Ayston Investments Limited - Period Ending 2014-03-31

Registration number: 01029112

Ayston Investments Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2014
 

Ayston Investments Limited
(Registration number: 01029112)
Abbreviated Balance Sheet at 31 March 2014

		Note			31 March 2014 £			31 March 2013 £
Fixed assets
Tangible fixed assets					37			47
Current assets
Stocks					164,197			164,197
Debtors					98,020			75,417
Investments					47,050			45,000
Cash at bank and in hand					1,546			27,128
					310,813			311,742
Creditors: Amounts falling due within one year					(2,435)			(2,804)
Net current assets					308,378			308,938
Total assets less current liabilities					308,415			308,985
Creditors: Amounts falling due after more than one year					(95,534)			(96,604)
Net assets					212,881			212,381
Capital and reserves
Called up share capital		4			1,000			1,000
Revaluation reserve					2,050			-
Profit and loss account					209,831			211,381
Shareholders' funds					212,881			212,381

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 24 December 2014 and signed on its behalf by:

The notes on pages 3 to 5 form an integral part of these financial statements.
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Ayston Investments Limited
(Registration number: 01029112)
Abbreviated Balance Sheet at 31 March 2014
......... continued

.........................................
P C Dyer
Director

The notes on pages 3 to 5 form an integral part of these financial statements.
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Ayston Investments Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2014
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Plant & machinery	33% on the reducing balance

Current asset investments

Current asset investments are included at the lower of cost and net realisable value.

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Foreign currency

Transactions in foreign currencies are recorded at the exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated at the closing rates at the balance sheet date. All exchange differences are included in the profit and loss account.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

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Ayston Investments Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2014
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 April 2013		516			516
At 31 March 2014		516			516
Depreciation
At 1 April 2013		469			469
Charge for the year		10			10
At 31 March 2014		479			479
Net book value
At 31 March 2014		37			37
At 31 March 2013		47			47

3

Creditors

Creditors includes the following liabilities, on which security has been given by the company:

		31 March 2014 £			31 March 2013 £
Amounts falling due after more than one year		95,534			96,604

Included in the creditors are the following amounts due after more than five years:

		31 March 2014 £			31 March 2013 £
After more than five years by instalments		95,534			96,604

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Ayston Investments Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2014
......... continued

4	Share capital

Allotted, called up and fully paid shares

	31 March 2014						31 March 2013
		No.			£			No.			£
Ordinary shares of £1 each		1,000			1,000			1,000			1,000

5	Related party transactions

Directors' advances and credits

	Year ended 31 March 2014 Advance/ Credit £	Year ended 31 March 2014 Repaid £	1 January 2012 to 31 March 2013 Advance/ Credit £	1 January 2012 to 31 March 2013 Repaid £
P C Dyer
Loan account	17,540	-	214	4,707

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