531 Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 05991795 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 30 November 2015

for

531 Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

H Stribley

Mrs A C Stribley

SECRETARY:

P Stribley

REGISTERED OFFICE:

1 Oak Tree Drive

Liss

Hampshire

GU33 7HW

REGISTERED NUMBER:

05991795 (England and Wales)

ACCOUNTANTS:

Behegan Lynes

Accountancy & Taxation Advisers

Bank Chambers

Brook Street

Bishops Waltham

Hampshire

SO32 1AX

FIXED ASSETS

Tangible assets

2

2,670

3,315

CURRENT ASSETS

Debtors

587

790

Cash at bank

6,307

2,629

6,894

3,419

CREDITORS

Amounts falling due within one year

8,261

5,974

NET CURRENT LIABILITIES

(1,367

)

(2,555

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,303

760

PROVISIONS FOR LIABILITIES

534

663

NET ASSETS

769

97

CAPITAL AND RESERVES

Called up share capital

3

10

Profit and loss account

759

87

SHAREHOLDERS' FUNDS

769

97

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2015 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 12 March 2016 and were signed on its behalf by:

H Stribley - Director

Mrs A C Stribley - 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.

Tangible fixed assets

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

Plant & machinery

-

20% on reducing balance

Computer equipment

-

33% on cost

Deferred tax

Full provision is made for deferred tax assets and liabilities arising from all timing differences between the

recognition of gains and losses in the financial statements and recognition in the tax computation.

A net deferred asset is recognised only if it can be regarded as more likely than not that there will be suitable

profits from which the future reversal of the underlying timing differences can be deducted.

Deferred tax assets and liabilities are calculated at the tax rates expected to be effective at the time the timing

differences are expected to reverse.

Deferred tax assets and liabilities are not discounted.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2014

8,966

Additions

403

At 30 November 2015

9,369

DEPRECIATION

At 1 December 2014

5,651

Charge for year

1,048

At 30 November 2015

6,699

NET BOOK VALUE

At 30 November 2015

2,670

At 30 November 2014

3,315

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.15

30.11.14

value:

£

10

Ordinary

£1

10