Absolute Machine Tool Services Ltd. - Abbreviated accounts 16.3

REGISTERED NUMBER: SC405159 (Scotland)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2016

FOR

ABSOLUTE MACHINE TOOL SERVICES LTD.

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

J M Douglas

S T Mitchell

D Beaton

J Cowell

SECRETARY:

J M Douglas

REGISTERED OFFICE:

12 Sandalwood Avenue

Motherwell

Lanarkshire

ML1 5FN

REGISTERED NUMBER:

SC405159 (Scotland)

ACCOUNTANT:

I M Neilson

Chartered Accountant

62e Cleveden Drive

Glasgow

G12 0NX

FIXED ASSETS

Tangible assets

2

8,520

3,156

CURRENT ASSETS

Debtors

92,420

120,483

Cash at bank

157,116

156,604

249,536

277,087

CREDITORS

Amounts falling due within one year

(79,600

)

(106,302

)

NET CURRENT ASSETS

169,936

170,785

TOTAL ASSETS LESS CURRENT
LIABILITIES

178,456

173,941

PROVISIONS FOR LIABILITIES

(1,704

)

(631

)

NET ASSETS

176,752

173,310

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

176,652

173,210

SHAREHOLDERS' FUNDS

176,752

173,310

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 16 November 2016 and were signed on its behalf
by:

S T Mitchell - Director

1.	ACCOUNTING POLICIES

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 on all tangible fixed assets at the following rates:-

Plant & machinery

25%

Reducing Balance

Office equipment

33%

Straight Line

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2015

9,738

Additions

8,976

At 30 September 2016

18,714

DEPRECIATION

At 1 October 2015

6,582

Charge for year

3,612

At 30 September 2016

10,194

NET BOOK VALUE

At 30 September 2016

8,520

At 30 September 2015

3,156

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.16

30.9.15

value:

£

100

ordinary

1

100