EVANS_&_PARTNERS_LTD - Accounts

EVANS_&_PARTNERS_LTD - Accounts

EVANS & PARTNERS LTD. - Company Information

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Company Registration No. 03270474 (England and Wales)
EVANS & PARTNERS LTD
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2015
EVANS & PARTNERS LTD
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
EVANS & PARTNERS LTD
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2015
31 March 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Intangible assets
2
210,000
-
Tangible assets
2
3,096
-
213,096
-
Current assets
Stocks
114,966
-
Debtors
153,904
2
Cash at bank and in hand
10,310
-
279,180
2
Creditors: amounts falling due within one year
(491,151)
-
Net current liabilities/(assets)
(211,971)
2
Total assets less current liabilities
1,125
2
Capital and reserves
Called up share capital
3
180
2
Profit and loss account
945
-
Shareholders'  funds
1,125
2
For the financial year ended 31 March 2015 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 24 December 2015
Mr D Morland
Director
Company Registration No. 03270474
EVANS & PARTNERS LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2015
- 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 installments over its estimated useful economic life of 8 years . of 8 years.

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:
Computer equipment
60% reducing balance
1.6
Leasing and hire purchase commitments
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
1.7
Stock and work in progress
Work in progress is valued at the lower of cost and net realisable value.
1.8
Pensions
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable.
1.9
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.
EVANS & PARTNERS LTD
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2015
- 3 -
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 April 2014
-
2,000
2,000
Additions
240,000
4,740
244,740
At 31 March 2015
240,000
6,740
246,740
Depreciation
At 1 April 2014
-
-
-
Charge for the year
30,000
3,644
33,644
At 31 March 2015
30,000
3,644
33,644
Net book value
At 31 March 2015
210,000
3,096
213,096
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
900 A Shares of 10p each
90
1
900 B Shares of 10p each
90
1
180
2
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