Abbreviated Company Accounts - APPLIED TORQUE SYSTEMS LIMITED

Abbreviated Company Accounts - APPLIED TORQUE SYSTEMS LIMITED

APPLIED TORQUE SYSTEMS LIMITED - Company Information

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Registered Number 04324571

APPLIED TORQUE SYSTEMS LIMITED

Abbreviated Accounts

31 March 2014

APPLIED TORQUE SYSTEMS LIMITED Registered Number 04324571

Abbreviated Balance Sheet as at 31 March 2014

Notes 2014 2013
£ £
Fixed assets
Intangible assets 2 52,912 52,912
Tangible assets 3 191,868 194,531
244,780 247,443
Current assets
Stocks 50,750 50,750
Debtors 196,453 169,709
Cash at bank and in hand 192 21
247,395 220,480
Creditors: amounts falling due within one year (401,735) (367,725)
Net current assets (liabilities) (154,340) (147,245)
Total assets less current liabilities 90,440 100,198
Provisions for liabilities (21,972) (21,972)
Total net assets (liabilities) 68,468 78,226
Capital and reserves
Called up share capital 8 8
Profit and loss account 68,460 78,218
Shareholders' funds 68,468 78,226
  • 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 8 August 2014

And signed on their behalf by:
W Turner, Director

APPLIED TORQUE SYSTEMS LIMITED Registered Number 04324571

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.

2Intangible fixed assets
£
Cost
At 1 April 2013 52,912
Additions -
Disposals -
Revaluations -
Transfers -
At 31 March 2014 52,912
Amortisation
At 1 April 2013 -
Charge for the year -
On disposals -
At 31 March 2014 -
Net book values
At 31 March 2014 52,912
At 31 March 2013 52,912
3Tangible fixed assets
£
Cost
At 1 April 2013 308,430
Additions 13,100
Disposals -
Revaluations -
Transfers -
At 31 March 2014 321,530
Depreciation
At 1 April 2013 113,899
Charge for the year 15,763
On disposals -
At 31 March 2014 129,662
Net book values
At 31 March 2014 191,868
At 31 March 2013 194,531