Registered number
08072275
Audiokast Limited
Abbreviated Accounts
31 March 2016
Audiokast Limited
Registered number: 08072275
Abbreviated Balance Sheet
as at 31 March 2016
Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 - 421
Current assets
Debtors 19,714 18,055
Cash at bank and in hand 13,074 2,662
32,788 20,717
Creditors: amounts falling due within one year (30,765) (20,453)
Net current assets 2,023 264
Net assets 2,023 685
Capital and reserves
Called up share capital 3 10 10
Profit and loss account 2,013 675
Shareholders' funds 2,023 685
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
E Corcoran
Director
Approved by the board on 4 October 2016
Audiokast Limited
Notes to the Abbreviated Accounts
for the year ended 31 March 2016
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Turnover
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and machinery 33% straight line
Deferred taxation
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.
2 Tangible fixed assets £
Cost
At 1 April 2015 1,265
At 31 March 2016 1,265
Depreciation
At 1 April 2015 844
Charge for the year 421
At 31 March 2016 1,265
Net book value
At 31 March 2016 -
At 31 March 2015 421
3 Share capital Nominal 2016 2016 2015
value Number £ £
Allotted, called up and fully paid:
Ordinary shares £1 each 10 10 10
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