities and charges |
2,330 |
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1,353 |
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| NET ASSETS |
44,205 |
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51,564 |
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| CAPITAL AND RESERVES |
| Called up share capital |
3 |
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2 |
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2 |
| Profit and loss account |
44,203 |
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51,562 |
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| SHAREHOLDERS' FUNDS |
44,205 |
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51,564 |
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| These abbreviated accounts have been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006 and with the Financial Reporting Standard for Smaller Entities (effective January 2015). |
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| For the financial year ended 31 December 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006. |
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| Members have not required the company to obtain an audit in accordance with section 476 of the Act. |
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| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
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| Signed on behalf of the board of directors |
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| R Pearce |
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W Godfrey |
| Director |
Director |
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| Date approved by the board: 29 September 2016 |
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| AMIANTUS ENVIRONMENTAL CONSULTANTS LIMITED |
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| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 DECEMBER 2015 |
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| 1 |
STATEMENT OF ACCOUNTING POLICIES |
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Accounting convention |
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The accounts have been prepared under the historical cost convention and are based on accounts prepared in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015). |
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Going concern |
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At the year end the company had external creditors of £188,752 including corporation tax and other taxes of £109,842. Also included within this balance are bank loans and overdrafts totalling £18,640, which could be required for repayment without notice. The company is therefore dependent upon the continued support of its creditors, its bank and its directors. |
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If the going concern basis was not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amounts, to provide for additional liabilities that might arise and to reclassify fixed assets as current assets. |
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Turnover |
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Turnover represents invoiced sales of services, stated net of value added tax. |
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Turnover is recognised as contract activity progresses, in accordance with the terms of the contractual agreement and the stage of completion of the work. The amount of revenue reflects the partial performance of the company's contractual obligations. Where recorded turnover exceeds amounts invoiced to clients, the excess is classified as income. |
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Tangible fixed assets |
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Fixed assets are stated at cost less accumulated depreciation. |
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Depreciation has been provided at the following rates so as to write off the cost less residual value of the assets over their estimated useful lives. |
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Plant and machinery |
Straight line basis at 25% per annum |
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Motor vehicles |
Straight line basis at 25% per annum |
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Computer equipment |
Straight line basis at 33% per annum |
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Financial instruments |
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Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either 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. |
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| 1 |
STATEMENT OF ACCOUNTING POLICIES (continued…) |
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Deferred taxation |
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