Abbreviated Company Accounts - ADVANCED COLOR TECHNOLOGY LIMITED

ADVANCED COLOR TECHNOLOGY LIMITED - Company Information

06836815 ADVANCED COLOR TECHNOLOGY LIMITED 2015-07-31 false 2015-04-01 2015-07-31 true 06836815 2015-04-01 2015-07-31 06836815 2015-07-31 06836815 2015-03-31 06836815 uk-gaap-cd-bus:Director1 2015-04-01 2015-07-31 06836815 uk-gaap-cd-bus:Director2 2015-04-01 2015-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-04-01 2015-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 iso4217:GBP shares

Registered Number 06836815

ADVANCED COLOR TECHNOLOGY LIMITED

Abbreviated Accounts

31 July 2015

ADVANCED COLOR TECHNOLOGY LIMITED Registered Number 06836815

Abbreviated Balance Sheet as at 31 July 2015

	Notes	31/07/2015	31/03/2015
		£	£
Fixed assets
Tangible assets	2	982	1,071
		982	1,071
Current assets
Debtors		31,525	32,311
Cash at bank and in hand		3,392	-
		34,917	32,311
Creditors: amounts falling due within one year		(75,519)	(70,772)
Net current assets (liabilities)		(40,602)	(38,461)
Total assets less current liabilities		(39,620)	(37,390)
Total net assets (liabilities)		(39,620)	(37,390)
Capital and reserves
Called up share capital	3	1,000	1,000
Profit and loss account		(40,620)	(38,390)
Shareholders' funds		(39,620)	(37,390)

For the year ending 31 July 2015 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 22 March 2017

And signed on their behalf by:
Mr R B Knox, Director

ADVANCED COLOR TECHNOLOGY LIMITED Registered Number 06836815

Notes to the Abbreviated Accounts for the period ended 31 July 2015

1Accounting Policies

Basis of measurement and preparation of accounts
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 policy
Turnover comprises revenue recognised by the company in respect of goods and services supplied during the period, 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:

Office Equipment - 25% Reducing Balance

Other accounting policies
Going Concern
The financial statements have been prepared on the going concern basis which assumes that the company will continue in operational existence for the foreseeable future.

The validity of this assumption depends on the continuing support from the company's shareholders and creditors and the ability to have sufficient working capital in the foreseeable future.

The directors are not aware of any reason why the support from the company's shareholders and creditors will not be continued. The continuation of this support is critical to the company's ability to meet its liabilities as they fall due.

Should the going concern basis of preparation of the financial statements be found to be inappropriate adjustments may have to be made to reduce the value of assets to their recoverable amount, to provide further liabilities that might arise and to reclassify fixed assets and long term liabilities as current assets and liabilities respectively, the adjustments would effect the profit and loss account. It is not practical to quantify these potential adjustments which are not included in these financial statements.

2Tangible fixed assets

	£
Cost
At 1 April 2015	5,067
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 July 2015	5,067
Depreciation
At 1 April 2015	3,996
Charge for the year	89
On disposals	-
At 31 July 2015	4,085
Net book values
At 31 July 2015	982
At 31 March 2015	1,071

3Called Up Share Capital
Allotted, called up and fully paid:

	31/07/2015 £	31/03/2015 £
1,000 Ordinary shares of £1 each	1,000	1,000

Allotted, called up and fully paid