Neil Buxton Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 04721817 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 March 2016

for

Neil Buxton Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

N W Buxton

Mrs C A Buxton

SECRETARY:

N W Buxton

REGISTERED OFFICE:

Autumn Cottage

30 Ganghill

Guildford

Surrey

GU1 1XF

REGISTERED NUMBER:

04721817 (England and Wales)

ACCOUNTANTS:

Roffe Swayne

Chartered Accountants

Ashcombe Court

Woolsack Way

Godalming

Surrey

GU7 1LQ

FIXED ASSETS

Tangible assets

2

1,391

1,972

CURRENT ASSETS

Debtors

59,466

166,950

Cash at bank

66,546

25,388

126,012

192,338

CREDITORS

Amounts falling due within one year

47,935

51,238

NET CURRENT ASSETS

78,077

141,100

TOTAL ASSETS LESS CURRENT LIABILITIES

79,468

143,072

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

79,368

142,972

SHAREHOLDERS' FUNDS

79,468

143,072

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 5 September 2016 and were signed on its behalf by:

N W Buxton - 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 January 2015).

Turnover

Turnover represents amounts invoiced net of value added tax for services rendered.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Office equipment

-

25% on cost

Computer equipment

-

25% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at

the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of

exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at

the operating result.

Pension costs and other post-retirement benefits

Pension costs relate to amounts paid into individual's personal pension schemes.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

7,339

Additions

102

At 31 March 2016

7,441

DEPRECIATION

At 1 April 2015

5,367

Charge for year

683

At 31 March 2016

6,050

NET BOOK VALUE

At 31 March 2016

1,391

At 31 March 2015

1,972

3.	CALLED UP SHARE CAPITAL

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2016 and

31 March 2015:

2016

2015

£

£

Mrs C A Buxton and N W Buxton

Balance outstanding at start of year

68,985

26,275

Amounts advanced

-

175,977

Amounts repaid

(68,985

)

(133,267

)

Balance outstanding at end of year

-

68,985

5.	CONTROLLING PARTY