Pedley Accountants Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 08224432 (England and Wales)

Abbreviated Unaudited Accounts For The Year Ended 30 September 2015

for

Pedley Accountants Limited

Trading as

Pedley & Co

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

J J Marchant FCCA

J Watson FCCA

REGISTERED OFFICE:

82 Nottingham Road

Somercotes

Alfreton

Derbyshire

DE55 4LY

REGISTERED NUMBER:

08224432 (England and Wales)

ACCOUNTANTS:

Pedley & Co.

Chartered Certified Accountants

82 Nottingham Road

Somercotes

Alfreton

Derbyshire

DE55 4LY

FIXED ASSETS

Intangible assets

2

256,539

271,539

Tangible assets

3

2,982

3,727

259,521

275,266

CURRENT ASSETS

Debtors

48,925

71,612

Cash at bank and in hand

12,370

4,228

61,295

75,840

CREDITORS

Amounts falling due within one year

276,328

250,608

NET CURRENT LIABILITIES

(215,033

)

(174,768

)

TOTAL ASSETS LESS CURRENT LIABILITIES

44,488

100,498

PROVISIONS FOR LIABILITIES

10,463

10,276

NET ASSETS

34,025

90,222

CAPITAL AND RESERVES

Called up share capital

4

3

3

Profit and loss account

34,022

90,219

SHAREHOLDERS' FUNDS

34,025

90,222

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 30 June 2016 and were signed on its behalf by:

J Watson FCCA - 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 services, 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 twenty years.

Tangible fixed assets

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

Fixtures and fittings

-

20% on reducing balance

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 October 2014

and 30 September 2015

301,539

AMORTISATION

At 1 October 2014

30,000

Amortisation for year

15,000

At 30 September 2015

45,000

NET BOOK VALUE

At 30 September 2015

256,539

At 30 September 2014

271,539

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2014

and 30 September 2015

5,047

DEPRECIATION

At 1 October 2014

1,320

Charge for year

745

At 30 September 2015

2,065

NET BOOK VALUE

At 30 September 2015

2,982

At 30 September 2014

3,727

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

2

Ordinary A

£1

2

2

1

Ordinary B

£1

1

1

3

3