AYRTON_BESPOKE_LIMITED - Accounts

AYRTON BESPOKE LIMITED - Company Information

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Company Registration No. 02235366 (England and Wales)

AYRTON BESPOKE LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

AYRTON BESPOKE LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

AYRTON BESPOKE LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2014

- 1 -

2014

2013

Notes

Fixed assets

Tangible assets

50,707

26,891

Current assets

Debtors

389,050

208,316

Cash at bank and in hand

283,923

27,351

672,973

235,667

Creditors: amounts falling due within one year

(681,122)

(345,054)

Net current liabilities

(8,149)

(109,387)

Total assets less current liabilities

42,558

(82,496)

Creditors: amounts falling due after more than one year

(10,896)

(2,365)

Provisions for liabilities

(9,393)

22,269

(84,861)

Capital and reserves

Called up share capital

100

Profit and loss account

22,169

(84,961)

Shareholders' funds

22,269

(84,861)

AYRTON BESPOKE LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 MARCH 2014

- 2 -

For the financial year ended 31 March 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The member has 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 his 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 9 September 2014

Mr R J Ditcham

Director

Company Registration No. 02235366

AYRTON BESPOKE LIMITED

PROFIT AND LOSS ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2014

- 3 -

2014

2013

Turnover

1,957,277

1,089,559

Cost of sales

(1,429,332)

(985,344)

Gross profit

527,945

104,215

Administrative expenses

(391,317)

(310,561)

Other operating income

200,000

Operating profit/(loss)

136,628

(6,346)

Interest payable and similar charges

(1,128)

(1,060)

Profit/(loss) on ordinary activities before taxation

135,500

(7,406)

Tax on profit/(loss) on ordinary activities

(19,370)

(19,677)

Profit/(loss) for the year

116,130

(27,083)

AYRTON BESPOKE LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

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 April 2008).

These financial statements have been prepared on the assumption that the company will continue in
operational existence for the foreseeable future.

The validity of this assumption depends on the continuing support of the company's directors, creditors
and shareholders.

If the company were unable to continue in existence for the foreseeable future, adjustments would be
necessary to reduce the balance sheet values of assets to their recoverable amounts, to reclassify fixed
assets as current assets and long-term liabilities as current liabilities and to provide for further liabilities
which might arise.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

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

1.4

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:

Plant and machinery

20% Reducing balance

Computer equipment

33% Reducing balance

Motor vehicles

20% Reducing balance

1.5

Leasing and hire purchase commitments

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

1.6

Pensions

The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable.

1.7

Foreign currency translation

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to the profit and loss account.

AYRTON BESPOKE LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2014

- 4 -

Fixed assets

Tangible assets

Cost

At 1 April 2013

53,782

Additions

38,234

At 31 March 2014

92,016

Depreciation

At 1 April 2013

26,891

Charge for the year

14,418

At 31 March 2014

41,309

Net book value

At 31 March 2014

50,707

At 31 March 2013

26,891

Share capital

2014

2013

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100