Grant Taylor Accountants Ltd - Abbreviated accounts

GRANT TAYLOR ACCOUNTANTS LIMITED - Company Information

Registered number

08491434

Grant Taylor Accountants Ltd

Abbreviated Accounts

31 March 2016

Grant Taylor Accountants Ltd
Registered number:		08491434
Abbreviated Balance Sheet
as at 31 March 2016

Notes			2016			2015
£				£
Fixed assets
Intangible assets	2		-			4,222
Tangible assets	3		932			979
			932			5,201

Current assets
Debtors		9,402			7,056
Cash at bank and in hand		5			5
		9,407			7,061

Creditors: amounts falling due within one year		(10,203)			(11,826)

Net current liabilities			(796)			(4,765)

Net assets			136			436

Capital and reserves
Called up share capital	4		2			2
Profit and loss account			134			434

Shareholders' funds			136			436

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an 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.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.



Mr GSV Taylor FCA
Director
Approved by the board on 28 July 2016

Grant Taylor Accountants Ltd
Notes to the Abbreviated Accounts
for the year ended 31 March 2016

1	Accounting policies

	Basis of preparation
	The accounts 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 the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

	Depreciation
	Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

	Plant and machinery			20% reducing balance


	Stocks
	Stock is valued at the lower of cost and net realisable value.

	Leasing and hire purchase commitments
	Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding. Rentals paid under operating leases are charged to income on a straight line basis over the lease term.


2	Intangible fixed assets					£

	Cost
	At 1 April 2015					10,132
	At 31 March 2016					10,132

	Amortisation
	At 1 April 2015					5,910
	Provided during the year					4,222
	At 31 March 2016					10,132

	Net book value
	At 31 March 2016					-
	At 31 March 2015					4,222


3	Tangible fixed assets					£

	Cost
	At 1 April 2015					1,496
	Additions					264
	At 31 March 2016					1,760

	Depreciation
	At 1 April 2015					517
	Charge for the year					311
	At 31 March 2016					828

	Net book value
	At 31 March 2016					932
	At 31 March 2015					979


4	Share capital	Nominal		2016		2016		2015
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		2		2		2


5	Loans to directors
	Description and conditions	B/fwd	Paid		Repaid		C/fwd
£			£		£		£
	Mr Grant Taylor FCA
	Advances to director	5,658		30,479		(27,248)		8,889

		5,658		30,479		(27,248)		8,889