Abbreviated Company Accounts - ASSOCIATED LABORATORIES LIMITED

Abbreviated Company Accounts - ASSOCIATED LABORATORIES LIMITED

ASSOCIATED LABORATORIES LIMITED - Company Information

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Registered Number 05272224

ASSOCIATED LABORATORIES LIMITED

Abbreviated Accounts

31 March 2016

ASSOCIATED LABORATORIES LIMITED Registered Number 05272224

Abbreviated Balance Sheet as at 31 March 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 32,783 58,531
32,783 58,531
Current assets
Debtors 131,667 144,028
Cash at bank and in hand 329,434 263,487
461,101 407,515
Creditors: amounts falling due within one year (61,042) (63,207)
Net current assets (liabilities) 400,059 344,308
Total assets less current liabilities 432,842 402,839
Total net assets (liabilities) 432,842 402,839
Capital and reserves
Called up share capital 3 3 3
Profit and loss account 432,839 402,836
Shareholders' funds 432,842 402,839
  • For the year ending 31 March 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 7 December 2016

And signed on their behalf by:
B FLOOD, Director
DIRECTOR, Director

ASSOCIATED LABORATORIES LIMITED Registered Number 05272224

Notes to the Abbreviated Accounts for the period ended 31 March 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the value of goods provided to customers and work carried out in respect of
services provided to customers.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their
estimated useful lives.
Plant and machinery 20% straight line
Motor vehicles 25% straight line
Fixtures & Fittings 20% straight line
Computer Equipment 25% straight line

Intangible assets amortisation policy
Goodwill is being written off in equal annual instalments over its estimated economic life of 5
years.

Other accounting policies
Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction.
Foreign Currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rate of
exchange ruling at the balance sheet date. All differences are taken to the profit and loss
account.

2Tangible fixed assets
£
Cost
At 1 April 2015 192,859
Additions 979
Disposals (3,889)
Revaluations -
Transfers -
At 31 March 2016 189,949
Depreciation
At 1 April 2015 134,328
Charge for the year 26,346
On disposals (3,508)
At 31 March 2016 157,166
Net book values
At 31 March 2016 32,783
At 31 March 2015 58,531
3Called Up Share Capital
Allotted, called up and fully paid:
2016
£		 2015
£
3 A Ordinary shares of £1 each 3 3

4Transactions with directors

Name of director receiving advance or credit: J Daniels
Description of the transaction: Loan
Balance at 1 April 2015: £ 0
Advances or credits made: £ 2,233
Advances or credits repaid: -
Balance at 31 March 2016: £ 2,233

A loan was made to director J Daniels. The loan is interest free and payable on demand. The
loan was repaid within 9 months of the year end.