| Austen-Jones Solicitors Limited |
| Balance Sheet |
| as at 31 March 2015 |
|
| Notes |
|
|
2015 |
|
|
2014 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
4 |
|
|
445 |
|
|
1,110 |
|
| Current assets |
| Debtors |
5 |
|
73,979 |
|
|
35,862 |
| Cash at bank and in hand |
|
|
238,221 |
|
|
147,366 |
|
|
|
312,200 |
|
|
183,228 |
|
| Creditors: amounts falling due within one year |
6 |
|
(146,101) |
|
|
(40,344) |
|
| Net current assets |
|
|
|
166,099 |
|
|
142,884 |
|
| Net assets |
|
|
|
166,544 |
|
|
143,994 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
7 |
|
|
1 |
|
|
1 |
| Profit and loss account |
8 |
|
|
166,543 |
|
|
143,993 |
|
| Shareholders' funds |
|
|
|
166,544 |
|
|
143,994 |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
|
| I Austen-Jones |
| Director |
| Approved by the board on 23 December 2015 |
|
| Austen-Jones Solicitors Limited |
| Notes to the Accounts |
| for the year ended 31 March 2015 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts 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 the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Plant and machinery |
20% straight line |
|
Motor vehicles |
25% straight line |
|
|
| 2 |
Operating profit |
2015 |
|
2014 |
| £ |
£ |
|
This is stated after charging: |
|
|
Depreciation of owned fixed assets |
665 |
|
665 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Taxation |
2015 |
|
2014 |
| £ |
£ |
|
|
UK corporation tax |
21,006 |
|
18,480 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Plant and machinery etc |
| £ |
|
Cost |
|
At 1 April 2014 |
2,662 |
|
At 31 March 2015 |
2,662 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2014 |
1,552 |
|
Charge for the year |
665 |
|
At 31 March 2015 |
2,217 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2015 |
445 |
|
At 31 March 2014 |
1,110 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Debtors |
2015 |
|
2014 |
| £ |
£ |
|
|
Trade debtors |
73,979 |
|
35,862 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due within one year |
2015 |
|
2014 |
| £ |
£ |
|
|
Trade creditors |
3,000 |
|
7,950 |
|
Corporation tax |
21,006 |
|
18,480 |
|
Other taxes and social security costs |
1,017 |
|
4,734 |
|
Other creditors |
121,078 |
|
9,180 |
|
|
|
|
|
|
146,101 |
|
40,344 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Share capital |
Nominal |
|
2015 |
|
2015 |
|
2014 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
- |
|
1 |
|
1 |
|
|
|
|
|
|
|
|
|
|
| 8 |
Profit and loss account |
2015 |
| £ |
|
|
At 1 April 2014 |
143,993 |
|
Profit for the year |
82,550 |
|
Dividends |
(60,000) |
|
|
At 31 March 2015 |
166,543 |
|
|
|
|
|
|
|
|
| 9 |
Dividends |
2015 |
|
2014 |
| £ |
£ |
|
|
Dividends for which the company became liable during the year: |
|
Dividends paid |
60,000 |
|
50,000 |
|
|
|
|
|
|
|
|
|
