Abbreviated Company Accounts - AIT RECORDERS LIMITED

AIT RECORDERS LIMITED - Company Information

Registered Number 01456710

AIT RECORDERS LIMITED

Abbreviated Accounts

30 September 2016

AIT RECORDERS LIMITED Registered Number 01456710

Abbreviated Balance Sheet as at 30 September 2016

	Notes	2016	2015
		£	£
Called up share capital not paid		-	-
Fixed assets
Intangible assets		-	-
Tangible assets	2	4,859	7,290
Investments		-	-
		4,859	7,290
Current assets
Stocks		225,056	225,056
Debtors		-	-
Investments		-	-
Cash at bank and in hand		-	-
		225,056	225,056
Prepayments and accrued income		-	-
Creditors: amounts falling due within one year		(60,775)	(60,775)
Net current assets (liabilities)		164,281	164,281
Total assets less current liabilities		169,140	171,571
Creditors: amounts falling due after more than one year		(17,773)	(17,773)
Total net assets (liabilities)		151,367	153,798
Capital and reserves
Called up share capital		32,002	32,002
Share premium account		0	0
Revaluation reserve		0	0
Other reserves		0	0
Profit and loss account		119,365	121,796
Shareholders' funds		151,367	153,798

For the year ending 30 September 2016 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 May 2017

And signed on their behalf by:
Michael King, Director

AIT RECORDERS LIMITED Registered Number 01456710

Notes to the Abbreviated Accounts for the period ended 30 September 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
The company has not traded during the Financial year therefore, there is no Turnover shown in the Profit & Loss account for the year to the 30th September 2016.

2Tangible fixed assets

	£
Cost
At 1 October 2015	322,389
Additions	0
Disposals	0
Revaluations	0
Transfers	0
At 30 September 2016	322,389
Depreciation
At 1 October 2015	315,099
Charge for the year	2,431
On disposals	0
At 30 September 2016	317,530
Net book values
At 30 September 2016	4,859
At 30 September 2015	7,290

Fixed Assets comprising of Furniture & Electronic Equipment, depreciation has been provided for at a rate of 20% on a straight line basis over the assets useful lives.