Abbreviated Company Accounts - ATLAS REFURBISHMENT (NORTHERN) LIMITED

ATLAS REFURBISHMENT (NORTHERN) LIMITED - Company Information

03403426 ATLAS REFURBISHMENT (NORTHERN) LIMITED 2016-03-31 false 2015-04-01 2016-03-31 true 03403426 2015-04-01 2016-03-31 03403426 2016-03-31 03403426 2015-03-31 03403426 uk-gaap-cd-bus:Director1 2015-04-01 2016-03-31 03403426 uk-gaap-cd-bus:Director2 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 iso4217:GBP shares

Registered Number 03403426

ATLAS REFURBISHMENT (NORTHERN) LIMITED

Abbreviated Accounts

31 March 2016

ATLAS REFURBISHMENT (NORTHERN) LIMITED Registered Number 03403426

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	100,930	138,545
		100,930	138,545
Current assets
Stocks		398,912	118,463
Debtors		736,316	1,343,324
Cash at bank and in hand		806,239	575,437
		1,941,467	2,037,224
Creditors: amounts falling due within one year		(894,800)	(1,079,306)
Net current assets (liabilities)		1,046,667	957,918
Total assets less current liabilities		1,147,597	1,096,463
Total net assets (liabilities)		1,147,597	1,096,463
Capital and reserves
Called up share capital	3	1,100	1,100
Profit and loss account		1,146,497	1,095,363
Shareholders' funds		1,147,597	1,096,463

For the year ending 31 March 2016 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 23 December 2016

And signed on their behalf by:
R Guest, Director

ATLAS REFURBISHMENT (NORTHERN) LIMITED Registered Number 03403426

Notes to the Abbreviated Accounts for the period ended 31 March 2016

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 January 2015.

Turnover policy
Turnover represents net invoiced sales of goods, excluding value added tax, except in respect of service contracts where turnover is recognised when the company obtains the right to consideration.

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to leasehold premises - 10% on reducing balance
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stock are valued at the lower cost and net realisable value, after making due allowance for obsolete and slow moving items. Work in progress is valued at cost plus the appropriate proportion of relevant overheads.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

2Tangible fixed assets

	£
Cost
At 1 April 2015	344,620
Additions	-
Disposals	(37,042)
Revaluations	-
Transfers	-
At 31 March 2016	307,578
Depreciation
At 1 April 2015	206,075
Charge for the year	22,634
On disposals	(22,061)
At 31 March 2016	206,648
Net book values
At 31 March 2016	100,930
At 31 March 2015	138,545

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
1,100 Ordinary shares of £1 each	1,100	1,100