Abbreviated Company Accounts - ASSOCIATED LABORATORIES LIMITED

ASSOCIATED LABORATORIES LIMITED - Company Information

05272224 ASSOCIATED LABORATORIES LIMITED 2014-03-31 false 2013-04-01 2014-03-31 true 05272224 2013-04-01 2014-03-31 05272224 2014-03-31 05272224 2013-03-31 05272224 uk-gaap-cd-bus:Director1 2013-04-01 2014-03-31 05272224 uk-gaap-cd-bus:Director2 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-03-31 iso4217:GBP shares

Registered Number 05272224

ASSOCIATED LABORATORIES LIMITED

Abbreviated Accounts

31 March 2014

ASSOCIATED LABORATORIES LIMITED Registered Number 05272224

Abbreviated Balance Sheet as at 31 March 2014

	Notes	2014	2013
		£	£
Fixed assets
Intangible assets	2	5,482	14,882
Tangible assets	3	63,018	67,845
		68,500	82,727
Current assets
Debtors		136,177	186,536
Cash at bank and in hand		238,070	127,715
		374,247	314,251
Creditors: amounts falling due within one year		(77,762)	(78,987)
Net current assets (liabilities)		296,485	235,264
Total assets less current liabilities		364,985	317,991
Total net assets (liabilities)		364,985	317,991
Capital and reserves
Called up share capital	4	3	3
Profit and loss account		364,982	317,988
Shareholders' funds		364,985	317,991

For the year ending 31 March 2014 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 31 October 2014

And signed on their behalf by:
Mr Brian Flood, Director

ASSOCIATED LABORATORIES LIMITED Registered Number 05272224

Notes to the Abbreviated Accounts for the period ended 31 March 2014

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
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery: 20% straight line
Motor Vehicles: 25% straight line
Fixtures & Fittings: 20% straight line
Computer Equipment: 25% straight balance

Intangible assets amortisation policy
Other intangible assets are patents and licenses. It is amortised to profit and loss account over its estimated economic life of 10 years.

2Intangible fixed assets

	£
Cost
At 1 April 2013	93,999
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2014	93,999
Amortisation
At 1 April 2013	79,117
Charge for the year	9,400
On disposals	-
At 31 March 2014	88,517
Net book values
At 31 March 2014	5,482
At 31 March 2013	14,882

3Tangible fixed assets

	£
Cost
At 1 April 2013	164,808
Additions	17,213
Disposals	(9,500)
Revaluations	-
Transfers	-
At 31 March 2014	172,521
Depreciation
At 1 April 2013	96,963
Charge for the year	20,478
On disposals	(7,938)
At 31 March 2014	109,503
Net book values
At 31 March 2014	63,018
At 31 March 2013	67,845

4Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
3 Ordinary shares of £1 each	3	3