Sale Property Consultants Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 07114573 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31ST DECEMBER 2015

FOR

SALE PROPERTY CONSULTANTS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

C P O'Donovan

Mrs J O'Donovan

SECRETARY:

Mrs J O'Donovan

REGISTERED OFFICE:

Lusmore House

14 Craven Terrace

Sale

Cheshire

M33 3GA

REGISTERED NUMBER:

07114573 (England and Wales)

ACCOUNTANTS:

KAY JOHNSON GEE LLP

1 City Road East

Manchester

M15 4PN

FIXED ASSETS

Tangible assets

2

36,246

36,209

CURRENT ASSETS

Debtors

175,100

56,919

Cash at bank

101,570

102,190

276,670

159,109

CREDITORS

Amounts falling due within one year

152,553

143,652

NET CURRENT ASSETS

124,117

15,457

TOTAL ASSETS LESS CURRENT LIABILITIES

160,363

51,666

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

160,263

51,566

SHAREHOLDERS' FUNDS

160,363

51,666

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2015 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 14th September 2016 and were signed on its behalf by:

C P O'Donovan - 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 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

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on cost

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st January 2015

59,862

Additions

17,278

Disposals

(10,000

)

At 31st December 2015

67,140

DEPRECIATION

At 1st January 2015

23,653

Charge for year

11,459

Eliminated on disposal

(4,218

)

At 31st December 2015

30,894

NET BOOK VALUE

At 31st December 2015

36,246

At 31st December 2014

36,209

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.15

31.12.14

value:

£

£

100

Ordinary

£1

100

100

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included within creditors is the directors loan account amounting to £34,129 (2014: £89,619)