Abbreviated Company Accounts - JOHN BERNEY & ASSOCIATES LIMITED

JOHN BERNEY & ASSOCIATES LIMITED - Company Information

Registered Number 05018249

JOHN BERNEY & ASSOCIATES LIMITED

Abbreviated Accounts

31 January 2014

JOHN BERNEY & ASSOCIATES LIMITED Registered Number 05018249

Abbreviated Balance Sheet as at 31 January 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	3,232	2,459
		3,232	2,459
Current assets
Debtors		13,864	25,480
Cash at bank and in hand		51,446	17,142
		65,310	42,622
Creditors: amounts falling due within one year		(36,996)	(27,113)
Net current assets (liabilities)		28,314	15,509
Total assets less current liabilities		31,546	17,968
Total net assets (liabilities)		31,546	17,968
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		31,446	17,868
Shareholders' funds		31,546	17,968

For the year ending 31 January 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
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.

Approved by the Board on 14 October 2014

And signed on their behalf by:
Mr J M Berney, Director

JOHN BERNEY & ASSOCIATES LIMITED Registered Number 05018249

Notes to the Abbreviated Accounts for the period ended 31 January 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements are prepared on the historical basis of accounting and have been prepared in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
The company has taken advantage of the exemption, conferred by Financial Reporting Standard 1, from presenting a cash flow as it qualifies as a small company.

Turnover policy
Turnover represents net invoices sales of goods and services, excluding Value Added Tax.

Tangible assets depreciation policy
Depreciation is provided on all tangible fixed assets at rates calculated to write off the full cost or valuation less estimated residual value of each asset over its estimated useful life. The principal rates in use are:

Equipment, fixtures and fittings 33% on a reducing balance basis

2Tangible fixed assets

	£
Cost
At 1 February 2013	8,543
Additions	1,796
Disposals	-
Revaluations	-
Transfers	-
At 31 January 2014	10,339
Depreciation
At 1 February 2013	6,084
Charge for the year	1,023
On disposals	-
At 31 January 2014	7,107
Net book values
At 31 January 2014	3,232
At 31 January 2013	2,459

3Called Up Share Capital

The company is controlled by the directors.
During the year all of the company's sales were to CIO Plus Limited, a company in which J M Berney (a director and shareholder of this company), is both a shareholder and director. All transactions conducted were at "arm's length" prices.