Apposing Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 07329265 (England and Wales)

Abbreviated Accounts for the Year Ended 31 May 2016

for

Apposing Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

D Brown

REGISTERED OFFICE:

Hanover Buildings

11-13 Hanover Street

Liverpool

CL1 3DN

REGISTERED NUMBER:

07329265 (England and Wales)

ACCOUNTANTS:

Richard Smedley Limited

Chartered Accountants & Registered Auditors

Oakford House

291 Low Lane

Horsforth

Leeds

West Yorkshire

LS18 5NU

FIXED ASSETS

Tangible assets

2

4,447

5,929

CURRENT ASSETS

Stocks

-

29,200

Debtors

-

41,086

Cash at bank

-

56,989

-

127,275

CREDITORS

Amounts falling due within one year

11,026

94,068

NET CURRENT (LIABILITIES)/ASSETS

(11,026

)

33,207

TOTAL ASSETS LESS CURRENT
LIABILITIES

(6,579

)

39,136

PROVISIONS FOR LIABILITIES

889

1,414

NET (LIABILITIES)/ASSETS

(7,468

)

37,722

CAPITAL AND RESERVES

Called up share capital

3

1

Profit and loss account

(7,469

)

37,721

SHAREHOLDERS' FUNDS

(7,468

)

37,722

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 3 February 2017 and were signed by:

D Brown - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The balance sheet shows negative shareholders funds. The director considers the company to be a

going concern due to continuing support of the bank.

The dividends paid were based on the profits of the management accounts supplied to the director, at

which point the management accounts showed sufficient profits to vote the dividends. Therefore at

the time the dividends were paid they were legal dividends.

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).

The balance sheet shows negative shareholder`s funds. The director considers the company to be a

going concern due to continuing support of its bank.

Turnover

Turnover represents the amount invoiced during the year on an accruals basis, exclusive of value

added tax, and is derived from the ordinary activities of the company.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Computer equipment

-

25% on cost

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.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2015

and 31 May 2016

13,755

DEPRECIATION

At 1 June 2015

7,826

Charge for year

1,482

At 31 May 2016

9,308

NET BOOK VALUE

At 31 May 2016

4,447

At 31 May 2015

5,929

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.16

31.5.15

value:

£

1

Ordinary

£1

1

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2016 and

31 May 2015:

31.5.16

31.5.15

£

D Brown

Balance outstanding at start of year

(475

)

-

Amounts repaid

-

(475

)

Balance outstanding at end of year

(475

)

(475

)