T P Lewis & Partners (BOS) Limited - Abbreviated accounts 16.1

T P LEWIS & PARTNERS (BOS) LIMITED

ABBREVIATED UNAUDITED CESSATION ACCOUNTS

FOR THE PERIOD

1 APRIL 2014 TO 30 SEPTEMBER 2015

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

T P Lewis

Mrs L A Jones

Mrs R K Searle

REGISTERED OFFICE:

3/5 College Street

Burnham on Sea

Somerset

TA8 1AR

REGISTERED NUMBER:

05031995 (England and Wales)

FIXED ASSETS

Intangible assets

2

-

326,430

Tangible assets

3

-

12,709

-

339,139

CURRENT ASSETS

Debtors

802,576

727,283

Cash at bank and in hand

462,516

431,623

1,265,092

1,158,906

CREDITORS

Amounts falling due within one year

135,295

491,949

NET CURRENT ASSETS

1,129,797

666,957

TOTAL ASSETS LESS CURRENT LIABILITIES

1,129,797

1,006,096

PROVISIONS FOR LIABILITIES

-

2,055

NET ASSETS

1,129,797

1,004,041

CAPITAL AND RESERVES

Called up share capital

4

520

520

Profit and loss account

1,129,277

1,003,521

SHAREHOLDERS' FUNDS

1,129,797

1,004,041

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

The members have not required the company to obtain an audit of its financial statements for the period 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 23 December 2015 and were signed on its behalf by:

T P Lewis - 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 April 2008).

Turnover

Turnover represents net invoiced sales of goods and services, excluding value added tax, except in respect of

service contracts where turnover is recognised when the company obtains the right to consideration.

Goodwill

Goodwill, being the amount paid in connection with the incorporation of the directors' former accountancy

business on 1 May 2004, is being amortised evenly over its estimated useful life of twenty years.

A further block of fees was acquired in 2007 and the goodwill of £16,000 relating thereto is also being amortised

on the same basis.

All Goodwill was sold on 5 May 2015.

Tangible fixed assets

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

Office equipment

-

20% on cost

Furniture and fixtures

-

10% on cost

Computer equipment

-

33% on cost

Deferred tax

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

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

600,948

Disposals

(600,948

)

At 30 September 2015

-

AMORTISATION

At 1 April 2014

274,518

Amortisation for period

34,702

Eliminated on disposal

(309,220

)

At 30 September 2015

-

NET BOOK VALUE

At 30 September 2015

-

At 31 March 2014

326,430

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

118,751

Additions

10,125

Disposals

(128,876

)

At 30 September 2015

-

DEPRECIATION

At 1 April 2014

106,042

Charge for period

7,283

Eliminated on disposal

(113,325

)

At 30 September 2015

-

NET BOOK VALUE

At 30 September 2015

-

At 31 March 2014

12,709

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

5,200

Ordinary

10p

520

520

5.	ULTIMATE PARENT COMPANY

T P Lewis (Holdings) Limited. is regarded by the directors as being the company's ultimate parent company.

Dividends were paid to the parent company totalling £40,000 (2014 - £60,000).

6.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 30 September 2015 and the

year ended 31 March 2014:

2015

2014

£

£

T P Lewis

Balance outstanding at start of period

(33,726

)

41,786

Amounts advanced

201,645

126,488

Amounts repaid

(60,000

)

(202,000

)

Balance outstanding at end of period

107,919

(33,726

)

Interest at the official rate totalling £1,363 has been paid by the Director on loans from the company during the

year. The overdrawn balance has been cleared by 31 December 2015.

7.	RELATED PARTY DISCLOSURES

Bleadon Property Investments Limited

A company in which T P Lewis is a Director

During the period a loan of £421,962 to Bleadon Property Investments Limited has been written off as an

exceptional item in the profit and loss account.