Company Registration No. 3194140 (England and Wales)
ABERGAVENNY ACCOUNTANCY SERVICES LTD
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2016
ABERGAVENNY ACCOUNTANCY SERVICES LTD
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
ABERGAVENNY ACCOUNTANCY SERVICES LTD
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2016
31 March 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Intangible assets
2
10,500
12,000
Tangible assets
2
-
409
10,500
12,409
Current assets
Debtors
-
3,266
Cash at bank and in hand
8
3,336
8
6,602
Creditors: amounts falling due within one year
(11,769)
(18,363)
Net current liabilities
(11,761)
(11,761)
Total assets less current liabilities
(1,261)
648
Capital and reserves
Called up share capital
3
2
2
Profit and loss account
(1,263)
646
Shareholders' funds
(1,261)
648
For the financial year ended 31 March 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 and authorised for issue on 28 April 2016
P H Davies
Director
Company Registration No. 3194140
ABERGAVENNY ACCOUNTANCY SERVICES LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention.
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
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.
1.5
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:
Fixtures, fittings & equipment
at 20% per annum straight line basis
1.6
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.
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 April 2015 & at 31 March 2016
30,000
683
30,683
Depreciation
At 1 April 2015
18,000
274
18,274
Charge for the year
1,500
409
1,909
At 31 March 2016
19,500
683
20,183
Net book value
At 31 March 2016
10,500
-
10,500
At 31 March 2015
12,000
409
12,409
ABERGAVENNY ACCOUNTANCY SERVICES LTD
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2016
- 3 -
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
2 Ordinary of £1 each
2
2