Company Registration No. 04446429 (England and Wales)
A&K POTASH ACCOUNTING SERVICES LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2016
TWP Accounting LLP
Chartered Accountants
The Old Rectory
Church Street
Weybridge
Surrey
KT13 8DE
A&K POTASH ACCOUNTING SERVICES LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
A&K POTASH ACCOUNTING SERVICES LIMITED
Company Registration No. 04446429
ABBREVIATED BALANCE SHEET
AS AT 31 May 2016
- 1 -
2016
2015
Notes
£
£
£
£
Current assets
Debtors
13,865
11,272
Cash at bank and in hand
12,379
6,750
26,244
18,022
Creditors: amounts falling due within one year
(24,145)
(16,817)
Total assets less current liabilities
2,099
1,205
Capital and reserves
Called up share capital
2
2
2
Profit and loss account
2,097
1,203
Shareholders' funds
2,099
1,205
For the financial year ended 31 May 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 11 November 2016
Mr A Potash
Director
A&K POTASH ACCOUNTING SERVICES LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MAY 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Turnover
Turnover comprises revenue recognised by the company in respect of accountancy services supplied during the year, exclusive of Value Added Tax and trade discounts.comprises revenue recognised by the company in respect of accountancy services supplied during the year, exclusive of Value Added Tax and trade discounts.
Income is recognised in the period in which the service is supplied.
1.3
Leasing
Rentals under operating leases are charged to the profit and loss account on a straight line basis over the lease term. Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight line basis over the period until the date the rent is expected to be adjusted to the prevailing market rate.to the profit and loss account on a straight line basis over the lease term.
Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight line basis over the period until the date the rent is expected to be adjusted to the prevailing market rate.
2
Share capital
2016
2015
£
£
Allotted, called up and fully paid
2 Ordinary shares of £1 each
2
2