Argents Accountants Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 05058956 (England and Wales)

Abbreviated Unaudited Accounts

for the Period 1 May 2014 to 30 September 2014

for

Argents Accountants Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

G Miller

M A Johnstone

J B Spoor

SECRETARY:

M A Johnstone

REGISTERED OFFICE:

15 Palace Street

NORWICH

Norfolk

NR3 1RT

REGISTERED NUMBER:

05058956 (England and Wales)

ACCOUNTANTS:

Argents Chartered Accountants

15 Palace Street

NORWICH

Norfolk

NR3 1RT

FIXED ASSETS

Intangible assets

2

957,153

-

Tangible assets

3

31,262

-

988,415

-

CURRENT ASSETS

Stocks

31,800

-

Debtors

250,105

-

Cash at bank and in hand

133

120

282,038

120

CREDITORS

Amounts falling due within one year

231,343

-

NET CURRENT ASSETS

50,695

120

TOTAL ASSETS LESS CURRENT LIABILITIES

1,039,110

120

CREDITORS

Amounts falling due after more than one year

1,010,836

-

NET ASSETS

28,274

120

CAPITAL AND RESERVES

Called up share capital

4

120

120

Profit and loss account

28,154

-

SHAREHOLDERS' FUNDS

28,274

120

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 September 2014.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 September 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 10 June 2015 and were signed on its behalf by:

G Miller - 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, except in respect of service

contracts where turnover is recognised when the company obtains the right to consideration.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

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

Fixtures and fittings

-

10% on cost

Computer equipment

-

25% on cost

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

Work in progress

WIP is valued in accordance with the policies agreed with HMRC under UITF Abstract 40.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

Additions

1,022,592

At 30 September 2014

1,022,592

AMORTISATION

Amortisation for period

65,439

At 30 September 2014

65,439

NET BOOK VALUE

At 30 September 2014

957,153

3.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

33,312

At 30 September 2014

33,312

DEPRECIATION

Charge for period

2,050

At 30 September 2014

2,050

NET BOOK VALUE

At 30 September 2014

31,262

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2014

value:

£

£

40

Ordinary "A"

1

40

40

40

Ordinary "B"

1

40

40

40

Ordinary "C"

1

40

40

120

120