Abbreviated Company Accounts - IAIN S DEVINE & PARTNERS LIMITED

IAIN S DEVINE & PARTNERS LIMITED - Company Information

06430700 IAIN S DEVINE & PARTNERS LIMITED 2015-11-30 false 2014-12-01 2015-11-30 true 06430700 2014-12-01 2015-11-30 06430700 2015-11-30 06430700 2014-11-30 06430700 uk-gaap-cd-bus:Director1 2014-12-01 2015-11-30 06430700 uk-gaap-cd-bus:Director2 2014-12-01 2015-11-30 uk-gaap-cd-bus:Director3 2014-12-01 2015-11-30 uk-gaap-cd-bus:Director3 2015-11-30 uk-gaap-cd-bus:Director3 2014-11-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-12-01 2015-11-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-11-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-11-30 iso4217:GBP shares

Registered Number 06430700

IAIN S DEVINE & PARTNERS LIMITED

Abbreviated Accounts

30 November 2015

IAIN S DEVINE & PARTNERS LIMITED Registered Number 06430700

Abbreviated Balance Sheet as at 30 November 2015

	Notes	2015	2014
		£	£
Fixed assets
Intangible assets	2	60,000	67,500
Tangible assets	3	36,695	25,912
		96,695	93,412
Current assets
Stocks		424	416
Debtors		27,117	9,888
Cash at bank and in hand		486	505
		28,027	10,809
Creditors: amounts falling due within one year		(61,576)	(48,071)
Net current assets (liabilities)		(33,549)	(37,262)
Total assets less current liabilities		63,146	56,150
Total net assets (liabilities)		63,146	56,150
Capital and reserves
Called up share capital	4	2	2
Profit and loss account		63,144	56,148
Shareholders' funds		63,146	56,150

For the year ending 30 November 2015 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 directors acknowledge their 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 Board on 1 August 2016

And signed on their behalf by:
Mr I S Devine, Director
Mrs K E Devine, Director

IAIN S DEVINE & PARTNERS LIMITED Registered Number 06430700

Notes to the Abbreviated Accounts for the period ended 30 November 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the work done and fees due for the year exclusive of VAT.

Tangible assets depreciation policy
Depreciation is provided at 15% on Office Equipment on the reducing balance method. Property Improvements are shown at cost.

Intangible assets amortisation policy
Goodwill is written off over its expected useful life of 10 years.

2Intangible fixed assets

	£
Cost
At 1 December 2014	75,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 November 2015	75,000
Amortisation
At 1 December 2014	7,500
Charge for the year	7,500
On disposals	-
At 30 November 2015	15,000
Net book values
At 30 November 2015	60,000
At 30 November 2014	67,500

3Tangible fixed assets

	£
Cost
At 1 December 2014	45,463
Additions	15,586
Disposals	-
Revaluations	-
Transfers	-
At 30 November 2015	61,049
Depreciation
At 1 December 2014	19,551
Charge for the year	4,803
On disposals	-
At 30 November 2015	24,354
Net book values
At 30 November 2015	36,695
At 30 November 2014	25,912

4Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
2 Ordinary shares of £1 each	2	2

5Transactions with directors

Name of director receiving advance or credit:	Mr I S Devine
Description of the transaction:	Interest free loan
Balance at 1 December 2014:	£ 0
Advances or credits made:	£ 16,896
Advances or credits repaid:	-
Balance at 30 November 2015:	£ 16,896