A&L Accountancy Limited - Period Ending 2016-02-29

A&L Accountancy Limited

Unaudited Abbreviated Accounts

for the Year Ended 29 February 2016

A&L Accountancy Limited
196 St Teilo Street
Pontardulais
SWANSEA
Swansea
SA4 8LQ

A&L Accountancy Limited
Contents

Accountants' Report

Abbreviated Balance Sheet

Notes to the Abbreviated Accounts

3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
A&L Accountancy Limited
for the Year Ended 29 February 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of A&L Accountancy Limited for the year ended 29 February 2016 set out on pages from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of A&L Accountancy Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of A&L Accountancy Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than A&L Accountancy Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that A&L Accountancy Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of A&L Accountancy Limited. You consider that A&L Accountancy Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of A&L Accountancy Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

A&L Accountancy Limited
196 St Teilo Street
Pontardulais
SWANSEA
Swansea
SA4 8LQ

30 November 2016

Page 1

A&L Accountancy Limited
(Registration number: 05038867)
Abbreviated Balance Sheet at 29 February 2016

	Note	2016 £	2015 £
Fixed assets
Tangible fixed assets		1,578	181
Current assets
Debtors		2,269	250
Cash at bank and in hand		4,774	3,922
		7,043	4,172
Creditors: Amounts falling due within one year		(2,358)	(3,908)
Net current assets		4,685	264
Net assets		6,263	445
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		6,163	345
Shareholders' funds		6,263	445

For the year ending 29 February 2016 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 director acknowledges her 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 director on 30 November 2016

.........................................
Ms Avril Manser
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

A&L Accountancy Limited
Notes to the Abbreviated Accounts for the Year Ended 29 February 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable in respect of the sale of goods and services to customers.

Government grants

Government grants in respect of capital expenditure are credited to a deferred income account and are released to profit over the expected useful lives of the relevant assets by equal annual instalments. Grants of a revenue nature are credited to income so as to match them with the expenditure to which they relate.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
	25% straight line
	25% straight line

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 3

A&L Accountancy Limited
Notes to the Abbreviated Accounts for the Year Ended 29 February 2016
......... continued

2	Fixed assets

	Tangible assets £	Total £
Cost
At 1 March 2015	8,981	8,981
Additions	1,863	1,863
At 29 February 2016	10,844	10,844
Depreciation
At 1 March 2015	8,800	8,800
Charge for the year	466	466
At 29 February 2016	9,266	9,266
Net book value
At 29 February 2016	1,578	1,578
At 28 February 2015	181	181

3	Share capital

Allotted, called up and fully paid shares

	2016			2015
		No.	£		No.	£
Ordinary of £1 each		100	100		100	100

Page 4