Analytical Instrument Tube Systems Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 08293038 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2016

for

Analytical Instrument Tube Systems Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr A Farnen

Mr D Jones

REGISTERED OFFICE:

Unit 6

Stafford Park 12

Telford

Shropshire

TF3 3BJ

REGISTERED NUMBER:

08293038 (England and Wales)

ACCOUNTANTS:

Columb & Gosling Accountants Ltd

Blount House

Hall Court

Hall Park Way

Telford

Shropshire

TF3 4NQ

FIXED ASSETS

Tangible assets

2

7,262

7,077

CURRENT ASSETS

Stocks

15,850

14,750

Debtors

7,184

7,897

Cash at bank

23,565

27,713

46,599

50,360

CREDITORS

Amounts falling due within one year

38,719

27,080

NET CURRENT ASSETS

7,880

23,280

TOTAL ASSETS LESS CURRENT
LIABILITIES

15,142

30,357

CREDITORS

Amounts falling due after more than
one year

-

1,671

CAPITAL AND RESERVES

Called up share capital

3

20

Share premium

24,990

Profit and loss account

(9,868

)

3,676

SHAREHOLDERS' FUNDS

15,142

28,686

15,142

30,357

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 3 October 2016 and were
signed on its behalf by:

Mr D Jones - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention and

in accordance with the Financial Reporting Standard for Smaller Entities

(Effective April 2008)

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.

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

Rentals paid under operating leases are charged to the profit and loss account on a straight

line basis over the period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

13,427

Additions

1,978

At 31 March 2016

15,405

DEPRECIATION

At 1 April 2015

6,350

Charge for year

1,793

At 31 March 2016

8,143

NET BOOK VALUE

At 31 March 2016

7,262

At 31 March 2015

7,077

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

20

Ordinary

£1

20