Altomart Limited - Abbreviated accounts 16.3
Altomart Limited - Abbreviated accounts 16.3
| REGISTERED NUMBER: |
| Abbreviated Unaudited Accounts for the Year Ended 31 March 2016 |
| for |
| Altomart Limited |
| Altomart Limited (Registered number: 02674658) |
| Contents of the Abbreviated Accounts |
| for the Year Ended 31 March 2016 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 3 |
| Altomart Limited |
| Company Information |
| for the Year Ended 31 March 2016 |
| DIRECTOR: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANT: |
| Altomart Limited (Registered number: 02674658) |
| Abbreviated Balance Sheet |
| 31 March 2016 |
| 31.3.16 | 31.3.15 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| Investments | 3 |
| Investment property | 4 |
| CURRENT ASSETS |
| Stocks |
| Debtors |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 5 |
| NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital | 6 |
| Revaluation reserve |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| 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 financial statements were approved by the director on |
| Altomart Limited (Registered number: 02674658) |
| Notes to the Abbreviated Accounts |
| for the Year Ended 31 March 2016 |
| 1. | ACCOUNTING POLICIES |
| Preparation of consolidated financial statements |
| The company and its subsidiary undertaking comprise a small group. The company has taken advantage of the |
| exemption provided by s.398 of the Companies Act 206 not to prepare group accounts. The financial statements |
| therefore present information about the company as an individual undertakings and not about its group. |
| As permitted by FRS8, transaction between group companies have not been disclosed. |
| Accounting convention |
| The financial statements have been prepared under the historical cost convention as modified by the revaluation |
| of certain assets. |
| Financial reporting standard number 1 |
| Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a |
| small company. |
| Tangible fixed assets |
| Short leasehold | - |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Office equipment | - |
| Investment property |
| Investment properties are included in the balance sheet at their open market value. Depreciation is provided only |
| on those investment properties which are leasehold and where the unexpired lease term is less than 20 years. |
| Although this accounting policy is in accordance with the applicable accounting standard, SSAP 19, accounting |
| for investment properties, It is a departure from the general requirement of the companies Act 2006 for all |
| tangible assets to be depreciated. In the opinion of the director compliance with the standard is necessary for the |
| financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors |
| reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be |
| separately identified or quantified |
| 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. |
| Foreign currencies |
| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the |
| balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at |
| the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
| Altomart Limited (Registered number: 02674658) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 31 March 2016 |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 April 2015 |
| Additions |
| At 31 March 2016 |
| DEPRECIATION |
| At 1 April 2015 |
| Charge for year |
| At 31 March 2016 |
| NET BOOK VALUE |
| At 31 March 2016 |
| At 31 March 2015 |
| 3. | FIXED ASSET INVESTMENTS |
| Investments |
| other |
| than |
| loans |
| £ |
| COST |
| At 1 April 2015 |
| and 31 March 2016 | 11 |
| NET BOOK VALUE |
| At 31 March 2016 |
| At 31 March 2015 |
| The company's investments at the Balance Sheet date in the share capital of companies include the following: |
| Country of incorporation: Jersey |
| Nature of business: |
| % |
| Class of shares: | holding |
| Ordinary | 100.00 |
| Altomart Limited (Registered number: 02674658) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 31 March 2016 |
| 4. | INVESTMENT PROPERTY |
| Total |
| £ |
| COST OR VALUATION |
| At 1 April 2015 |
| Additions |
| Revaluations |
| At 31 March 2016 |
| DEPRECIATION |
| At 1 April 2015 |
| Revaluation adjustments | ( |
) |
| At 31 March 2016 |
| NET BOOK VALUE |
| At 31 March 2016 |
| At 31 March 2015 |
| 5. | CREDITORS |
| Creditors include an amount of £ |
| 6. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31.3.16 | 31.3.15 |
| value: | £ | £ |
| Ordinary | £1 |
| 7. | RELATED PARTY DISCLOSURES |