Action Resource Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 06084070 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2016

for

Action Resource Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Mr A Richards

SECRETARY:

Mr G R Taylor

REGISTERED OFFICE:

The Millennium Centre

Corporation Street

ST HELENS

Merseyside

WA10 1HJ

REGISTERED NUMBER:

06084070 (England and Wales)

ACCOUNTANTS:

GR Taylor & Co Accountants

54-56 Ormskirk Street

ST HELENS

Merseyside

WA10 2TF

FIXED ASSETS

Tangible assets

2

944

1,258

CURRENT ASSETS

Stocks

38,783

33,312

Debtors

1,000

Cash in hand

5,376

3,742

45,159

38,054

CREDITORS

Amounts falling due within one year

16,100

14,099

NET CURRENT ASSETS

29,059

23,955

TOTAL ASSETS LESS CURRENT
LIABILITIES

30,003

25,213

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

29,903

25,113

SHAREHOLDERS' FUNDS

30,003

25,213

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 22 December 2016 and were signed by:

Mr A Richards - 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.

Office equipment

-

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.

Deferred tax

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

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 March 2016

5,764

DEPRECIATION

At 1 April 2015

4,506

Charge for year

314

At 31 March 2016

4,820

NET BOOK VALUE

At 31 March 2016

944

At 31 March 2015

1,258

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

100

Ordinary

£1

100