Colin Richardson Accountants Limited - Period Ending 2015-10-31

Registration number: 04945362

Colin Richardson Accountants Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 October 2015
 

Mr Colin Richardson
Waterloo House
17 Waterloo Road
Norwich
Norfolk
NR3 1EH

Colin Richardson Accountants Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Colin Richardson Accountants Limited
for the Year Ended 31 October 2015

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Colin Richardson Accountants Limited for the year ended 31 October 2015 set out on pages from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Colin Richardson Accountants Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Colin Richardson Accountants Limited.. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Colin Richardson Accountants Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Colin Richardson Accountants Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Colin Richardson Accountants Limited. You consider that Colin Richardson Accountants 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 accounts of Colin Richardson Accountants 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 accounts.

......................................

Mr Colin Richardson
Waterloo House
17 Waterloo Road
Norwich
Norfolk
NR3 1EH

6 February 2016

Page 1

Colin Richardson Accountants Limited
(Registration number: 04945362)
Abbreviated Balance Sheet at 31 October 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets					10,737			51
Current assets
Stocks					6,612			5,560
Debtors					169,935			162,251
Cash at bank and in hand					84,040			75,706
					260,587			243,517
Creditors: Amounts falling due within one year					(28,020)			(42,315)
Net current assets					232,567			201,202
Net assets					243,304			201,253
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					243,204			201,153
Shareholders' funds					243,304			201,253

For the year ending 31 October 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 5 February 2016 and signed on its behalf by:

.........................................
Mr Colin Richardson
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Colin Richardson Accountants Limited
Notes to the Abbreviated Accounts for the Year Ended 31 October 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so at to write off the cost or valuation, less any estimates residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Office equipment	20% reducing balance

Work in progress

Work in progress is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 3

Colin Richardson Accountants Limited
Notes to the Abbreviated Accounts for the Year Ended 31 October 2015
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 November 2014		569			569
Additions		11,987			11,987
At 31 October 2015		12,556			12,556
Depreciation
At 1 November 2014		518			518
Charge for the year		1,301			1,301
At 31 October 2015		1,819			1,819
Net book value
At 31 October 2015		10,737			10,737
At 31 October 2014		51			51

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary of £1 each		100			100			100			100

Page 4