Counting North Limited - Abbreviated accounts

COUNTING NORTH LIMITED - Company Information

Registered number

09011501

Counting North Limited

Unaudited Abbreviated Accounts

30 September 2016

Counting North Limited
Registered number:		09011501
Abbreviated Balance Sheet
as at 30 September 2016

Notes			2016			2015
£				£
Fixed assets
Tangible assets	2		4,077			3,231
Investments	3		1			-
			4,078			3,231

Current assets
Debtors		25,263			9,814
Cash at bank and in hand		87,128			57,768
		112,391			67,582

Creditors: amounts falling due within one year		(32,290)			(32,271)

Net current assets			80,101			35,311

Total assets less current liabilities			84,179			38,542

Provisions for liabilities			(816)			(646)

Net assets			83,363			37,896

Capital and reserves
Called up share capital	4		100			100
Profit and loss account			83,263			37,796

Shareholder's funds			83,363			37,896

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.



G Henderson
Director
Approved by the board on 8 October 2016

Counting North Limited
Notes to the Abbreviated Accounts
for the year ended 30 September 2016

1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

	The director, having regard to the nature, size and complexity of the business, has assessed the financial risks affecting the company and it's operations for the 12 months from the approval of the financial statements and considers it appropriate to prepare the financial statements on a going concern basis.

	Turnover
	Turnover represents revenue earned under a variety of contracts to provide professional services net of VAT and discounts. Revenue is recognised as earned, when, and to the extent that, the company has obtained the right to consideration in exchange for its performance under these contracts. It is measured at the fair value of the right to consideration which represents amounts chargeable to clients, including expenses and disbursements but excluding VAT. Revenue not billed to clients (work in progress) is included in debtors and payments on account in excess of the relevent amount of revenue is included in creditors.

	Depreciation
	Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

	Furniture and office equipment			20% to 33.33% straight line

	Deferred taxation
	Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.

	Leasing and hire purchase commitments
	Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding. Rentals paid under operating leases are charged to income on a straight line basis over the lease term.


2	Tangible fixed assets					£

	Cost
	At 1 October 2015					4,274
	Additions					2,720
	At 30 September 2016					6,994

	Depreciation
	At 1 October 2015					1,043
	Charge for the year					1,874
	At 30 September 2016					2,917

	Net book value
	At 30 September 2016					4,077
	At 30 September 2015					3,231


3	Investments					£

	Cost
	Additions					1

	At 30 September 2016					1

	The company holds 20% or more of the share capital of the following companies:

Capital and							Profit (loss)
	Company	Shares held				reserves	for the year
		Class		%	£		£
	Landmark Accountancy Limited	Ordinary		100		1		-


4	Share capital	Nominal		2016		2016		2015
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		100		100		100