GRAHAM_ALLMAN_ASSOCIATES_ - Accounts

GRAHAM ALLMAN ASSOCIATES LIMITED - Company Information

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Company Registration No. 05207946 (England and Wales)

GRAHAM ALLMAN ASSOCIATES LTD

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2016

GRAHAM ALLMAN ASSOCIATES LTD

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

GRAHAM ALLMAN ASSOCIATES LTD

ABBREVIATED BALANCE SHEET

AS AT

31 JANUARY 2016

- 1 -

2016

2015

Notes

Fixed assets

Intangible assets

42,500

47,500

Tangible assets

2,631

632

45,131

48,132

Current assets

Debtors

27,823

15,824

Cash at bank and in hand

109

27,932

15,832

Creditors: amounts falling due within one year

(152,394)

(118,036)

Net current liabilities

(124,462)

(102,204)

Total assets less current liabilities

(79,331)

(54,072)

Capital and reserves

Called up share capital

100

Profit and loss account

(79,431)

(54,172)

Shareholders' funds

(79,331)

(54,072)

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

Directors' 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 directors acknowledge their 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 28 October 2016

Mr G Allman

Director

Company Registration No. 05207946

GRAHAM ALLMAN ASSOCIATES LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 JANUARY 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).

The Director's continually monitor the financial position of the Company, taking into account the latest cash flow forecasts and the company's available facilities. The Director's have committed their continued support of the Company for the next 12 months. Consequently, the Director's considers it appropriate to prepare the accounts on the going concern basis.

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 of 20 years.

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:

Computer equipment

33% straight line

Fixtures, fittings & equipment

25% reducing balance

GRAHAM ALLMAN ASSOCIATES LTD

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 JANUARY 2016

- 3 -

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 1 February 2015

100,000

11,624

111,624

Additions

3,220

At 31 January 2016

100,000

14,844

114,844

Depreciation

At 1 February 2015

52,500

10,992

63,492

Charge for the year

5,000

1,221

6,221

At 31 January 2016

57,500

12,213

69,713

Net book value

At 31 January 2016

42,500

2,631

45,131

At 31 January 2015

47,500

632

48,132

Share capital

2016

2015

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100

Controlling party

The company is controlled by the director, Mr G Allman, by virtue of his majority shareholding.

Related party relationships and transactions

Included in other creditors is an amount totalling £6,940 (2015: £34,406) due to the director, Mr G Allman. This amount is interest free and repayable on demand.