Company Registration No. 09289964 (England and Wales)
FAMILY LAW ASSOCIATES LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2016
FAMILY LAW ASSOCIATES LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
FAMILY LAW ASSOCIATES LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2016
31 March 2016
- 1 -
2016
Notes
£
£
Fixed assets
Tangible assets
2
10,412
Current assets
Debtors
131,474
Cash at bank and in hand
122,282
253,756
Creditors: amounts falling due within one year
(157,105)
Net current assets
96,651
Total assets less current liabilities
107,063
Capital and reserves
Called up share capital
3
3,000
Profit and loss account
104,063
Shareholders' funds
107,063
For the financial period ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 27 July 2016
Ms J E Granby
Director
Company Registration No. 09289964
FAMILY LAW ASSOCIATES LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE PERIOD ENDED 31 MARCH 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for services net of VAT ..
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Computer equipment
33% straight line
Fixtures, fittings & equipment
20% straight line
2
Fixed assets
Tangible assets
£
Cost
At 31 October 2014
-
Additions
14,862
At 31 March 2016
14,862
Depreciation
At 31 October 2014
-
Charge for the period
4,450
At 31 March 2016
4,450
Net book value
At 31 March 2016
10,412
FAMILY LAW ASSOCIATES LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2016
- 3 -
3
Share capital
2016
£
Allotted, called up and fully paid
1,000 A Ordinary of £1 each
1,000
1,000 B Ordinary of £1 each
1,000
1,000 C Ordinary of £1 each
1,000
3,000
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