Ashley Kneale Consultancy Ltd - Period Ending 2016-03-31

Registration number: 07541275

Ashley Kneale Consultancy Ltd

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2016
 

HML Davies Limited
Chartered Certified Accountants
9 Riverside
Waters Meeting Road
Bolton
BL1 8TU

Ashley Kneale Consultancy Ltd
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Ashley Kneale Consultancy Ltd
(Registration number: 07541275)
Abbreviated Balance Sheet at 31 March 2016

		Note			2016 £			2015 £
Fixed assets
Intangible fixed assets		2			121,500			105,000
Tangible fixed assets		2			653			726
					122,153			105,726
Current assets
Debtors					3,663			8,588
Cash at bank and in hand					145,688			115,687
					149,351			124,275
Creditors: Amounts falling due within one year					(32,185)			(28,587)
Net current assets					117,166			95,688
Total assets less current liabilities					239,319			201,414
Creditors: Amounts falling due after more than one year					-			(10,000)
Net assets					239,319			191,414
Capital and reserves
Called up share capital		3			1			1
Profit and loss account					239,318			191,413
Shareholders' funds					239,319			191,414

For the year ending 31 March 2016 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 director acknowledges his 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 director on 7 April 2016

.........................................
Mr R Lavecchia
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Ashley Kneale Consultancy Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... 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 January 2015).

Turnover

Turnover represents amounts chargeable in respect of the sale of goods and services to customers.

Goodwill

Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.

Amortisation

Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Amortisation method and rate
Goodwill	10% straight line

Depreciation

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

Asset class	Depreciation method and rate
Office equipment	50% straight line

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

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 2

Ashley Kneale Consultancy Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued

2	Fixed assets

		Intangible assets £			Tangible assets £			Total £
Cost
At 1 April 2015		105,000			1,452			106,452
Additions		30,000			1,308			31,308
At 31 March 2016		135,000			2,760			137,760
Depreciation
At 1 April 2015		-			726			726
Charge for the year		13,500			1,381			14,881
At 31 March 2016		13,500			2,107			15,607
Net book value
At 31 March 2016		121,500			653			122,153
At 31 March 2015		105,000			726			105,726

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary of £1 each		1			1			1			1

Page 3