Scott Mihajlovic Associates Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 02875095 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 30 November 2015

for

SCOTT MIHAJLOVIC ASSOCIATES LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

Chartered Accountants' Report

4

DIRECTOR:

Ms E M Scott

SECRETARY:

D Mihajlovic

REGISTERED OFFICE:

25 Aden Grove

London

N16 9NP

REGISTERED NUMBER:

02875095 (England and Wales)

ACCOUNTANTS:

The Trevor Jones Partnership LLP

Chartered Accountants

Springfield House

99/101 Crossbrook Street

Waltham Cross

Hertfordshire

EN8 8JR

FIXED ASSETS

Tangible assets

2

1,339

1,999

CURRENT ASSETS

Debtors

14,424

-

Cash at bank

15,912

719

30,336

719

CREDITORS

Amounts falling due within one year

31,417

35,767

NET CURRENT LIABILITIES

(1,081

)

(35,048

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

258

(33,049

)

CAPITAL AND RESERVES

Called up share capital

3

2

Profit and loss account

256

(33,051

)

SHAREHOLDERS' FUNDS

258

(33,049

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 24 August 2016 and were signed by:

Ms E M Scott - 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 April 2008).

Turnover

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

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

-

Reducing balance over 3 years

Computer equipment

-

Reducing balance over 3 years

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2014

and 30 November 2015

31,949

DEPRECIATION

At 1 December 2014

29,950

Charge for year

660

At 30 November 2015

30,610

NET BOOK VALUE

At 30 November 2015

1,339

At 30 November 2014

1,999

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

2

Ordinary

£1

2

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2015 and

30 November 2014:

2015

2014

£

Ms E M Scott

Balance outstanding at start of year

(31,287

)

(35,116

)

Amounts advanced

123,609

14,579

Amounts repaid

(82,293

)

(10,750

)

Balance outstanding at end of year

10,029

(31,287

)

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to three)

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 Scott Mihajlovic Associates Limited for the year ended 30 November 2015 which comprise the

Profit and Loss Account, the Balance Sheet and the related notes 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 director of Scott Mihajlovic Associates Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Scott Mihajlovic Associates Limited and state those matters that we have agreed to state to the director of Scott Mihajlovic Associates Limited 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 the company and its director for our work or for this report.

It is your duty to ensure that Scott Mihajlovic 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 Scott Mihajlovic Associates Limited. You consider that Scott Mihajlovic 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 Scott Mihajlovic 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.