Byron-Grange Mortgages & Financial Services Limited - Period Ending 2016-05-31

Registration number: 08064538

Byron-Grange Mortgages & Financial Services Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 May 2016
 

Clever Accounts Limited
Carrwood Park
Selby Road
Leeds
West Yorkshire
LS15 4LG

Byron-Grange Mortgages & Financial Services Limited
Contents

Abbreviated Balance Sheet 1 to 2

Notes to the Abbreviated Accounts 3 to 4

Byron-Grange Mortgages & Financial Services Limited
(Registration number: 08064538)
Abbreviated Balance Sheet at 31 May 2016

		Note			2016 £			2015 £
Fixed assets
Intangible fixed assets					6,300			7,350
Tangible fixed assets					362			724
					6,662			8,074
Current assets
Debtors					4,970			2,760
Cash at bank and in hand					10,551			10,105
					15,521			12,865
Creditors: Amounts falling due within one year					(9,416)			(5,252)
Net current assets					6,105			7,613
Total assets less current liabilities					12,767			15,687
Creditors: Amounts falling due after more than one year					(12,766)			(13,161)
Net assets					1			2,526
Capital and reserves
Called up share capital		3			1			1
Profit and loss account					-			2,525
Shareholders' funds					1			2,526

For the year ending 31 May 2016 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 director acknowledges his 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 director on 2 August 2016

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 1

Byron-Grange Mortgages & Financial Services Limited
(Registration number: 08064538)
Abbreviated Balance Sheet at 31 May 2016
......... continued

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.........................................
Mr Martin Byron-Grange
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Byron-Grange Mortgages & Financial Services Limited
Notes to the Abbreviated Accounts for the Year Ended 31 May 2016
......... 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 January 2015).

Turnover

Turnover represents amounts chargeable in respect of the sale of goods and services to customers.

Goodwill

Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.

Amortisation

Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Amortisation method and rate
Goodwill	Straight line over 10 years

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
Computer Equipment	33%

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 3

Byron-Grange Mortgages & Financial Services Limited
Notes to the Abbreviated Accounts for the Year Ended 31 May 2016
......... continued

2	Fixed assets

		Intangible assets £			Tangible assets £			Total £
Cost
At 1 June 2015		10,500			1,086			11,586
At 31 May 2016		10,500			1,086			11,586
Depreciation
At 1 June 2015		3,150			362			3,512
Charge for the year		1,050			362			1,412
At 31 May 2016		4,200			724			4,924
Net book value
At 31 May 2016		6,300			362			6,662
At 31 May 2015		7,350			724			8,074

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary shares of £1 each		1			1			1			1

Page 4