Abbreviated Company Accounts - HALF PENNY ACCOUNTANTS LIMITED

SPRING FINANCIAL SERVICES LIMITED - Company Information

Registered Number 04182243

HALF PENNY ACCOUNTANTS LIMITED

Abbreviated Accounts

30 April 2015

HALF PENNY ACCOUNTANTS LIMITED Registered Number 04182243

Abbreviated Balance Sheet as at 30 April 2015

	Notes	2015	2014
		£	£
Fixed assets
Intangible assets	2	148,717	43,767
Tangible assets	3	7,644	9,820
		156,361	53,587
Current assets
Stocks		18,693	17,565
Debtors		90,694	91,502
Cash at bank and in hand		313	5,154
		109,700	114,221
Creditors: amounts falling due within one year		(238,121)	(133,048)
Net current assets (liabilities)		(128,421)	(18,827)
Total assets less current liabilities		27,940	34,760
Creditors: amounts falling due after more than one year		(6,391)	(8,161)
Total net assets (liabilities)		21,549	26,599
Capital and reserves
Called up share capital		15,100	15,100
Profit and loss account		6,449	11,499
Shareholders' funds		21,549	26,599

For the year ending 30 April 2015 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 30 January 2016

And signed on their behalf by:
S J Yeomans, Director

HALF PENNY ACCOUNTANTS LIMITED Registered Number 04182243

Notes to the Abbreviated Accounts for the period ended 30 April 2015

1Accounting Policies

Basis of measurement and preparation of accounts
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 policy
Turnover represents net invoiced sales of services excluding value added tax.

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life as follows:

Office Equipment - 50% straight line
Motor Vehicles - 25% reducing balance

Intangible assets amortisation policy
Goodwill, being the amount paid in connection with the acquisition of the business in 2003 and a further acquisition in 2014, is being amortised evenly over its estimated useful life of 20 years.

2Intangible fixed assets

	£
Cost
At 1 May 2014	86,000
Additions	115,000
Disposals	-
Revaluations	-
Transfers	-
At 30 April 2015	201,000
Amortisation
At 1 May 2014	42,233
Charge for the year	10,050
On disposals	-
At 30 April 2015	52,283
Net book values
At 30 April 2015	148,717
At 30 April 2014	43,767

3Tangible fixed assets

	£
Cost
At 1 May 2014	22,853
Additions	1,788
Disposals	-
Revaluations	-
Transfers	-
At 30 April 2015	24,641
Depreciation
At 1 May 2014	13,033
Charge for the year	3,964
On disposals	-
At 30 April 2015	16,997
Net book values
At 30 April 2015	7,644
At 30 April 2014	9,820