Note			2016 £			2015 £
Fixed assets
Tangible fixed assets		2			6,778			8,084
Current assets
Debtors					36,387			20,142
Cash at bank and in hand					25,496			59,758
					61,883			79,900
Creditors: Amounts falling due within one year					(56,272)			(69,779)
Net current assets					5,611			10,121
Net assets					12,389			18,205
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					12,289			18,105
Shareholders' funds					12,389			18,205

For the year ending 31 August 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 his 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 January 2015).

Approved by the director on 21 December 2016

......................................... Mr A Inman Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

A & S Inman (Designs) Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 August 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).

Going concern

The director considers that the use of the going concern basis of accounting is appropriate because there are no material uncertainties relating to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.

Turnover

The turnover shown in the profit and loss account represents amounts receivable for goods and services provided during the year, exclusive of Value Added Tax.

Depreciation

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows: