Pattinsons Accountancy Limited - Period Ending 2015-09-30

Registration number: 03727649

Pattinsons Accountancy Limited

Unaudited Abbreviated Accounts

for the Year Ended 30 September 2015
 

Pattinsons Accountancy Limited
Accountants
8 The Courtyard
Goldsmith Way
Eliot Business Pk
Nuneaton
Warwickshire
CV10 7RJ

Pattinsons Accountancy Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Pattinsons Accountancy Limited
(Registration number: 03727649)
Abbreviated Balance Sheet at 30 September 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets					15,180			15,827
Current assets
Debtors					171,577			188,161
Cash at bank and in hand					122			270
					171,699			188,431
Creditors: Amounts falling due within one year					(106,342)			(114,744)
Net current assets					65,357			73,687
Total assets less current liabilities					80,537			89,514
Creditors: Amounts falling due after more than one year					(35,638)			(66,173)
Net assets					44,899			23,341
Capital and reserves
Called up share capital		4			283			283
Profit and loss account					44,616			23,058
Shareholders' funds					44,899			23,341

For the year ending 30 September 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 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 30 June 2016

.........................................
Mr NP Russell
Director

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

Pattinsons Accountancy Limited
Notes to the Abbreviated Accounts for the Year Ended 30 September 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.

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

Asset class	Amortisation method and rate
Goodwill	straight line over 5 years

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
Computer equipment	4 years straight line basis
Investment properties	Straight line over the period of the lease
Office equipment	25% reducing balance

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

Pattinsons Accountancy Limited
Notes to the Abbreviated Accounts for the Year Ended 30 September 2015
......... continued

2	Fixed assets

		Intangible assets £			Tangible assets £			Total £
Cost
At 1 October 2014		209,369			82,730			292,099
Additions		-			2,319			2,319
At 30 September 2015		209,369			85,049			294,418
Depreciation
At 1 October 2014		209,369			66,903			276,272
Charge for the year		-			2,966			2,966
At 30 September 2015		209,369			69,869			279,238
Net book value
At 30 September 2015		-			15,180			15,180
At 30 September 2014		-			15,827			15,827

3

Creditors

Included in the creditors are the following amounts due after more than five years:

		2015 £			2014 £
After more than five years by instalments		427			2,289

4	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary shares of £0.10 each		2,833			283			2,833			283

Page 3