Allied Cables Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 02201540 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 July 2016

for

Allied Cables Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mrs G Taylor

O J Taylor

Mrs L J Coddington

SECRETARY:

Mrs G Taylor

REGISTERED OFFICE:

Allied Works

Liverpool Road

Warrington

Cheshire

WA5 1AP

REGISTERED NUMBER:

02201540 (England and Wales)

ACCOUNTANTS:

Voisey & Co

Chartered Accountants

8 Winmarleigh Street

Warrington

Cheshire

WA1 1JW

FIXED ASSETS

Tangible assets

2

7,825

9,174

CURRENT ASSETS

Stocks

430,833

402,101

Debtors

687,449

585,400

Cash at bank and in hand

621,038

416,192

1,739,320

1,403,693

CREDITORS

Amounts falling due within one year

(1,026,805

)

(816,638

)

NET CURRENT ASSETS

712,515

587,055

TOTAL ASSETS LESS CURRENT
LIABILITIES

720,340

596,229

PROVISIONS FOR LIABILITIES

(1,090

)

(1,256

)

NET ASSETS

719,250

594,973

CAPITAL AND RESERVES

Called up share capital

3

15,000

Share premium

195,000

Profit and loss account

509,250

384,973

SHAREHOLDERS' FUNDS

719,250

594,973

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 8 February 2017 and were signed on its behalf
by:

Mrs G Taylor - 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, except in respect of service

contracts where turnover is recognised when the company obtains the right to consideration.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

15% on cost

Motor vehicles

-

20% 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.

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 August 2015

104,990

Additions

994

At 31 July 2016

105,984

DEPRECIATION

At 1 August 2015

95,816

Charge for year

2,343

At 31 July 2016

98,159

NET BOOK VALUE

At 31 July 2016

7,825

At 31 July 2015

9,174

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.16

31.7.15

value:

£

5,000

Ordinary

£1

4,500

3,000

B Ordinary

£1

3,000

C Ordinary

£1

3,000

4,000

A Ordinary

£1

4,500

15,000

All classes of shares carry the following rights:-

- Each share is entitled to one vote in any circumstance

- Each share is entitled to dividends at the discretion of the directors.

- Each share is entitled to participate in a distribution arising from a winding up of the company.