The Automation Clinic Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 06529948

Abbreviated Accounts

for the Year Ended 30 November 2016

for

The Automation Clinic Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

S B Love

Mrs M L Love

SECRETARY:

Mrs M L Love

REGISTERED OFFICE:

Unit 17, Indus Acre

Avro Way

Bowerhill Industrial Estate

Melksham

Wiltshire

SN12 6TP

REGISTERED NUMBER:

06529948

ACCOUNTANTS:

Mander Duffill

Chartered Accountants

65 St Mary Street

Chippenham

Wiltshire

SN15 3JF

FIXED ASSETS

Tangible assets

2

14,805

11,106

CURRENT ASSETS

Stocks

4,600

4,200

Debtors

212,518

101,295

Cash at bank

219,028

24,049

436,146

129,544

CREDITORS

Amounts falling due within one year

221,116

93,198

NET CURRENT ASSETS

215,030

36,346

TOTAL ASSETS LESS CURRENT
LIABILITIES

229,835

47,452

PROVISIONS FOR LIABILITIES

2,813

2,221

NET ASSETS

227,022

45,231

CAPITAL AND RESERVES

Called up share capital

3

200

100

Profit and loss account

226,822

45,131

SHAREHOLDERS' FUNDS

227,022

45,231

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 21 February 2017 and were signed on
its behalf by:

S B Love - 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.

Plant and machinery

-

25% on reducing balance

Furniture, fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

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.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to the profit and loss account in the period to which they

relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2015

32,298

Additions

9,694

Disposals

(7,883

)

At 30 November 2016

34,109

DEPRECIATION

At 1 December 2015

21,192

Charge for year

5,639

Eliminated on disposal

(7,527

)

At 30 November 2016

19,304

NET BOOK VALUE

At 30 November 2016

14,805

At 30 November 2015

11,106

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.16

30.11.15

value:

£

140

Ordinary A

£1

140

80

40

Ordinary B

£1

40

20

Ordinary C

£1

20

-

200

100

The following shares were issued during the year for cash at par :

60 Ordinary A shares of £1

20 Ordinary B shares of £1

20 Ordinary C shares of £1