Registered Number 04163896

ALGON LTD

Abbreviated Accounts

31 May 2016

ALGON LTD Registered Number 04163896

Abbreviated Balance Sheet as at 31 May 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 28,319 33,530
28,319 33,530
Current assets
Stocks 33,918 43,473
Debtors 93,852 96,563
Cash at bank and in hand 25,894 55,958
153,664 195,994
Creditors: amounts falling due within one year (132,072) (153,207)
Net current assets (liabilities) 21,592 42,787
Total assets less current liabilities 49,911 76,317
Provisions for liabilities (4,361) (5,266)
Total net assets (liabilities) 45,550 71,051
Capital and reserves
Called up share capital 100 100
Profit and loss account 45,450 70,951
Shareholders' funds 45,550 71,051
  • For the year ending 31 May 2016 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 28 June 2016

And signed on their behalf by:
MR M T CATTERALL, Director
MRS T C SLINGER, Director

ALGON LTD Registered Number 04163896

Notes to the Abbreviated Accounts for the period ended 31 May 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover policy
Turnover represents net invoiced sales of goods, excluding value added tax

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc - 25% on reducing balance

2Tangible fixed assets
£
Cost
At 1 June 2015 103,580
Additions 3,004
Disposals -
Revaluations -
Transfers -
At 31 May 2016 106,584
Depreciation
At 1 June 2015 70,050
Charge for the year 8,215
On disposals -
At 31 May 2016 78,265
Net book values
At 31 May 2016 28,319
At 31 May 2015 33,530