Assureco Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 04614461 (England and Wales)

Abbreviated Accounts

for the Year Ended 31 December 2015

for

Assureco Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Mrs K J Goldberg

SECRETARY:

R H Goldberg

REGISTERED OFFICE:

Summit House

13 High Street

Wanstead

London

E11 2AA

REGISTERED NUMBER:

04614461 (England and Wales)

ACCOUNTANTS:

Friedmans

Summit House

13 High Street

Wanstead

London

E11 2AA

FIXED ASSETS

Intangible assets

2

-

Tangible assets

3

1,311

933

1,311

933

CURRENT ASSETS

Cash at bank

589,220

601,560

CREDITORS

Amounts falling due within one year

58,415

83,389

NET CURRENT ASSETS

530,805

518,171

TOTAL ASSETS LESS CURRENT
LIABILITIES

532,116

519,104

CAPITAL AND RESERVES

Called up share capital

4

1

Profit and loss account

532,115

519,103

SHAREHOLDERS' FUNDS

532,116

519,104

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director on 16 August 2016 and were signed by:

Mrs K J Goldberg - 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 January 2015).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2002, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

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

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Deferred tax

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

balance sheet date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

and 31 December 2015

30,000

AMORTISATION

At 1 January 2015

and 31 December 2015

30,000

NET BOOK VALUE

At 31 December 2015

-

At 31 December 2014

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

4,290

Additions

708

At 31 December 2015

4,998

DEPRECIATION

At 1 January 2015

3,357

Charge for year

330

At 31 December 2015

3,687

NET BOOK VALUE

At 31 December 2015

1,311

At 31 December 2014

933

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

1

Ordinary

£1

1