Andy S Hayes & Associates Limited - Period Ending 2015-10-31

Registration number: SC349169

Andy S Hayes & Associates Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 October 2015
 

Andy S Hayes & Associates Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Andy S Hayes & Associates Limited
(Registration number: SC349169)
Abbreviated Balance Sheet at 31 October 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets					8,004			1,531
Current assets
Stocks					1,584			1,980
Cash at bank and in hand					-			362
					1,584			2,342
Creditors: Amounts falling due within one year					(16,355)			(5,684)
Net current liabilities					(14,771)			(3,342)
Total assets less current liabilities					(6,767)			(1,811)
Provisions for liabilities					-			(306)
Net liabilities					(6,767)			(2,117)
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					(6,867)			(2,217)
Shareholders' deficit					(6,767)			(2,117)

For the year ending 31 October 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 directors acknowledge their 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 Board on 20 July 2016 and signed on its behalf by:

.........................................
A S Hayes
Director

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

Andy S Hayes & Associates Limited
Notes to the Abbreviated Accounts for the Year Ended 31 October 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).

Going concern

The financial statements have been prepared on a going concern basis, as the directors will not drawdown their loan account to the detriment of the company.

Turnover

Turnover represents gross invoiced sales of services.

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
Plant and machinery	25% on cost
Fixtures and fittings	25% on cost
Computer equipment	25% on cost

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Deferred tax

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

Page 2

Andy S Hayes & Associates Limited
Notes to the Abbreviated Accounts for the Year Ended 31 October 2015
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 November 2014		23,456			23,456
Additions		9,599			9,599
At 31 October 2015		33,055			33,055
Depreciation
At 1 November 2014		21,925			21,925
Charge for the year		3,126			3,126
At 31 October 2015		25,051			25,051
Net book value
At 31 October 2015		8,004			8,004
At 31 October 2014		1,531			1,531

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary shares of £1 each		100			100			100			100

Page 3