Abbreviated Company Accounts - AUTON & CO. LTD.

Abbreviated Company Accounts - AUTON & CO. LTD.


Registered Number 03933899

AUTON & CO. LTD.

Abbreviated Accounts

30 April 2014

AUTON & CO. LTD. Registered Number 03933899

Abbreviated Balance Sheet as at 30 April 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 3,330 3,780
3,330 3,780
Current assets
Debtors 15,435 114,731
Cash at bank and in hand 12,526 24,364
27,961 139,095
Creditors: amounts falling due within one year (49,999) (138,780)
Net current assets (liabilities) (22,038) 315
Total assets less current liabilities (18,708) 4,095
Total net assets (liabilities) (18,708) 4,095
Capital and reserves
Called up share capital 3 2 2
Profit and loss account (18,710) 4,093
Shareholders' funds (18,708) 4,095
  • For the year ending 30 April 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 29 January 2015

And signed on their behalf by:
L Auton, Director

AUTON & CO. LTD. Registered Number 03933899

Notes to the Abbreviated Accounts for the period ended 30 April 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 revenue recognised by the company in respect of market research services supplied during the year, exclusive 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 fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Equipment - 25% straight line

Other accounting policies
Going Concern
The company has made a loss of £22,803 and has net liabilities of £18,708. Included in creditors are amounts due to the Director of £34,196. The Director has confirmed that he will continue to support the company for the foreseeable future and is confident about the company's ability to trade as a going concern and meet its financial obligations. Therefore the accounts have been prepared on the going concern basis.

2Tangible fixed assets
£
Cost
At 1 May 2013 65,619
Additions 480
Disposals -
Revaluations -
Transfers -
At 30 April 2014 66,099
Depreciation
At 1 May 2013 61,839
Charge for the year 930
On disposals -
At 30 April 2014 62,769
Net book values
At 30 April 2014 3,330
At 30 April 2013 3,780
3Called Up Share Capital
Allotted, called up and fully paid:
2014
£
2013
£
2 Ordinary shares of £1 each 2 2