R_M_CALLAGHAN_&_ASSOCIATE - Accounts

R M CALLAGHAN & ASSOCIATES LIMITED - Company Information

Print Friendly Version

Company Registration No. 07475959 (England and Wales)

R M CALLAGHAN & ASSOCIATES LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2016

R M CALLAGHAN & ASSOCIATES LIMITED

CONTENTS

Page

Accountants' report

Abbreviated balance sheet

2 - 3

Notes to the abbreviated accounts

4 - 5

R M CALLAGHAN & ASSOCIATES LIMITED

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF R M CALLAGHAN & ASSOCIATES LIMITED FOR THE YEAR ENDED 31 MARCH 2016

- 1 -

The following reproduces the text of the Accountants' Report prepared in respect of the company's annual unaudited financial statements, from which the unaudited abbreviated financial statements set out on pages 2 to 5 have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of R M Callaghan & Associates Limited for the year ended 31 March 2016 set out on pages 3 to 10 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/members/regulations-standards-and-guidance/.

This report is made solely to the Board of Directors of R M Callaghan & Associates Limited, as a body, in accordance with the terms of our engagement letter dated 1 May 2015. Our work has been undertaken solely to prepare for your approval the financial statements of R M Callaghan & Associates Limited and state those matters that we have agreed to state to the Board of Directors of R M Callaghan & Associates Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than R M Callaghan & Associates Limited and its Board of Directors as a body, for our work or for this report.

It is your duty to ensure that R M Callaghan & Associates Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of R M Callaghan & Associates Limited. You consider that R M Callaghan & Associates Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of R M Callaghan & Associates Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Trevor Jones & Co

22 August 2016

Chartered Accountants

Old Bank Chambers

582-586 Kingsbury Road

Erdington

Birmingham

B24 9ND

R M CALLAGHAN & ASSOCIATES LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2016

- 2 -

2016

2015

Notes

Fixed assets

Intangible assets

131,250

140,000

Tangible assets

34,881

43,925

166,131

183,925

Current assets

Stocks

13,882

13,367

Debtors

3,727

2,536

Cash at bank and in hand

5,221

3,663

22,830

19,566

Creditors: amounts falling due within one year

(30,726)

(59,624)

Net current liabilities

(7,896)

(40,058)

Total assets less current liabilities

158,235

143,867

Provisions for liabilities

(2,700)

(4,000)

155,535

139,867

Capital and reserves

Called up share capital

100

Profit and loss account

155,435

139,767

Shareholders' funds

155,535

139,867

R M CALLAGHAN & ASSOCIATES LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 MARCH 2016

- 3 -

For the financial year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his 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 18 August 2016

Mr R M Callaghan

Director

Company Registration No. 07475959

R M CALLAGHAN & ASSOCIATES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

- 4 -

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 January 2015).

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 the supply of chiropody and podiatry treatment, income is recognised when the service is provided.

1.4

Goodwill

Acquired goodwill is written off in equal annual instalments over its estimated useful economic life, which is deemed to be twenty years.

1.5

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:

Tenants improvements

10% Straight line

Plant and machinery

25% Straight line

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 1 April 2015

175,000

59,707

234,707

Additions

925

At 31 March 2016

175,000

60,632

235,632

Depreciation

At 1 April 2015

35,000

15,782

50,782

Charge for the year

8,750

9,969

18,719

At 31 March 2016

43,750

25,751

69,501

Net book value

At 31 March 2016

131,250

34,881

166,131

At 31 March 2015

140,000

43,925

183,925

R M CALLAGHAN & ASSOCIATES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2016

- 5 -

Creditors: amounts falling due within one year

The aggregate amount of creditors for which security has been given amounted to £0 (2015 - £425).

Share capital

2016

2015

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100