Tyzzer Associates Limited - Period Ending 2016-01-31

Registration number: 06047077

Tyzzer Associates Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 January 2016
 

AIMS Accountants For Business
3 Foden Close
Shenstone
Staffordshire
WS14 0LE

Tyzzer Associates Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Tyzzer Associates Limited
for the Year Ended 31 January 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Tyzzer Associates Limited for the year ended 31 January 2016 set out on pages 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 (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Tyzzer Associates Limited, as a body, in accordance with the terms of our engagement letterdated 1 February 2007. Our work has been undertaken solely to prepare for your approval the accounts of Tyzzer Associates Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Tyzzer Associates Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Tyzzer Associates Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Tyzzer Associates Limited. You consider that Tyzzer 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 accounts of Tyzzer 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 accounts.

......................................

AIMS Accountants For Business
3 Foden Close
Shenstone
Staffordshire
WS14 0LE

26 August 2016

Page 1

Tyzzer Associates Limited
(Registration number: 06047077)
Abbreviated Balance Sheet at 31 January 2016

		Note			2016 £			2015 £
Fixed assets
Intangible fixed assets					900			1,800
Current assets
Debtors					-			12
Creditors: Amounts falling due within one year					(13,884)			(13,823)
Net current liabilities					(13,884)			(13,811)
Net liabilities					(12,984)			(12,011)
Capital and reserves
Called up share capital		3			3			3
Profit and loss account					(12,987)			(12,014)
Shareholders' deficit					(12,984)			(12,011)

For the year ending 31 January 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 her 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 26 August 2016

.........................................
Mrs Joanne Tyzzer
Director

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

Tyzzer Associates Limited
Notes to the Abbreviated Accounts for the Year Ended 31 January 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, net of value added tax, in respect of the sale of goods and services to customers.

Goodwill

Goodwill is the difference between the fair value of consideration paid for an acquired entity and the aggregate of the fair value of the entity's identifiable assets and liabilities.

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 or valuation, less any estimated residual value over their expected useful economic life as follows:

Asset class	Amortisation method and rate
Goodwill	10% straight line basis

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
Office equipment	25% straight line basis

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

Tyzzer Associates Limited
Notes to the Abbreviated Accounts for the Year Ended 31 January 2016
......... continued

2	Fixed assets

		Intangible assets £			Tangible assets £			Total £
Cost
At 1 February 2015		9,000			1,507			10,507
At 31 January 2016		9,000			1,507			10,507
Depreciation
At 1 February 2015		7,200			1,507			8,707
Charge for the year		900			-			900
At 31 January 2016		8,100			1,507			9,607
Net book value
At 31 January 2016		900			-			900
At 31 January 2015		1,800			-			1,800

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary shares of £1 each		3			3			3			3

4	Related party transactions

Director's advances and credits

	2016 Advance/ Credit £	2016 Repaid £	2015 Advance/ Credit £	2015 Repaid £
Mrs Joanne Tyzzer
Monies advanced to assist company's working capital	13,825	-	13,811	-

Page 4