Aurora Electronics (UK) Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 03826824 (England and Wales)

AURORA ELECTRONICS (UK) LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 OCTOBER 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

A J Cummings

R P Kinch

Mrs J K Kinch

SECRETARY:

Mrs J K Kinch

REGISTERED OFFICE:

Unit 2 Shires Industrial Estate

Essington Close

Lichfield

Staffordshire

WS14 9AZ

REGISTERED NUMBER:

03826824 (England and Wales)

FIXED ASSETS

Tangible assets

2

2,172

2,099

CURRENT ASSETS

Stocks

172,691

306,686

Debtors

297,521

218,926

Cash at bank and in hand

209,687

205,276

679,899

730,888

CREDITORS

Amounts falling due within one year

154,654

205,425

NET CURRENT ASSETS

525,245

525,463

TOTAL ASSETS LESS CURRENT
LIABILITIES

527,417

527,562

CREDITORS

Amounts falling due after more than one
year

(80,000

)

(80,000

)

PROVISIONS FOR LIABILITIES

(317

)

(281

)

NET ASSETS

447,100

447,281

CAPITAL AND RESERVES

Called up share capital

3

10,000

Profit and loss account

437,100

437,281

SHAREHOLDERS' FUNDS

447,100

447,281

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 27 March 2017 and were signed on its behalf by:

R P Kinch - Director

Mrs J K Kinch - 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.

Tangible fixed assets

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

Plant and machinery

-

25% on straight line

Fixtures and fittings

-

25% on straight line

Computer equipment

-

25% on straight line

Stocks

Stocks are stated at the lower of costs and net realisable value. Cost includes all direct costs incurred in bringing

the stocks to their present location and condition.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2015

15,210

Additions

1,530

At 31 October 2016

16,740

DEPRECIATION

At 1 November 2015

13,111

Charge for year

1,457

At 31 October 2016

14,568

NET BOOK VALUE

At 31 October 2016

2,172

At 31 October 2015

2,099

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.16

31.10.15

value:

£

10,000

Ordinary

£1

10,000