Cassidy M & E Quantity Surveyors Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 05805606 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2016

for

Cassidy M & E Quantity Surveyors Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Chartered Accountants' Report

7

DIRECTORS:

A J Cassidy

A M Huke

Mrs K Huke

SECRETARY:

A M Huke

REGISTERED OFFICE:

Office 3 Highland House

Mayflower Close

Chandler's Ford

Eastleigh

Hampshire

SO53 4AR

REGISTERED NUMBER:

05805606 (England and Wales)

ACCOUNTANTS:

Maven Accountants Limited

PO Box 634

Eastleigh

Hampshire

SO50 0LL

FIXED ASSETS

Tangible assets

2

26,914

25,691

CURRENT ASSETS

Debtors

112,760

165,910

Cash at bank and in hand

150,254

72,044

263,014

237,954

CREDITORS

Amounts falling due within one year

138,257

116,004

NET CURRENT ASSETS

124,757

121,950

TOTAL ASSETS LESS CURRENT LIABILITIES

151,671

147,641

CREDITORS

Amounts falling due after more than one year

-

(4,789

)

PROVISIONS FOR LIABILITIES

(3,931

)

(3,368

)

NET ASSETS

147,740

139,484

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

147,640

139,384

SHAREHOLDERS' FUNDS

147,740

139,484

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 30 November 2016 and were signed on its behalf by:

A J Cassidy - Director

A M Huke - 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 goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

25% on reducing balance, 25% on cost and 20% on reducing balance

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the

balance sheet. Those held under hire purchase contracts are depreciated over their

estimated useful lives. Those held under finance leases are depreciated over their

estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the

relevant period. The capital element of the future payments is treated as a liability.

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

line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to the profit and loss account in the period to which

they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

31,571

Additions

6,453

At 31 March 2016

38,024

DEPRECIATION

At 1 April 2015

5,880

Charge for year

5,230

At 31 March 2016

11,110

NET BOOK VALUE

At 31 March 2016

26,914

At 31 March 2015

25,691

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

£

3,351

Ordinary A Shares

1p

34

34

3,350

Ordinary B Shares

1p

33

33

1,650

Ordinary C Shares

1p

16

16

1,649

Ordinary D Shares

1p

16

16

2

Ordinary E Shares

1p

1

1

100

100

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended

31 March 2016 and 31 March 2015:

31.3.16

31.3.15

£

£

A J Cassidy

Balance outstanding at start of year

220

-

Amounts advanced

-

220

Amounts repaid

(220

)

-

Balance outstanding at end of year

-

220

A M Huke

Balance outstanding at start of year

463

-

Amounts advanced

3,217

463

Amounts repaid

(10,510

)

-

Balance outstanding at end of year

(6,830

)

463

The over-drawn Director's loan accounts accrue interest at the official rate of 3.75%. All

over-drawn loan account positions, in existence as at 31st March 2016, were cleared within

nine months of the year-end.

The following reproduces the text of the report prepared for the directors in respect of the

company's annual unaudited financial statements, from which the unaudited abbreviated

accounts (set out on pages two to six) have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for

your approval the financial statements of Cassidy M & E Quantity Surveyors Limited for the year

ended 31 March 2016 which comprise the Profit and Loss Account, the Balance Sheet and the

related notes from the company's accounting records and from information and explanations you

have given us.

As a practising member firm 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 solely to the Board of Directors of Cassidy M & E Quantity Surveyors Limited, as a body, in accordance with the terms of our engagement letter dated 11 November 2016. Our work has been undertaken solely to prepare for your approval the financial statements of Cassidy M & E Quantity Surveyors Limited and state those matters that we have agreed to state to the Board of Directors of Cassidy M & E Quantity Surveyors 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 the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Cassidy M & E Quantity Surveyors Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Cassidy M & E Quantity Surveyors Limited. You consider that Cassidy M & E Quantity Surveyors Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Cassidy M & E Quantity Surveyors 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 statutory financial statements.

Maven Accountants Limited

PO Box 634

Eastleigh

Hampshire

SO50 0LL

30 November 2016