Company Registration No. 555212 (England and Wales)
AULTON & BUTLER LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2016
AULTON & BUTLER LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
AULTON & BUTLER LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 OCTOBER 2016
31 October 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
261
315
Current assets
Stocks
9,681
10,135
Debtors
40,600
36,327
Cash at bank and in hand
31,536
23,956
81,817
70,418
Creditors: amounts falling due within one year
(24,703)
(12,011)
Net current assets
57,114
58,407
Total assets less current liabilities
57,375
58,722
Capital and reserves
Called up share capital
3
500
500
Other reserves
500
500
Profit and loss account
56,375
57,722
Shareholders' funds
57,375
58,722
For the financial year ended 31 October 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 members have 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 10 February 2017
Mr K Aulton
Director
Company Registration No. 555212
AULTON & BUTLER LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 OCTOBER 2016
- 2 -
1
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.
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:
Plant and machinery
20% reducing balance
Fixtures, fittings & equipment
15% reducing balance
2
Fixed assets
Tangible assets
£
Cost
At 1 November 2015 & at 31 October 2016
46,023
Depreciation
At 1 November 2015
45,708
Charge for the year
54
At 31 October 2016
45,762
Net book value
At 31 October 2016
261
At 31 October 2015
315
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
500 Ordinary shares of £1 each
500
500
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