Davis, French & Associates Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 06378519 (England and Wales)

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2015

FOR

DAVIS, FRENCH & ASSOCIATES LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Dr G J French

N J Davis

REGISTERED OFFICE:

Old Hall

21 Kiveton Lane

Todwick

Sheffield

South Yorkshire

S26 1HJ

REGISTERED NUMBER:

06378519 (England and Wales)

ACCOUNTANTS:

Thorpes Limited

54 Moorgate Crofts Business Centre

South Grove

Rotherham

South Yorkshire

S60 2DH

FIXED ASSETS

Tangible assets

2

12,671

10,685

CURRENT ASSETS

Debtors

586,102

552,230

Cash at bank

636,744

350,481

1,222,846

902,711

CREDITORS

Amounts falling due within one year

327,753

231,886

NET CURRENT ASSETS

895,093

670,825

TOTAL ASSETS LESS CURRENT
LIABILITIES

907,764

681,510

CAPITAL AND RESERVES

Called up share capital

3

200

Profit and loss account

907,564

681,310

SHAREHOLDERS' FUNDS

907,764

681,510

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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 26 September 2016 and were signed on its behalf
by:

Dr G J French - 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 is recognised net of VAT, when the company obtains the right to consideration on services supplied

during the year.

Tangible fixed assets

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

Plant and machinery etc

-

33% on cost and 25% on reducing balance

Deferred tax

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

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

36,955

Additions

9,764

Disposals

(15,361

)

At 31 December 2015

31,358

DEPRECIATION

At 1 January 2015

26,270

Charge for year

6,240

Eliminated on disposal

(13,823

)

At 31 December 2015

18,687

NET BOOK VALUE

At 31 December 2015

12,671

At 31 December 2014

10,685

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

200

Ordinary

£1

200