GRANT-JONES_ACCOUNTANCY_L - Accounts

GRANT-JONES ACCOUNTANCY LTD - Company Information

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Company Registration No. 07565252 (England and Wales)

GRANT-JONES ACCOUNTANCY LTD

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2016

GRANT-JONES ACCOUNTANCY LTD

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

GRANT-JONES ACCOUNTANCY LTD

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

2,530

2,545

Current assets

Debtors

4,462

616

Cash at bank and in hand

20,582

5,973

25,044

6,589

Creditors: amounts falling due within one year

(6,744)

(19,098)

Net current assets/(liabilities)

18,300

(12,509)

Total assets less current liabilities

20,830

(9,964)

Creditors: amounts falling due after more than one year

2,082

Accruals and deferred income

(16,420)

6,492

(9,964)

Capital and reserves

Called up share capital

Profit and loss account

6,482

(9,974)

Shareholder's funds

6,492

(9,964)

GRANT-JONES ACCOUNTANCY LTD

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 MARCH 2016

- 2 -

For the financial year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 11 December 2016

Mrs F Jones

Director

Company Registration No. 07565252

GRANT-JONES ACCOUNTANCY LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

- 3 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Goodwill

Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.

1.5

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Computer equipment

25% Reducing Balance

Fixtures, fittings & equipment

25% Reducing Balance

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 1 April 2015

25,317

4,153

29,470

Additions

757

At 31 March 2016

25,317

4,910

30,227

Depreciation

At 1 April 2015

25,317

1,607

26,924

Charge for the year

773

At 31 March 2016

25,317

2,380

27,697

Net book value

At 31 March 2016

2,530

At 31 March 2015

2,545

GRANT-JONES ACCOUNTANCY LTD

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2016

- 4 -

Share capital

2016

2015

Allotted, called up and fully paid

1 Ordinary of £10 each