Accountancy Services (Cheshire) Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 07312168 (England and Wales)

ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2016

FOR

ACCOUNTANCY SERVICES (CHESHIRE) LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

H J Smith

P Crone

REGISTERED OFFICE:

205a Nantwich Road

Crewe

Cheshire

CW2 6DD

REGISTERED NUMBER:

07312168 (England and Wales)

ACCOUNTANTS:

Private Client Services (NW) Limited

205a Nantwich Road

Crewe

Cheshire

CW2 6DD

FIXED ASSETS

Intangible assets

2

181,800

202,000

Tangible assets

3

35,430

31,509

217,230

233,509

CURRENT ASSETS

Stocks

56,300

75,200

Debtors

23,074

60,391

Cash at bank and in hand

11,078

8,293

90,452

143,884

CREDITORS

Amounts falling due within one year

36,067

58,499

NET CURRENT ASSETS

54,385

85,385

TOTAL ASSETS LESS CURRENT
LIABILITIES

271,615

318,894

CREDITORS

Amounts falling due after more than
one year

60,000

90,000

NET ASSETS

211,615

228,894

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

211,515

228,794

SHAREHOLDERS' FUNDS

211,615

228,894

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 23 December 2016 and were
signed on its behalf by:

H J Smith - 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

10% on cost

Computer equipment

-

20% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance

for obsolete and slow moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not

reversed at the balance sheet date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 March 2016

202,000

AMORTISATION

Amortisation for year

20,200

At 31 March 2016

20,200

NET BOOK VALUE

At 31 March 2016

181,800

At 31 March 2015

202,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

53,409

Additions

8,281

At 31 March 2016

61,690

DEPRECIATION

At 1 April 2015

21,900

Charge for year

4,360

At 31 March 2016

26,260

NET BOOK VALUE

At 31 March 2016

35,430

At 31 March 2015

31,509

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

100

Ordinary

£1

100