A_J_HILL_ELECTRONICS_LTD - Accounts

AJHILL LIMITED - Company Information

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Company Registration No. 00976035 (England and Wales)

A J HILL ELECTRONICS LTD

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2016

A J HILL ELECTRONICS LTD

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

A J HILL ELECTRONICS LTD

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

8,690

7,979

Current assets

Stocks

13,500

19,000

Debtors

153

Cash at bank and in hand

2,098

6,395

15,751

25,548

Creditors: amounts falling due within one year

(35,040)

(33,048)

Net current liabilities

(19,289)

(7,500)

Total assets less current liabilities

(10,599)

479

Capital and reserves

Called up share capital

100

Profit and loss account

(10,699)

379

Shareholders' funds

(10,599)

479

For the financial year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 17 March 2017

Ms L J Murray

Director

Company Registration No. 00976035

A J HILL ELECTRONICS LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Turnover

Turnover represents amounts receivable for sale of electronic goods net of VAT and trade discounts.

1.3

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Computer equipment

33% straight line method

Fixtures, fittings & equipment

15% reducing balance method

Motor vehicles

15% reducing balance method

1.4

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Fixed assets

Tangible assets

Cost

At 1 April 2015

26,188

Additions

3,184

At 31 March 2016

29,372

Depreciation

At 1 April 2015

18,209

Charge for the year

2,473

At 31 March 2016

20,682

Net book value

At 31 March 2016

8,690

At 31 March 2015

7,979

A J HILL ELECTRONICS LTD

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2016

- 3 -

Share capital

2016

2015

Allotted, called up and fully paid

100 Ordinary shaes of £1 each

100