Abbreviated Company Accounts - THE AYRES DESIGN COMPANY LTD

Abbreviated Company Accounts - THE AYRES DESIGN COMPANY LTD

THE AYRES DESIGN COMPANY LTD - Company Information

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Registered Number 08371072

THE AYRES DESIGN COMPANY LTD

Abbreviated Accounts

31 January 2014

THE AYRES DESIGN COMPANY LTD Registered Number 08371072

Abbreviated Balance Sheet as at 31 January 2014

Notes 2014
£
Fixed assets
Tangible assets 2 316
316
Current assets
Debtors 19,316
Cash at bank and in hand 49,365
68,681
Creditors: amounts falling due within one year (33,058)
Net current assets (liabilities) 35,623
Total assets less current liabilities 35,939
Total net assets (liabilities) 35,939
Capital and reserves
Called up share capital 100
Profit and loss account 35,839
Shareholders' funds 35,939
  • For the year ending 31 January 2014 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 21 October 2014

And signed on their behalf by:
David Ayres, Director
Ekaterini Iereidou Ayres, Director

THE AYRES DESIGN COMPANY LTD Registered Number 08371072

Notes to the Abbreviated Accounts for the period ended 31 January 2014

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

Tangible assets depreciation policy
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:
Computer equipment: 25% reducing balance
Fixtures, fittings & equipment: 25% reducing balance

2Tangible fixed assets
£
Cost
Additions 421
Disposals -
Revaluations -
Transfers -
At 31 January 2014 421
Depreciation
Charge for the year 105
On disposals -
At 31 January 2014 105
Net book values
At 31 January 2014 316