John Cannaby Associates Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 06914930 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MAY 2016

FOR

JOHN CANNABY ASSOCIATES LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

J W Cannaby

Ms S Hartles

M L Knott

V P Woolley

REGISTERED OFFICE:

11 High Street

Bridgnorth

WV16 4DB

REGISTERED NUMBER:

06914930 (England and Wales)

ACCOUNTANTS:

Astbury Accountants Limited

12 Northgate

Bridgnorth

Shropshire

WV16 4ER

FIXED ASSETS

Tangible assets

2

1,897

3,008

CURRENT ASSETS

Debtors

2,600

2,405

Cash at bank and in hand

3,846

24,230

6,446

26,635

CREDITORS

Amounts falling due within one year

2,314

2,881

NET CURRENT ASSETS

4,132

23,754

TOTAL ASSETS LESS CURRENT LIABILITIES

6,029

26,762

CREDITORS

Amounts falling due after more than one year

(25,000

)

(25,000

)

PROVISIONS FOR LIABILITIES

-

(542

)

NET (LIABILITIES)/ASSETS

(18,971

)

1,220

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

(19,071

)

1,120

SHAREHOLDERS' FUNDS

(18,971

)

1,220

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

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

The directors acknowledge their 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 Board of Directors on 10 November 2016 and were signed on its behalf by:

J W Cannaby - Director

Ms S Hartles - Director

V P Woolley - Director

M L Knott - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The company is currently insolvent but continues to trade with the support of its creditors and directors. The

accounts have been prepared on a going concern basis assuming the continuation of this support.

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 commission receivable for investment services provided.

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

-

20% 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.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2015

and 31 May 2016

6,126

DEPRECIATION

At 1 June 2015

3,118

Charge for year

1,111

At 31 May 2016

4,229

NET BOOK VALUE

At 31 May 2016

1,897

At 31 May 2015

3,008

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

100

Ordinary

£1

100

100

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2016 and

31 May 2015:

2016

2015

£

£

M L Knott

Balance outstanding at start of year

(25,000

)

(25,000

)

Amounts repaid

-

-

Balance outstanding at end of year

(25,000

)

(25,000

)