Abbreviated Company Accounts - BRUCE WALLACE ASSOCIATES LIMITED

Abbreviated Company Accounts - BRUCE WALLACE ASSOCIATES LIMITED

BRUCE WALLACE ASSOCIATES LIMITED - Company Information

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Registered Number 08254957

BRUCE WALLACE ASSOCIATES LIMITED

Abbreviated Accounts

30 September 2016

BRUCE WALLACE ASSOCIATES LIMITED Registered Number 08254957

Abbreviated Balance Sheet as at 30 September 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 2,716 4,077
2,716 4,077
Current assets
Debtors 33,828 16,121
Cash at bank and in hand 68,961 107,288
102,789 123,409
Creditors: amounts falling due within one year (68,800) (60,279)
Net current assets (liabilities) 33,989 63,130
Total assets less current liabilities 36,705 67,207
Total net assets (liabilities) 36,705 67,207
Capital and reserves
Called up share capital 2 2
Profit and loss account 36,703 67,205
Shareholders' funds 36,705 67,207
  • For the year ending 30 September 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 31 October 2016

And signed on their behalf by:
S M Wallace, Director

BRUCE WALLACE ASSOCIATES LIMITED Registered Number 08254957

Notes to the Abbreviated Accounts for the period ended 30 September 2016

1Accounting Policies

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

Turnover policy
Turnover represents the value, net of value added tax and discounts, of goods provided to
customers and work carried out in respect of services provided to customers.

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

Plant and machinery 20% straight line

Valuation information and policy
Foreign Currencies
Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction.
Monetary assets and liabilities denominated in foreign currencies are translated at the rate of
exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.

Other accounting policies
Pensions
The company operates a defined contribution pension scheme. Contributions are charged to the
profit and loss account as they become payable in accordance with the rules of the scheme.

2Tangible fixed assets
£
Cost
At 1 October 2015 6,803
Additions -
Disposals -
Revaluations -
Transfers -
At 30 September 2016 6,803
Depreciation
At 1 October 2015 2,726
Charge for the year 1,361
On disposals -
At 30 September 2016 4,087
Net book values
At 30 September 2016 2,716
At 30 September 2015 4,077