North Star Estate Agents Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 06466870 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 JANUARY 2016

FOR

NORTH STAR ESTATE AGENTS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

P Ineson

SECRETARY:

A Walls

REGISTERED OFFICE:

258 Barnsley Road

Cudworth

Barnsley

South Yorkshire

S72 8SU

REGISTERED NUMBER:

06466870 (England and Wales)

ACCOUNTANTS:

Cameron Alexander Accountants Limited

Chartered Certified Accountants

42 Huddersfield Road

Barnsley

South Yorkshire

S75 1DW

FIXED ASSETS

Intangible assets

2

-

-

Tangible assets

3

4,061

7,715

4,061

7,715

CURRENT ASSETS

Debtors

2,237

1,660

Cash at bank

70,201

30,631

72,438

32,291

CREDITORS

Amounts falling due within one year

54,599

20,557

NET CURRENT ASSETS

17,839

11,734

TOTAL ASSETS LESS CURRENT LIABILITIES

21,900

19,449

PROVISIONS FOR LIABILITIES

721

1,452

NET ASSETS

21,179

17,997

CAPITAL AND RESERVES

Called up share capital

4

1

1

Profit and loss account

21,178

17,996

SHAREHOLDERS' FUNDS

21,179

17,997

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 30 October 2016 and were signed by:

P Ineson - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 February 2015

and 31 January 2016

10,000

AMORTISATION

At 1 February 2015

and 31 January 2016

10,000

NET BOOK VALUE

At 31 January 2016

-

At 31 January 2015

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 February 2015

and 31 January 2016

18,288

DEPRECIATION

At 1 February 2015

10,573

Charge for year

3,654

At 31 January 2016

14,227

NET BOOK VALUE

At 31 January 2016

4,061

At 31 January 2015

7,715

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.16

31.1.15

value:

£

£

1

Ordinary

£1

1

1

5.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES