Registered Number 04163896

ALGON LTD

Abbreviated Accounts

31 May 2014

ALGON LTD Registered Number 04163896

Abbreviated Balance Sheet as at 31 May 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 25,811 22,371
25,811 22,371
Current assets
Stocks 40,293 36,105
Debtors 122,120 83,759
Cash at bank and in hand 70,587 18,555
233,000 138,419
Creditors: amounts falling due within one year (189,332) (138,068)
Net current assets (liabilities) 43,668 351
Total assets less current liabilities 69,479 22,722
Total net assets (liabilities) 69,479 22,722
Capital and reserves
Called up share capital 100 100
Profit and loss account 69,379 22,622
Shareholders' funds 69,479 22,722
  • For the year ending 31 May 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 14 August 2014

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

ALGON LTD Registered Number 04163896

Notes to the Abbreviated Accounts for the period ended 31 May 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 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 2013 75,264
Additions 10,704
Disposals -
Revaluations -
Transfers -
At 31 May 2014 85,968
Depreciation
At 1 June 2013 52,893
Charge for the year 7,264
On disposals -
At 31 May 2014 60,157
Net book values
At 31 May 2014 25,811
At 31 May 2013 22,371