Micro-entity Accounts - AYLESFORD POTTERY LTD

AYLESFORD POTTERY LTD - Company Information

05022212 AYLESFORD POTTERY LTD 2017-01-31 false 2016-02-01 2017-01-31 true 05022212 2016-02-01 2017-01-31 05022212 2017-01-31 05022212 2016-01-31 05022212 uk-gaap-cd-bus:Director1 2016-02-01 2017-01-31 05022212 uk-gaap-cd-bus:Director2 2016-02-01 2017-01-31 05022212 uk-gaap-cd-bus:AllEntityOfficers 2016-02-01 2017-01-31 iso4217:GBP shares

Registered Number 05022212

AYLESFORD POTTERY LTD

Micro-entity Accounts

31 January 2017

AYLESFORD POTTERY LTD Registered Number 05022212

Micro-entity Balance Sheet as at 31 January 2017

	2017	2016
	£	£
Fixed Assets	2,254	3,006
Current Assets	26,634	22,042
Prepayments and accrued income	356	356
Creditors: amounts falling due within one year	(25,693)	(18,782)
Net current assets (liabilities)	1,297	3,616
Total assets less current liabilities	3,551	6,622
Accruals and deferred income	(1,200)	(1,082)
Total net assets (liabilities)	2,351	5,540
Capital and reserves	2,351	5,540

For the year ending 31 January 2017 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 31 October 2017

And signed on their behalf by:
Mark Steven Byles, Director
Alan Michael Parris, Director

AYLESFORD POTTERY LTD Registered Number 05022212

Notes to the Micro-entity Accounts for the period ended 31 January 2017

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements have been prepared under the historical cost accounting rules, modified, where applicable, to include the revaluation of certain assets.

Turnover policy
Turnover represents sales of pottery goods during for the year.

Tangible assets depreciation policy
Provision is made for depreciation on all tangible fixed assets at rates calculated to write off the cost or valuation less estimated residual value, of each asset over its expected useful life, as follows: Plant and Equipment - 25% per annum on the reducing balance. Office Equipment - 20% per annum on the reducing balance.

Other accounting policies
Stock is valued at the lower of cost and net realisable value. The stock of raw materials, which are the products to be used in the production of the pottery goods, are included at cost. The stock of finished goods, which are items already produced and displayed at the business premises for sale, are included at net realisable value, which takes in to consideration date of production and condition.