Archwood Accountants Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 05409126 (England and Wales)

Abbreviated Accounts

for the Year Ended 31 March 2016

for

Archwood Accountants Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

A S Foxcroft

M P Obertelli

SECRETARY:

Mrs D L Foxcroft

REGISTERED OFFICE:

Archwood House

46-48 Long Street

Middleton

Manchester

M24 6UQ

REGISTERED NUMBER:

05409126 (England and Wales)

ACCOUNTANTS:

Archwood Accountants

Archwood House

46-48 Long Street

Middleton

Manchester

M24 6UQ

BANKERS:

Natwest Bank plc

15 Bridge Street

Ramsbottom

Bury

BL0 9WN

FIXED ASSETS

Intangible assets

2

30,373

60,746

CURRENT ASSETS

Debtors

69,513

69,329

Cash at bank and in hand

48,706

118,307

118,219

187,636

CREDITORS

Amounts falling due within one year

67,626

67,411

NET CURRENT ASSETS

50,593

120,225

TOTAL ASSETS LESS CURRENT
LIABILITIES

80,966

180,971

CAPITAL AND RESERVES

Called up share capital

3

200

Profit and loss account

80,766

180,771

SHAREHOLDERS' FUNDS

80,966

180,971

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 7 July 2016 and were signed on its behalf by:

A S Foxcroft - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention.

Financial reporting standard number 1

Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a

small company.

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of ten years.

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 April 2015

and 31 March 2016

303,726

AMORTISATION

At 1 April 2015

242,980

Amortisation for year

30,373

At 31 March 2016

273,353

NET BOOK VALUE

At 31 March 2016

30,373

At 31 March 2015

60,746

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

100

Ordinary A

£1

100

Ordinary B

£1

100

200