Abbreviated Company Accounts - JOHN BERNEY & ASSOCIATES LIMITED

JOHN BERNEY & ASSOCIATES LIMITED - Company Information

Registered Number 05018249

JOHN BERNEY & ASSOCIATES LIMITED

Abbreviated Accounts

31 January 2016

JOHN BERNEY & ASSOCIATES LIMITED Registered Number 05018249

Abbreviated Balance Sheet as at 31 January 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	3,653	3,456
		3,653	3,456
Current assets
Debtors		47,622	26,345
Cash at bank and in hand		23,889	4,784
		71,511	31,129
Creditors: amounts falling due within one year		(37,160)	(26,742)
Net current assets (liabilities)		34,351	4,387
Total assets less current liabilities		38,004	7,843
Total net assets (liabilities)		38,004	7,843
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		37,904	7,743
Shareholders' funds		38,004	7,843

For the year ending 31 January 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
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 accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 25 October 2016

And signed on their behalf by:
J M Berney, Director

JOHN BERNEY & ASSOCIATES LIMITED Registered Number 05018249

Notes to the Abbreviated Accounts for the period ended 31 January 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements are prepared on the historical basis of accounting and have been prepared in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
The company has taken advantage of the exemption, conferred by Financial Reporting Standard 1, from presenting a cash flow as it qualifies as a small company.

Turnover policy
Turnover represents net invoices sales of goods and services, excluding Value Added Tax.

Tangible assets depreciation policy
Depreciation is provided on all tangible fixed assets at rates calculated to write off the full cost or valuation less estimated residual value of each asset over its estimated useful life. The principal rates in use are:

Equipment, fixtures and fittings 33% on a reducing balance basis

2Tangible fixed assets

	£
Cost
At 1 February 2015	11,880
Additions	1,464
Disposals	-
Revaluations	-
Transfers	-
At 31 January 2016	13,344
Depreciation
At 1 February 2015	8,424
Charge for the year	1,267
On disposals	-
At 31 January 2016	9,691
Net book values
At 31 January 2016	3,653
At 31 January 2015	3,456

3Called Up Share Capital

The company is controlled by the directors.
In the year the company paid dividends of £22,500 to J M Berney and £22,500 to P J Jones.