SHAW_&_UNDERWOOD_(ADVERTI - Accounts

SHAW AND UNDERWOOD (ADVERTISING SERVICES) LIMITED - Company Information

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Company Registration No. 00468291 (England and Wales)

SHAW & UNDERWOOD (ADVERTISING SERVICES) LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2016

SHAW & UNDERWOOD (ADVERTISING SERVICES) LIMITED

CONTENTS

PAGE

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

SHAW & UNDERWOOD (ADVERTISING SERVICES) LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2016

- 1 -

2016

2015

Notes

FIXED ASSETS

Tangible assets

8,238

12,322

CURRENT ASSETS

Debtors

250,888

200,716

Cash at bank and in hand

120,105

206,485

370,993

407,201

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

(173,490)

(166,214)

NET CURRENT ASSETS

197,503

240,987

TOTAL ASSETS LESS CURRENT LIABILITIES

205,741

253,309

CAPITAL AND RESERVES

Called up share capital

10,000

Other reserves

20,000

Profit and loss account

175,741

223,309

SHAREHOLDERS' FUNDS

205,741

253,309

SHAW & UNDERWOOD (ADVERTISING SERVICES) LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 MARCH 2016

- 2 -

For the financial year ended 31 March 2016 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 for issue on 27 May 2016

S R M Trott

DIRECTOR

COMPANY REGISTRATION NO. 00468291

SHAW & UNDERWOOD (ADVERTISING SERVICES) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

- 3 -

ACCOUNTING POLICIES

1.1

ACCOUNTING CONVENTION

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

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 ..

1.4

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:

Fixtures, fittings & equipment

-15% reducing balance & 20% straight line

1.5

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.

1.6

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.

1.7

FOREIGN CURRENCY TRANSLATION

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

SHAW & UNDERWOOD (ADVERTISING SERVICES) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2016

- 4 -

FIXED ASSETS

Tangible assets

COST

At 1 April 2015 & at 31 March 2016

25,218

DEPRECIATION

At 1 April 2015

12,896

Charge for the year

4,084

At 31 March 2016

16,980

NET BOOK VALUE

At 31 March 2016

8,238

At 31 March 2015

12,322

SHARE CAPITAL

2016

2015

ALLOTTED, CALLED UP AND FULLY PAID

4,500 'A' Ordinary of £1 each

4,500

4,500 'B' Ordinary of £1 each

4,500

1,000 'C' Ordinary of £1 each

1,000

10,000