Company Registration No. 05914863 (England and Wales)
A & R CONNOLLY LTD
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2015
A & R CONNOLLY LTD
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
A & R CONNOLLY LTD
ABBREVIATED BALANCE SHEET
AS AT
31 AUGUST 2015
31 August 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
2,541
3,388
Current assets
Stocks
6,125
29,043
Debtors
18,303
18,352
Cash at bank and in hand
13,371
6,088
37,799
53,483
Creditors: amounts falling due within one year
(49,924)
(53,360)
Net current liabilities/(assets)
(12,125)
123
Total assets less current liabilities
(9,584)
3,511
Capital and reserves
Called up share capital
3
1
1
Profit and loss account
(9,585)
3,510
Shareholder's funds
(9,584)
3,511
For the financial year ended 31 August 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The member has 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 23 May 2016
D Connolly
Director
Company Registration No. 05914863
A & R CONNOLLY LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2015
- 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 April 2008).
1.2
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.3
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:
Motor vehicles
25% Reducing balance method
1.4
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either 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.
2
Fixed assets
Tangible assets
£
Cost
At 1 September 2014 & at 31 August 2015
17,945
Depreciation
At 1 September 2014
14,557
Charge for the year
847
At 31 August 2015
15,404
Net book value
At 31 August 2015
2,541
At 31 August 2014
3,388
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
1 Ordinary shares of £1 each
1
1