Yelo Architects Limited
Yelo Architects Limited
Registered number: 07135147
Abbreviated accounts
For The Year Ended 31 March 2016
Nimbus Accounting Limited
Chartered Accountants
32 Church Road
Hove
East Sussex
BN3 2FN
Yelo Architects Limited
Accountant's Report
For The Year Ended 31 March 2016
Accountant's Report
Chartered Accountant's report to the directors on the preparation of the unaudited statutory accounts of Yelo Architects Limited For The Year Ended 31 March 2016
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Yelo Architects Limited For The Year Ended 31 March 2016 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the accounting records and from information and explanations you have given to us.
As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made to solely to the directors of Yelo Architects Limited , as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of Yelo Architects Limited and state those matters that we have agreed to state to the directors of Yelo Architects Limited , as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Yelo Architects Limited and its directors, as a body, for our work or for this report.
It is your duty to ensure that Yelo Architects Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Yelo Architects Limited . You consider that Yelo Architects Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit of the accounts of Yelo Architects Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
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Nimbus Accounting Limited
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07/06/2016
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Nimbus Accounting Limited
Chartered Accountants
32 Church Road
Hove
East Sussex
BN3 2FN
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Yelo Architects Limited
Company No. 07135147
Abbreviated Balance Sheet
31 March 2016
Abbreviated Balance Sheet
| 2016 | 2015 | ||||
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| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible Assets | 2 |
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| 5,170 | 2,359 | ||||
| CURRENT ASSETS | |||||
| Debtors |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| Creditors: Amounts Falling Due After More Than One Year | 3 |
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| PROVISIONS FOR LIABILITIES | |||||
| Deferred Taxation |
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| NET ASSETS |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 4 |
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| Share premium account |
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| Other reserves |
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| Profit and Loss Account |
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| SHAREHOLDERS' FUNDS |
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Yelo Architects Limited
Company No. 07135147
Abbreviated Balance Sheet (continued)
31 March 2016
Directors' responsibilities:
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The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. -
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. -
These abbreviated accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2015).
On behalf of the board
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Yelo Architects Limited
Notes to the Abbreviated Accounts
For The Year Ended 31 March 2016
Notes to the Abbreviated Accounts
Accounting Policies
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax.
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 of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
| Fixtures & Fittings |
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| Computer Equipment |
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Leasing and Hire Purchase Contracts
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
Deferred Taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Tangible Assets
| Total | |
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| Cost | £ |
| As at |
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| Additions |
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| As at |
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| Depreciation | |
| As at |
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| Provided during the period |
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| As at |
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| Net Book Value | |
| As at |
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| As at |
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Yelo Architects Limited
Notes to the Abbreviated Accounts (continued)
For The Year Ended 31 March 2016
Creditors: Amounts Falling Due After More Than One Year
| 2016 | 2015 | ||
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| £ | £ | ||
| Directors loan account |
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Ultimate Controlling Party
The ultimate controlling party was Mr A Parsons, a director and shareholder of the company.
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