Company Registration No. 05827936 (England and Wales)
THE ACCOUNTING PRACTICE LIMITED
Unaudited accounts
for the year ended 31 May 2019
THE ACCOUNTING PRACTICE LIMITED
Unaudited accounts
Contents
THE ACCOUNTING PRACTICE LIMITED
Company Information
for the year ended 31 May 2019
Company Number
05827936 (England and Wales)
Registered Office
16 GROSVENOR ROAD
ALDERSHOT
HAMPSHIRE
GU11 1DP
Accountants
Asmita & Associates Ltd
114-116 Plumstead High Street
Plumstead
London
SE18 1SJ
THE ACCOUNTING PRACTICE LIMITED
Statement of financial position
as at 31 May 2019
Cash at bank and in hand
10,208
1,258
Creditors: amounts falling due within one year
(43,140)
(48,267)
Net current assets
23,549
14,650
Total assets less current liabilities
23,627
14,747
Provisions for liabilities
Called up share capital
100
100
Profit and loss account
23,502
14,622
Shareholders' funds
23,602
14,722
For the year ending 31 May 2019 the company was entitled to exemption from audit 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 29 February 2020.
Lekhnath Pandey
Director
Company Registration No. 05827936
THE ACCOUNTING PRACTICE LIMITED
Notes to the Accounts
for the year ended 31 May 2019
THE ACCOUNTING PRACTICE LIMITED is a private company, limited by shares, registered in England and Wales, registration number 05827936. The registered office is 16 GROSVENOR ROAD, ALDERSHOT, HAMPSHIRE, GU11 1DP.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance basis
4
Tangible fixed assets
Plant & machinery
Trade debtors
36,045
36,890
Other debtors
20,436
24,769
THE ACCOUNTING PRACTICE LIMITED
Notes to the Accounts
for the year ended 31 May 2019
6
Creditors: amounts falling due within one year
2019
2018
Bank loans and overdrafts
3,393
10,279
Taxes and social security
8,581
9,971
Other creditors
13,137
7,307
Loans from directors
17,369
20,620
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Average number of employees
During the year the average number of employees was 4 (2018: 4).
