Registered Number 04163896

ALGON LTD

Abbreviated Accounts

31 May 2015

ALGON LTD Registered Number 04163896

Abbreviated Balance Sheet as at 31 May 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 33,530 25,811
33,530 25,811
Current assets
Stocks 43,473 40,293
Debtors 96,563 122,120
Cash at bank and in hand 55,958 70,587
195,994 233,000
Creditors: amounts falling due within one year (153,207) (189,332)
Net current assets (liabilities) 42,787 43,668
Total assets less current liabilities 76,317 69,479
Provisions for liabilities (5,266) 0
Total net assets (liabilities) 71,051 69,479
Capital and reserves
Called up share capital 100 100
Profit and loss account 70,951 69,379
Shareholders' funds 71,051 69,479
  • For the year ending 31 May 2015 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 17 July 2015

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 2015

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 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 2014 85,968
Additions 17,612
Disposals -
Revaluations -
Transfers -
At 31 May 2015 103,580
Depreciation
At 1 June 2014 60,157
Charge for the year 9,893
On disposals -
At 31 May 2015 70,050
Net book values
At 31 May 2015 33,530
At 31 May 2014 25,811