Shanks Promotions Limited - Limited company - abbreviated - 11.6

Shanks Promotions Limited

Abbreviated Accounts for the Year Ended 31 May 2014

The following reproduces the text of the report prepared for the director in respect of the

company's annual unaudited financial statements, from which the unaudited abbreviated

accounts (set out on pages two to five) have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for

your approval the financial statements of Shanks Promotions Limited for the year ended

31 May 2014 which comprise the Profit and Loss Account, the Balance Sheet and the related

notes from the company's accounting records and from information and explanations you have

given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the director of Shanks Promotions Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Shanks Promotions Limited and state those matters that we have agreed to state to the director of Shanks Promotions Limited in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Shanks Promotions Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Shanks Promotions Limited. You consider that Shanks Promotions Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Shanks

Promotions Limited. For this reason, we have not verified the accuracy or completeness of the

accounting records or information and explanations you have given to us and we do not, therefore,

express any opinion on the statutory financial statements.

BPU Limited

Chartered Accountants

26 May 2015

CURRENT ASSETS

Debtors

5,245

6,164

Cash at bank

-

2,791

5,245

8,955

CREDITORS

Amounts falling due within one year

4,537

3,898

NET CURRENT ASSETS

708

5,057

TOTAL ASSETS LESS CURRENT LIABILITIES

708

5,057

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

608

4,957

SHAREHOLDERS' FUNDS

708

5,057

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 26 May 2015 and were signed by:

T G L Shanklin - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in

accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

33% straight line

Employee benefit trust

In accordance with UITF abstract 32 "Employee Benefit Trusts and other intermediate

payment arrangements" the Company does not include the assets and liabilities of the

Employee Benefit Trust on its balance sheet to the extent that it considers that it will not

retain any future economic benefit from the assets of the scheme and will not have control of

the rights or other access to those future economic benefits.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2013

and 31 May 2014

2,600

DEPRECIATION

At 1 June 2013

and 31 May 2014

2,600

NET BOOK VALUE

At 31 May 2014

-

At 31 May 2013

-

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

100

Ordinary

£1

100

100

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended

31 May 2014 and 31 May 2013:

2014

2013

£

£

T G L Shanklin

Balance outstanding at start of year

6,164

4,270

Amounts advanced

-

9,700

Amounts repaid

(919

)

(7,806

)

Balance outstanding at end of year

5,245

6,164