All-Ways Stainless Services Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 06269192 (England and Wales)

ALL-WAYS STAINLESS SERVICES LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE PERIOD 1 APRIL 2013 TO 31 JANUARY 2014

Page

Abbreviated Balance Sheet

1

Notes to the Abbreviated Accounts

2

FIXED ASSETS

Tangible assets

2

2,835

3,262

CURRENT ASSETS

Stocks

1,000

(1,000

)

Debtors

6,995

6,230

Cash at bank

15,060

7,316

23,055

12,546

CREDITORS

Amounts falling due within one year

24,841

14,967

NET CURRENT LIABILITIES

(1,786

)

(2,421

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,049

841

CAPITAL AND RESERVES

Called up share capital

3

1

1

Profit and loss account

1,048

840

SHAREHOLDERS' FUNDS

1,049

841

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 January 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 28 January 2015 and were signed by:

Mr D G Griffiths - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

Given the current trading performance of the company as well as continued financial support from

the director, the director is confident that the accounts can be prepared on a going concern basis.

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 work executed, 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.

Plant and machinery

-

25% on reducing balance

Computer equipment

-

25% 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line

basis over the period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

9,533

Additions

323

At 31 January 2014

9,856

DEPRECIATION

At 1 April 2013

6,271

Charge for period

750

At 31 January 2014

7,021

NET BOOK VALUE

At 31 January 2014

2,835

At 31 March 2013

3,262

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

1

Ordinary

£1

1

1

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the periods ended

31 January 2014 and 31 March 2013:

2014

2013

£

£

Mr D G Griffiths

Balance outstanding at start of period

3,247

1,940

Amounts advanced

-

3,247

Amounts repaid

(3,247

)

(1,940

)

Balance outstanding at end of period

-

3,247