Andrew Smith Commercial Practice Limited - Abbreviated accounts

ANDREW SMITH COMMERCIAL PRACTICE LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 SEPTEMBER 2015

































Company Registration Number: 06687984

ANDREW SMITH COMMERCIAL PRACTICE LIMITED

ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2015


CONTENTS									PAGES



Company information									1

Balance sheet									2

Notes to the abbreviated financial statements									3 to 4

ANDREW SMITH COMMERCIAL PRACTICE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2015


DIRECTORS

A C Smith
Mrs K Smith


SECRETARY

The company does not have an appointed secretary


REGISTERED OFFICE

Harvestway House
28 High Street
Witney
Oxfordshire
OX28 6RA


COMPANY REGISTRATION NUMBER

06687984 England and Wales

ANDREW SMITH COMMERCIAL PRACTICE LIMITED

BALANCE SHEET
AS AT 30 September 2015


	Notes	2015		2014
		£		£

CURRENT ASSETS
Debtors		52,518		29,952
Cash at bank and in hand		2,466		1,397


		54,984		31,349

CREDITORS: Amounts falling due		54,862		30,705
within one year


NET CURRENT ASSETS			122		644


NET ASSETS			122		644



CAPITAL AND RESERVES
Called up share capital	3		1		1
Profit and loss account			121		643


SHAREHOLDERS' FUNDS			122		644



These abbreviated accounts have been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006 and with the Financial Reporting Standard for Smaller Entities (effective April 2008).

For the financial year ended 30 September 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

Members have not required the company to obtain an audit in accordance with section 476 of the Act.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

Signed on behalf of the board of directors


A C Smith
Director

Date approved by the board: 30 June 2016

ANDREW SMITH COMMERCIAL PRACTICE LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2015


1	STATEMENT OF ACCOUNTING POLICIES

	Accounting convention

	The accounts have been prepared under the historical cost convention and are based on accounts prepared in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

	Turnover

	Turnover represents the value of consultancy services rendered, stated net of value added tax.

	Tangible fixed assets

	Fixed assets are stated at cost less accumulated depreciation.

	Depreciation has been provided at the following rate so as to write off the cost less residual value of the assets over their estimated useful lives.

	Computer equipment	Straight line basis at 33.33% per annum

	Financial instruments

	Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either 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.

	Deferred taxation

	Deferred taxation is the taxation attributable to timing differences between profits computed for taxation purposes and profits as stated in the financial statements and is fully provided for, except in circumstances where losses are deemed irrecoverable, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.

2	TANGIBLE ASSETS
					Tangible assets
					£
	Cost
	At 1 October 2014				2,510


	At 30 September 2015				2,510


	Accumulated depreciation
	At 1 October 2014				2,510


	At 30 September 2015				2,510


	Net book value
	At 1 October 2014				-


	At 30 September 2015				-


3	SHARE CAPITAL
		Nominal value	Number	2015	2014
		£		£	£
	Allotted, called up and fully paid:
	Ordinary share	1	1	1	1


4	DIRECTORS' TRANSACTIONS

	The company made an advance to the directors during the year. The following amount was due to the company at the year end:

				2015	2014
				£	£
	A C Smith and Mrs K Smith			13,719	29,468


	The maximum amount due to the company from the directors during the year was as follows:

				2015	2014
				£	£
	A C Smith and Mrs K Smith			89,287	111,080