The Association of Law Costs Consultants Limited
The Association of Law Costs Consultants Limited
Directors' Report and
Unaudited Financial Statements
For The Year Ended 31 March 2016
The Laurel Partnership Ltd
DBH16 Diss Business Hub
Hopper Way
Diss
Norfolk
IP22 4GT
The Association of Law Costs Consultants Limited
Directors' Report and Financial Statements
For The Year Ended 31 March 2016
Directors' Report and Financial Statements
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| Company Information | 1 |
| Directors' Report | 2 |
| Accountant's Report | 3 |
| Dormant Income and Expenditure Account Statement | 4 |
| Balance Sheet | 5 |
| Notes to the Accounts | 6 |
The Association of Law Costs Consultants Limited
Company Information
For The Year Ended 31 March 2016
Company Information
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| Accountants | The Laurel Partnership Ltd |
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Page 1
The Association of Law Costs Consultants Limited
Company No. 04388378
Directors' Report For The Year Ended 31 March 2016
Directors' Report
The directors present their report and the financial statements for the year ended 31 March 2016 .
Statement of Directors' Responsibilities
The directors are are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). The financial statements are required by law to give a true and fair view of the state of affairs of the company and of the surplus or deficit for that period. In preparing the financial statements the directors are are required to:
- select suitable accounting policies and then apply them consistently;
- make judgments and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Directors
The directors who held office during the year were as follows:
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Small Company Rules
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
On behalf of the board
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Page 2
The Association of Law Costs Consultants Limited
Accountant's Report
For The Year Ended 31 March 2016
Accountant's Report
In accordance with the engagement letter and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company which comprise the Income and Expenditure Account the Balance Sheet and the related notes from the accounting records and information and explanations you have given to us.
This report is made to the Company's Board of Directors, as a body, in accordance with the terms of our engagement. Our work has been undertaken so that we might compile the financial statements that we have been engaged to compile, report to the Company's Board of Directors that we have done so, and state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's Board of Directors, as a body, for our work or for this report.
We have carried out this engagement in accordance with technical guidance issued by the Association of Accounting Technicians and have complied with the ethical guidance laid down by the Association relating to members undertaking the compilation of financial statements.
You have acknowledged on the balance sheet as at year ended 31 March 2016 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.
We have not been instructed to carry out an audit of the financial statements. 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 financial statements
Signed
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08/12/2016
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The Laurel Partnership Ltd
DBH16 Diss Business Hub
Hopper Way
Diss
Norfolk
IP22 4GT
Page 3
The Association of Law Costs Consultants Limited
Dormant Income and Expenditure Account Statement
For The Year Ended 31 March 2016
Dormant Income and Expenditure Account Statement
The company has not traded during the year or the preceding financial year. During these years, the company received no income and incurred no expenditure and therefore made neither surplus nor deficit.
Page 4
The Association of Law Costs Consultants Limited
Balance Sheet
As at
31 March 2016
Balance Sheet
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| Notes | £ | £ | £ | £ | |
Directors' responsibilities:
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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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2015).
On behalf of the board
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Page 5
The Association of Law Costs Consultants Limited
Notes to the Unaudited Accounts
For The Year Ended 31 March 2016
Notes to the Unaudited Accounts
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Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
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Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
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