Apostles Castings Technology Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 09273878 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31ST MARCH 2016

FOR

APOSTLES CASTINGS TECHNOLOGY LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

A Turner

REGISTERED OFFICE:

Winston House

Lyonshall

Kington

HR5 3JP

REGISTERED NUMBER:

09273878 (England and Wales)

ACCOUNTANTS:

Fields

2nd Floor

Landchard House

Victoria Street

West Bromwich

West Midlands

B70 8ER

BANKERS:

Barclays Bank plc

4 High Street

Kington

Herefordshire

HR5 3AX

FIXED ASSETS

Intangible assets

2

32,778

-

Tangible assets

3

1,015

-

33,793

-

CURRENT ASSETS

Debtors

5,108

1

Cash at bank

3,664

-

8,772

1

CREDITORS

Amounts falling due within one year

42,337

-

NET CURRENT (LIABILITIES)/ASSETS

(33,565

)

1

TOTAL ASSETS LESS CURRENT
LIABILITIES

228

1

PROVISIONS FOR LIABILITIES

203

-

NET ASSETS

25

1

CAPITAL AND RESERVES

Called up share capital

4

1

Profit and loss account

24

-

SHAREHOLDERS' FUNDS

25

1

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

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

The director acknowledges his 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 director on 21st November 2016 and were signed by:

A Turner - 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).

Going concern

The directors believe that there are no material uncertainties related to events or conditions that may cast significant doubt

on the ability of the company to continue as a going concern and therefore the going concern basis remains appropriate in

the preparation of the financial statements.

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a small

company.

Turnover

Turnover represents income derived from the company's ordinary activities, excluding value added tax.

Turnover from services is recognised when the service provided to the customer has been completed.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

33% on cost

Deferred tax

The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of

certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of all material

timing differences that have originated but not reversed at the balance sheet date. Deferred taxation is measured on a non

discounted basis at the average tax rates that would apply when the timing differences are expected to reverse, based on tax

rates and laws that have been enacted by the balance sheet date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

Additions

36,420

At 31st March 2016

36,420

AMORTISATION

Amortisation for year

3,642

At 31st March 2016

3,642

NET BOOK VALUE

At 31st March 2016

32,778

3.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

2,132

At 31st March 2016

2,132

DEPRECIATION

Charge for year

1,117

At 31st March 2016

1,117

NET BOOK VALUE

At 31st March 2016

1,015

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

1

Ordinary

1