ACOUSTIC DRYLINE LTD - Abbreviated accounts 16.3

REGISTERED NUMBER: 08522112 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 May 2016

for

ACOUSTIC DRYLINE LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Chartered Accountants' Report

5

DIRECTOR:

C L Lougher

REGISTERED OFFICE:

The Mews

Hounds Road

Chipping Sodbury

Bristol

BS37 6EE

REGISTERED NUMBER:

08522112 (England and Wales)

ACCOUNTANTS:

Derek J Stenner Ltd

The Mews

Hounds Road

Chipping Sodbury

Bristol

BS37 6EE

FIXED ASSETS

Tangible assets

2

7,066

9,421

CURRENT ASSETS

Debtors

5,393

12,308

Cash at bank

189

2,449

5,582

14,757

CREDITORS

Amounts falling due within one year

6,681

15,714

NET CURRENT LIABILITIES

(1,099

)

(957

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

5,967

8,464

CREDITORS

Amounts falling due after more than one
year

(2,500

)

(4,500

)

PROVISIONS FOR LIABILITIES

(1,413

)

(1,884

)

NET ASSETS

2,054

2,080

CAPITAL AND RESERVES

Called up share capital

3

1

Profit and loss account

2,053

2,079

SHAREHOLDERS' FUNDS

2,054

2,080

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 30 January 2017 and were signed by:

C L Lougher - 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Motor vehicles

-

25% on reducing balance

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2015

and 31 May 2016

13,250

DEPRECIATION

At 1 June 2015

3,829

Charge for year

2,355

At 31 May 2016

6,184

NET BOOK VALUE

At 31 May 2016

7,066

At 31 May 2015

9,421

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

1

Ordinary

£1

1

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to four)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of ACOUSTIC DRYLINE LTD for the year ended 31 May 2016 which comprise the Profit and

Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and

explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of ACOUSTIC DRYLINE LTD in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of ACOUSTIC DRYLINE LTD and state those matters that we have agreed to state to the director of ACOUSTIC DRYLINE LTD in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than ACOUSTIC DRYLINE LTD director for our work or for this report.

It is your duty to ensure that ACOUSTIC DRYLINE LTD has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of ACOUSTIC DRYLINE LTD. You consider that ACOUSTIC DRYLINE LTD is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of ACOUSTIC DRYLINE LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Derek J Stenner Ltd

The Mews

Hounds Road

Chipping Sodbury

Bristol

BS37 6EE

30 January 2017