Company Registration No. 04328948 (England and Wales)
ABBEY MORTIMER LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2016
ABBEY MORTIMER LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
ABBEY MORTIMER LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 NOVEMBER 2016
30 November 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
31,448
7,534
Current assets
Debtors
882,756
656,936
Cash at bank and in hand
50
45
882,806
656,981
Creditors: amounts falling due within one year
(819,599)
(599,276)
Net current assets
63,207
57,705
Total assets less current liabilities
94,655
65,239
Provisions for liabilities
(3,086)
(1,324)
91,569
63,915
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
91,469
63,815
Shareholders' funds
91,569
63,915
For the financial year ended 30 November 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' 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 directors acknowledge their 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 9 June 2017
Ms K A Moss
Director
Company Registration No. 04328948
ABBEY MORTIMER LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 NOVEMBER 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
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Land and buildings Leasehold
Plant and machinery
25% reducing balance
Computer equipment
40% reducing balance
Fixtures, fittings & equipment
15% reducing balance
1.5
Revenue recognition
Turnover is recognised in the period in which the service took place.
1.6
Pensions
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable.
1.7
Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
ABBEY MORTIMER LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2016
- 3 -
2
Fixed assets
Tangible assets
£
Cost
At 1 December 2015
31,685
Additions
33,019
At 30 November 2016
64,704
Depreciation
At 1 December 2015
24,151
Charge for the year
9,105
At 30 November 2016
33,256
Net book value
At 30 November 2016
31,448
At 30 November 2015
7,534
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
100 Ordinary shares of £1 each
100
100