Allied Conductors Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 08233285 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 September 2016

for

Allied Conductors Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

H Taylor

H D Sleeman

K Witthinrich

REGISTERED OFFICE:

8 Winmarleigh Street

Warrington

Cheshire

WA1 1JW

REGISTERED NUMBER:

08233285 (England and Wales)

ACCOUNTANTS:

Voisey & Co

Chartered Accountants

8 Winmarleigh Street

Warrington

Cheshire

WA1 1JW

FIXED ASSETS

Tangible assets

2

4,553

6,180

CURRENT ASSETS

Stocks

157,186

135,077

Debtors

190,297

450,346

Cash at bank

279,757

73,779

627,240

659,202

CREDITORS

Amounts falling due within one year

(487,121

)

(497,087

)

NET CURRENT ASSETS

140,119

162,115

TOTAL ASSETS LESS CURRENT
LIABILITIES

144,672

168,295

PROVISIONS FOR LIABILITIES

(911

)

(1,236

)

NET ASSETS

143,761

167,059

CAPITAL AND RESERVES

Called up share capital

3

1,000

Profit and loss account

142,761

166,059

SHAREHOLDERS' FUNDS

143,761

167,059

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 14 March 2017 and were signed on its behalf by:

H D Sleeman - Director

H 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

Revenue from the sale of goods shall be recognised when all the following conditions have been satisfied:

- the entity has transferred to the buyer the significant risks and rewards of ownership of the goods;

- the entity retains neither continuing managerial involvement to the degree usually associated with ownership

nor effective control over the goods sold;

- the amount of revenue can be measured reliably;

- it is probable that the economic benefits associated with the transaction will flow to the entity;

- the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from the sale of goods is generally recognised when they are handed over to the transport firms

which, under the terms of current contracts, mark the time when the above risks and rewards are transferred.

Revenue is not recognised if its recoverability is considered to be uncertain.

Revenue is stated net of discounts, allowances, rebates and returns, and does not include the proceeds from the

disposal of raw materials and scrap.

Revenue includes also minor cost connected with the sales process, such as certification ,recoveries of cost of

transport, packaging, insurances etc

Revenue for services rendered is recorded in the profit & loss when the service has been provided to the

customer.

Tangible fixed assets

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

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 October 2015

and 30 September 2016

9,256

DEPRECIATION

At 1 October 2015

3,076

Charge for year

1,627

At 30 September 2016

4,703

NET BOOK VALUE

At 30 September 2016

4,553

At 30 September 2015

6,180

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.16

30.9.15

value:

£

1,000

Ordinary

£1

1,000

4.	ULTIMATE CONTROLLING PARTY

The controlling party is K Witthinrich.