Atlantic Bridge Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 03102076 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 April 2016

for

Atlantic Bridge Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mr P H Wicks

SECRETARY:

Mrs D J Wicks

REGISTERED OFFICE:

Atlantic House

19 Willowside

Woodley

Reading

Berkshire

RG5 4HJ

REGISTERED NUMBER:

03102076 (England and Wales)

ACCOUNTANTS:

Knox & Eames Chartered Accountants

The Business Centre

Greys Green Farm

Rotherfield Greys

Henley-on-Thames

Oxfordshire

RG9 4QG

FIXED ASSETS

Intangible assets

2

58,300

63,600

Tangible assets

3

22,453

5,919

80,753

69,519

CURRENT ASSETS

Debtors

13,269

14,229

Cash at bank

61,050

49,701

74,319

63,930

CREDITORS

Amounts falling due within one year

29,130

25,308

NET CURRENT ASSETS

45,189

38,622

TOTAL ASSETS LESS CURRENT LIABILITIES

125,942

108,141

CAPITAL AND RESERVES

Called up share capital

4

282

Profit and loss account

125,660

107,859

SHAREHOLDERS' FUNDS

125,942

108,141

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 14 December 2016 and were signed by:

Mr P H Wicks - 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 services, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of fifteen years.

Tangible fixed assets

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

Plant and machinery etc

-

25% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2015

and 30 April 2016

79,500

AMORTISATION

At 1 May 2015

15,900

Amortisation for year

5,300

At 30 April 2016

21,200

NET BOOK VALUE

At 30 April 2016

58,300

At 30 April 2015

63,600

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2015

29,565

Additions

29,740

Disposals

(21,995

)

At 30 April 2016

37,310

DEPRECIATION

At 1 May 2015

23,646

Charge for year

7,708

Eliminated on disposal

(16,497

)

At 30 April 2016

14,857

NET BOOK VALUE

At 30 April 2016

22,453

At 30 April 2015

5,919

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

82

Ordinary "A" Shares

£1

82

100

Ordinary "B" Shares

£1

100

Ordinary "C" shares

£1

100

282