Alltrade Aerial & Satellite Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 03100320 (England and Wales)

Abbreviated Accounts for the Year Ended 31 October 2016

for

Alltrade Aerial & Satellite Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

S J Simper

W J Simper

R Poole

J Hall

SECRETARY:

Mrs S M Simper

REGISTERED OFFICE:

Unit 4

Sussex House Business Park

247 Old Shoreham Road

Hove

East Sussex

BN3 7EU

REGISTERED NUMBER:

03100320 (England and Wales)

ACCOUNTANTS:

Bristow Still

Chartered Accountants

39 Sackville Road

Hove

East Sussex

BN3 3WD

Fixed assets

Tangible assets

2

2,027,662

2,003,953

Investments

3

1

2,027,663

2,003,954

Current assets

Stocks

1,374,427

966,890

Debtors

1,199,833

1,236,981

Cash at bank and in hand

182,165

285,068

2,756,425

2,488,939

Creditors

Amounts falling due within one year

1,336,092

1,247,299

Net current assets

1,420,333

1,241,640

Total assets less current liabilities

3,447,996

3,245,594

Capital and reserves

Called up share capital

4

10,000

Profit and loss account

3,437,996

3,235,594

Shareholders' funds

3,447,996

3,245,594

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 24 November 2016 and were signed on its behalf by:

S J Simper - 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 at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

2% on cost

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving

items.

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 November 2015

2,567,363

Additions

91,831

Disposals

(45,173

)

At 31 October 2016

2,614,021

DEPRECIATION

At 1 November 2015

563,410

Charge for year

60,319

Eliminated on disposal

(37,370

)

At 31 October 2016

586,359

NET BOOK VALUE

At 31 October 2016

2,027,662

At 31 October 2015

2,003,953

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 November 2015

and 31 October 2016

1

NET BOOK VALUE

At 31 October 2016

1

At 31 October 2015

1

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.16

31.10.15

value:

£

10,000

Ordinary

£1

10,000