Registered number
05375879
All Coin Ltd
Abbreviated Accounts
31 March 2016
All Coin Ltd
Registered number: 05375879
Abbreviated Balance Sheet
as at 31 March 2016
Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 534 712
Current assets
Stocks 50,000 40,000
Debtors 10,611 6,464
Cash at bank and in hand 4,769 4,336
65,380 50,800
Creditors: amounts falling due within one year (65,657) (50,311)
Net current (liabilities)/assets (277) 489
Total assets less current liabilities 257 1,201
Provisions for liabilities (91) (142)
Net assets 166 1,059
Capital and reserves
Called up share capital 3 2 2
Profit and loss account 164 1,057
Shareholder's funds 166 1,059
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
Mr S V Scammell
Director
Approved by the board on 20 December 2016
All Coin Ltd
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.
Motor vehicles 25% reducing balance
Stocks
Stock is valued at the lower of cost and net realisable value.
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 3,000
At 31 March 2016 3,000
Depreciation
At 1 April 2015 2,288
Charge for the year 178
At 31 March 2016 2,466
Net book value
At 31 March 2016 534
At 31 March 2015 712
3 Share capital Nominal 2016 2016 2015
value Number £ £
Allotted, called up and fully paid:
Ordinary shares £1 each 2 2 2
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