Registered Number 00750570

ACTION SEALS LTD

Abbreviated Accounts

31 March 2013

ACTION SEALS LTD Registered Number 00750570

Abbreviated Balance Sheet as at 31 March 2013

Notes 2013 2012
£ £
Fixed assets
Tangible assets 2 3,923 3,226
3,923 3,226
Current assets
Stocks 199,810 198,793
Debtors 433,914 444,924
Cash at bank and in hand 14,441 14,129
648,165 657,846
Creditors: amounts falling due within one year (96,293) (97,437)
Net current assets (liabilities) 551,872 560,409
Total assets less current liabilities 555,795 563,635
Provisions for liabilities (473) -
Total net assets (liabilities) 555,322 563,635
Capital and reserves
Called up share capital 3 20,000 20,000
Profit and loss account 535,322 543,635
Shareholders' funds 555,322 563,635
  • For the year ending 31 March 2013 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 14 June 2013

And signed on their behalf by:
S J Quail, Director

ACTION SEALS LTD Registered Number 00750570

Notes to the Abbreviated Accounts for the period ended 31 March 2013

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
Income is recognised on an accruals basis according to delivery of the goods supplied.

Tangible assets depreciation policy
Fixtures, fittings and office equipment - 10% on cost
Computer equipment - 33% on cost
Fixed assets are reviewed on a regular basis. Any amendments to the estimated economic life of the assets is reflected in the depreciation charge.

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

2Tangible fixed assets
£
Cost
At 1 April 2012 12,290
Additions 2,868
Disposals -
Revaluations -
Transfers -
At 31 March 2013 15,158
Depreciation
At 1 April 2012 9,064
Charge for the year 2,171
On disposals -
At 31 March 2013 11,235
Net book values
At 31 March 2013 3,923
At 31 March 2012 3,226
3Called Up Share Capital
Allotted, called up and fully paid:
2013
£
2012
£
20,000 Ordinary shares of £1 each 20,000 20,000

The company is a wholly owned subsidiary of Beachbreeze Limited, a company registered in England and Wales.