Abbreviated Company Accounts - ATOM SCIENTIFIC LTD

Abbreviated Company Accounts - ATOM SCIENTIFIC LTD

ATOM SCIENTIFIC LTD - Company Information

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Registered Number 07250030

ATOM SCIENTIFIC LTD

Abbreviated Accounts

30 May 2016

ATOM SCIENTIFIC LTD Registered Number 07250030

Abbreviated Balance Sheet as at 30 May 2016

Notes 2016 2015
£ £
Fixed assets
Intangible assets 2 44,371 47,158
Tangible assets 3 128,448 131,610
172,819 178,768
Current assets
Stocks 201,393 218,731
Debtors 50,283 73,135
Cash at bank and in hand 24,683 2,204
276,359 294,070
Prepayments and accrued income 33,720 23,944
Creditors: amounts falling due within one year (510,416) (452,676)
Net current assets (liabilities) (200,337) (134,662)
Total assets less current liabilities (27,518) 44,106
Creditors: amounts falling due after more than one year (77,642) (41,161)
Accruals and deferred income (18,615) (290)
Total net assets (liabilities) (123,775) 2,655
Capital and reserves
Called up share capital 100 100
Share premium account - 59,756
Profit and loss account (123,875) (57,201)
Shareholders' funds (123,775) 2,655
  • For the year ending 30 May 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 28 February 2017

And signed on their behalf by:
Peter Keenan, Director
Karl Brown, Director

ATOM SCIENTIFIC LTD Registered Number 07250030

Notes to the Abbreviated Accounts for the period ended 30 May 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 April 2008.

2Intangible fixed assets
£
Cost
At 31 May 2015 55,751
Additions -
Disposals -
Revaluations -
Transfers -
At 30 May 2016 55,751
Amortisation
At 31 May 2015 8,593
Charge for the year 2,787
On disposals -
At 30 May 2016 11,380
Net book values
At 30 May 2016 44,371
At 30 May 2015 47,158
3Tangible fixed assets
£
Cost
At 31 May 2015 250,376
Additions 34,240
Disposals (26,950)
Revaluations -
Transfers -
At 30 May 2016 257,666
Depreciation
At 31 May 2015 118,766
Charge for the year 31,408
On disposals (20,956)
At 30 May 2016 129,218
Net book values
At 30 May 2016 128,448
At 30 May 2015 131,610