AYRTON_BESPOKE_LIMITED - Accounts

AYRTON BESPOKE LIMITED - Company Information

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Company Registration No. 02235366 (England and Wales)

AYRTON BESPOKE LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2016

AYRTON BESPOKE LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 5

AYRTON BESPOKE LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

140,411

89,459

Current assets

Debtors

1,583,540

827,065

Investments

150,000

100,000

Cash at bank and in hand

239,290

452,325

1,972,830

1,379,390

Creditors: amounts falling due within one year

(2,162,004)

(1,377,240)

Net current liabilities/(assets)

(189,174)

2,150

Total assets less current liabilities

(48,763)

91,609

Creditors: amounts falling due after more than one year

(28,148)

(23,702)

Provisions for liabilities

(25,711)

(17,892)

(102,622)

50,015

Capital and reserves

Called up share capital

2,160

110

Profit and loss account

(104,782)

49,905

Shareholder's funds

(102,622)

50,015

AYRTON BESPOKE LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 MARCH 2016

- 2 -

For the financial year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 13 December 2016

Mr R J Ditcham

Director

Company Registration No. 02235366

AYRTON BESPOKE LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

- 3 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Advanced payments received during the year for services to be carried out in later financial years are not reflected in profit and loss account. The amounts have been deferred to the financial year in which the services have been carried out and reported as deferred income. Deferred income is included in creditors.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Land and buildings Leasehold

straight line over lease term of 10 years

Plant and machinery

20% Reducing balance

Computer equipment

33% Reducing balance

Fixtures, fittings & equipment

25% Reducing balance

Motor vehicles

20% Reducing balance

1.5

Leasing and hire purchase commitments

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

1.6

Investments

Current asset investments are stated at the lower of cost and net realisable value.

1.7

Pensions

The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable.

1.8

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

AYRTON BESPOKE LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2016

Accounting policies

(Continued)

- 4 -

1.9

Foreign currency translation

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to the profit and loss account.

Fixed assets

Tangible assets

Cost

At 1 April 2015

154,946

Additions

95,139

Disposals

(22,049)

At 31 March 2016

228,036

Depreciation

At 1 April 2015

65,487

On disposals

(18,239)

Charge for the year

40,377

At 31 March 2016

87,625

Net book value

At 31 March 2016

140,411

At 31 March 2015

89,459

Debtors

Debtors include an amount of £5,000 (2015 - £-) which is due after more than one year.

AYRTON BESPOKE LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2016

- 5 -

Share capital

2016

2015

Allotted, called up and fully paid

1,680 Ordinary shares of £1 each

1,680

100

240 Ordinary A shares of £1 each

240

240 Ordinary B shares of £1 each

240

2,160

110

During the year there was a bonus issue of 1,580 Ordinary £1 shares, 235 Ordinary A £1 shares and 235 Ordinary B £1 shares at par. The company had sufficient reserves at the time of the bonus issue.

The shares rank pari passu in all respects.