Company Registration No. 08481804 (England and Wales)
CUSACK ASSOCIATES LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2016
CUSACK ASSOCIATES LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
CUSACK ASSOCIATES LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 APRIL 2016
30 April 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Intangible assets
2
42,500
45,000
Tangible assets
2
3,862
1,612
46,362
46,612
Current assets
Debtors
2,192
13,932
Cash at bank and in hand
17,339
17,776
19,531
31,708
Creditors: amounts falling due within one year
(65,500)
(77,535)
Net current liabilities
(45,969)
(45,827)
Total assets less current liabilities
393
785
Capital and reserves
Called up share capital
3
1
1
Profit and loss account
392
784
Shareholder's funds
393
785
For the financial year ended 30 April 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 member has 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 18 October 2016
Mr A Cusack
Director
Company Registration No. 08481804
CUSACK ASSOCIATES LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 APRIL 2016
- 2 -
1
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 goods and services net of VAT and trade discounts.
1.4
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.
1.5
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% on the reducing balance
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 May 2015
50,000
2,867
52,867
Additions
-
3,536
3,536
At 30 April 2016
50,000
6,403
56,403
Depreciation
At 1 May 2015
5,000
1,254
6,254
Charge for the year
2,500
1,287
3,787
At 30 April 2016
7,500
2,541
10,041
Net book value
At 30 April 2016
42,500
3,862
46,362
At 30 April 2015
45,000
1,612
46,612
CUSACK ASSOCIATES LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2016
- 3 -
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
1 Ordinary share of £1 each
1
1
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