DAVID_ABBOTT_&_PARTNERS_L - Accounts

DAVID ABBOTT & PARTNERS LIMITED - Company Information

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Company Registration No. 02310410 (England and Wales)

DAVID ABBOTT & PARTNERS LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

DAVID ABBOTT & PARTNERS LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

DAVID ABBOTT & PARTNERS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

2,188

1,735

Current assets

Debtors

6,518

7,893

Cash at bank and in hand

18,022

34,309

24,540

42,202

Creditors: amounts falling due within one year

(5,469)

(10,608)

Net current assets

19,071

31,594

Total assets less current liabilities

21,259

33,329

Capital and reserves

Called up share capital

1,000

Profit and loss account

20,259

32,329

Shareholders' funds

21,259

33,329

For the financial year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 6 October 2016

Mr D C Abbott

Director

Company Registration No. 02310410

DAVID ABBOTT & PARTNERS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Fixtures, fittings & equipment

25% straight line

1.5

Foreign currency translation

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

Fixed assets

Tangible assets

Cost

At 1 April 2015

21,206

Additions

1,687

At 31 March 2016

22,893

Depreciation

At 1 April 2015

19,472

Charge for the year

1,233

At 31 March 2016

20,705

Net book value

At 31 March 2016

2,188

At 31 March 2015

1,735

DAVID ABBOTT & PARTNERS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2016

- 3 -

Share capital

2016

2015

Allotted, called up and fully paid

1,000 Ordinary shares of £1 each

1,000