Abbreviated Company Accounts - APTITECH LIMITED

Registered Number 02281833

APTITECH LIMITED

Abbreviated Accounts

30 September 2016

APTITECH LIMITED Registered Number 02281833

Abbreviated Balance Sheet as at 30 September 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	110,314	123,769
Investments	3	60,000	60,000
		170,314	183,769
Current assets
Stocks		59,395	56,009
Debtors		109,495	202,434
Cash at bank and in hand		296,962	305,175
		465,852	563,618
Creditors: amounts falling due within one year		(510,995)	(566,146)
Net current assets (liabilities)		(45,143)	(2,528)
Total assets less current liabilities		125,171	181,241
Total net assets (liabilities)		125,171	181,241
Capital and reserves
Called up share capital		10,000	10,000
Share premium account		71,667	71,667
Other reserves		3,333	3,333
Profit and loss account		40,171	96,241
Shareholders' funds		125,171	181,241

For the year ending 30 September 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 8 February 2017

And signed on their behalf by:
Mr J Fletcher, Director

APTITECH LIMITED Registered Number 02281833

Notes to the Abbreviated Accounts for the period ended 30 September 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover policy
Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant and machinery - 25% reducing balance
Motor vehicles - 25% reducing balance
Fixtures and fittings - 25% reducing balance
Office equipment - 25% reducing balance

Other accounting policies
Investments
Investments held as fixed assets are shown at cost less provision for impairment.

Leasing and hire purchase
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the Profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Operating leases
Rentals under operating leases are charged to the Profit and loss account on a straight line basis over the lease term.
Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight line basis over the period until the date the rent is expected to be adjusted to the prevailing market rate.

Stocks and work in progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

2Tangible fixed assets

	£
Cost
At 1 October 2015	370,430
Additions	23,315
Disposals	-
Revaluations	-
Transfers	-
At 30 September 2016	393,745
Depreciation
At 1 October 2015	246,661
Charge for the year	36,770
On disposals	-
At 30 September 2016	283,431
Net book values
At 30 September 2016	110,314
At 30 September 2015	123,769

3Fixed assets Investments
At 1 October 2015 and 30 September 2016 - £60,000