A G SMITH & CO LTD

Company Registration Number:
04704188 (England and Wales)

Abbreviated (Unaudited) Accounts

Period of accounts

Start date: 01 April 2015

End date: 31 March 2016

A G SMITH & CO LTD

Abbreviated Balance sheet

As at 31 March 2016


Notes
2016
£
2015
£
Fixed assets
Intangible assets: 2 11,935 21,484
Tangible assets: 3 16,838 13,157
Total fixed assets: 28,773 34,641
Current assets
Debtors: 61,736 56,576
Cash at bank and in hand: 42,227 25,771
Total current assets: 103,963 82,347
Creditors: amounts falling due within one year: ( 73,385 ) ( 74,247 )
Net current assets (liabilities): 30,578 8,100
Total assets less current liabilities: 59,351 42,741
Total net assets (liabilities): 59,351 42,741

The notes form part of these financial statements

A G SMITH & CO LTD

Balance sheet continued

As at 31 March 2016


Notes
2016
£
2015
£
Capital and reserves
Called up share capital: 4 50 50
Profit and loss account: 59,301 42,691
Shareholders funds: 59,351 42,741

For the year ending 31 March 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 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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The financial statements were approved by the Board of Directors on 08 August 2016

SIGNED ON BEHALF OF THE BOARD BY:

Name: A G Smith
Status: Director

The notes form part of these financial statements

A G SMITH & CO LTD

Notes to the Abbreviated Accounts

for the Period Ended 31 March 2016

  • 1. Accounting policies

    Basis of measurement and preparation of accounts

    The accounts are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

    Turnover policy

    Turnover represents the total invoice value, excluding value added tax, of sales made during the year.

    Tangible fixed assets depreciation policy

    Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
    Fixture, fittings and equipment - 3-5 years straight line

    Intangible fixed assets amortisation policy

    Acquired goodwill is written off in equal annual instalments over its estimated useful economic life of 5 years.

    Other accounting policies

    Leasing

    Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

    Pensions

    The pension costs charged in the financial statements represent the contribution payable by the comapny during the year.

A G SMITH & CO LTD

Notes to the Abbreviated Accounts

for the Period Ended 31 March 2016

  • 2. Intangible assets

    Total
    Cost £
    01 April 2015: 47,742
    Additions: 0
    Disposals: 0
    Revaluations: 0
    Transfers: 0
    31 March 2016: 47,742
    Amortisation
    01 April 2015: 26,258
    Provided during the period: 9,549
    On disposals: 0
    Other Adjustments: 0
    31 March 2016: 35,807
    Net book value
    31 March 2016: 11,935
    31 March 2015: 21,484

A G SMITH & CO LTD

Notes to the Abbreviated Accounts

for the Period Ended 31 March 2016

  • 3. Tangible assets

    Total
    Cost £
    01 April 2015: 35,992
    Additions: 11,107
    Disposals: 0
    Revaluations: 0
    Transfers: 0
    31 March 2016: 47,099
    Depreciation
    01 April 2015: 22,835
    Charge for year: 7,426
    On disposals: 0
    Other adjustments: 0
    31 March 2016: 30,261
    Net book value
    31 March 2016: 16,838
    31 March 2015: 13,157

A G SMITH & CO LTD

Notes to the Abbreviated Accounts

for the Period Ended 31 March 2016

  • 4. Called up share capital

    Allotted, called up and paid

    Previous period
    2015
    Class Number of shares Nominal value per share (£) Total (£)
    Ordinary shares: 50 1.00 50
    Preference shares: 0
    Total share capital (£): 50
    Current period
    2016
    Class Number of shares Nominal value per share (£) Total (£)
    Ordinary shares: 50 1.00 50
    Preference shares: 0
    Total share capital (£): 50