Heslops Associates Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 08031274 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 May 2016

for

Heslops Associates Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

J P R Prevost FCA

SECRETARY:

White House Secretaries Limited

REGISTERED OFFICE:

111 Milford Road

Lymington

Hampshire

SO41 8DN

REGISTERED NUMBER:

08031274 (England and Wales)

ACCOUNTANTS:

Heslops Associates Limited

111 Milford Road

Lymington

Hampshire

SO41 8DN

FIXED ASSETS

Intangible assets

2

160,000

Tangible assets

3

2,318

3,692

162,318

163,692

CURRENT ASSETS

Debtors

57,993

65,888

Cash at bank

2,970

-

60,963

65,888

CREDITORS

Amounts falling due within one year

64,742

119,455

NET CURRENT LIABILITIES

(3,779

)

(53,567

)

TOTAL ASSETS LESS CURRENT LIABILITIES

158,539

110,125

CAPITAL AND RESERVES

Called up share capital

4

1

Profit and loss account

158,538

110,124

SHAREHOLDERS' FUNDS

158,539

110,125

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 9 June 2016 and were signed by:

J P R Prevost FCA - 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 January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

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

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet

date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2015

and 31 May 2016

200,000

AMORTISATION

At 1 June 2015

and 31 May 2016

40,000

NET BOOK VALUE

At 31 May 2016

160,000

At 31 May 2015

160,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2015

and 31 May 2016

5,491

DEPRECIATION

At 1 June 2015

1,799

Charge for year

1,374

At 31 May 2016

3,173

NET BOOK VALUE

At 31 May 2016

2,318

At 31 May 2015

3,692

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.16

31.5.15

value:

£

1

Ordinary

1