Ashwell Biomass Limited - Limited company - abbreviated - 11.6

Ashwell Biomass Limited - Limited company - abbreviated - 11.6


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REGISTERED NUMBER: 02677510 (England and Wales)












Abbreviated Unaudited Accounts

for the Year Ended 31 March 2014

for

Ashwell Biomass Limited

Ashwell Biomass Limited (Registered number: 02677510)






Contents of the Abbreviated Accounts
for the year ended 31 March 2014




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

Ashwell Biomass Limited

Company Information
for the year ended 31 March 2014







DIRECTORS: R B West
Ms Y M A Chu
D G Coyne





SECRETARY: R B West





REGISTERED OFFICE: Unit 12, 35 Pinfold Road
Thurmaston
Leicester
Leicestershire
LE4 8AT





REGISTERED NUMBER: 02677510 (England and Wales)





ACCOUNTANTS: Clayton & Brewill
Chartered Accountants
Cawley House
149-155 Canal Street
Nottingham
Nottinghamshire
NG1 7HR

Ashwell Biomass Limited (Registered number: 02677510)

Abbreviated Balance Sheet
31 March 2014

2014 2013
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 85,804 69,867

CURRENT ASSETS
Stocks 164,483 150,613
Debtors 304,055 409,161
Cash at bank and in hand 33,331 76,954
501,869 636,728
CREDITORS
Amounts falling due within one year 3 442,139 556,213
NET CURRENT ASSETS 59,730 80,515
TOTAL ASSETS LESS CURRENT
LIABILITIES

145,534

150,382

CREDITORS
Amounts falling due after more than
one year

3

19,006

29,176
NET ASSETS 126,528 121,206

CAPITAL AND RESERVES
Called up share capital 4 19,320 19,320
Share premium 84,034 84,034
Capital redemption reserve 35 35
Profit and loss account 23,139 17,817
SHAREHOLDERS' FUNDS 126,528 121,206

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 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 24 December 2014 and were signed
on its behalf by:




D G Coyne - Director


Ashwell Biomass Limited (Registered number: 02677510)

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

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 April 2008).

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for
obsolete and slow moving items.

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance
sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives.
Those held under finance leases are depreciated over their estimated useful lives or the lease
term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the
relevant period. The capital element of the future payments is treated as a liability.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2013 229,245
Additions 38,307
Disposals (7,067 )
At 31 March 2014 260,485
DEPRECIATION
At 1 April 2013 159,378
Charge for year 22,316
Eliminated on disposal (7,013 )
At 31 March 2014 174,681
NET BOOK VALUE
At 31 March 2014 85,804
At 31 March 2013 69,867

3. CREDITORS

Creditors include an amount of £ 37,085 (2013 - £ 38,227 ) for which security has been given.

Ashwell Biomass Limited (Registered number: 02677510)

Notes to the Abbreviated Accounts - continued
for the year ended 31 March 2014

4. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2014 2013
value: £    £   
19,320 Ordinary £1 19,320 19,320