Accountancy Training Partnership Limited Micro entities accounts

Accountancy Training Partnership Limited Micro entities accounts

ACCOUNTANCY TRAINING PARTNERSHIP LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 06641309
Accountancy Training Partnership Limited
Unaudited Financial Statements
31 March 2016
BISHOP JONES
Chartered accountant
Mill Street Business Centre
55a High Street
Wells
Somerset
BA5 2AE
Accountancy Training Partnership Limited
Financial Statements
Year ended 31 March 2016
Contents
Pages
Officers and professional advisers
1
Chartered accountant's report to the director on the preparation of the unaudited statutory financial statements
2
Income statement
3
Statement of financial position and the notes to the financial statements
4 to 5
Accountancy Training Partnership Limited
Officers and Professional Advisers
Director
Miss M E Bishop
Company secretary
Mr C W Jones
Registered office
Mill Street Business Centre
55a High Street
Wells
Somerset
BA 2AE
Accountant
BISHOP JONES
Chartered accountant
Mill Street Business Centre
55a High Street
Wells
Somerset
BA5 2AE
Bankers
Lloyds TSB Bank Plc
PO Box 1000
BX1 1LT
Accountancy Training Partnership Limited
Chartered Accountant's Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of Accountancy Training Partnership Limited
Year ended 31 March 2016
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the financial statements of Accountancy Training Partnership Limited for the year ended 31 March 2016, which comprise the income statement, statement of financial position and the notes to the financial statements from the company's accounting records and from information and explanations you have given me. As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), I am subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the director of Accountancy Training Partnership Limited in accordance with the terms of my engagement letter dated 31 March 2016. My work has been undertaken solely to prepare for your approval the financial statements of Accountancy Training Partnership Limited and state those matters that I have agreed to state you in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than Accountancy Training Partnership Limited and its director for my work or for this report.
It is your duty to ensure that Accountancy Training Partnership 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 Accountancy Training Partnership Limited. You consider that Accountancy Training Partnership Limited is exempt from the statutory audit requirement for the year. I have not been instructed to carry out an audit or a review of the financial statements of Accountancy Training Partnership Limited. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.
BISHOP JONES Chartered accountant
Mill Street Business Centre 55a High Street Wells Somerset BA5 2AE
29 December 2016
Accountancy Training Partnership Limited
Income Statement
Year ended 31 March 2016
2016
2015
£
£
Turnover
21,319
21,563
Cost of raw materials and consumables
( 396)
-
Staff costs
( 13,312)
( 11,850)
Depreciation and other amounts written off assets
( 58)
( 76)
Other charges
(7,392)
(9,245)
Tax
( 44)
( 94)
--------
--------
Profit
117
298
--------
--------
Accountancy Training Partnership Limited
Statement of Financial Position
31 March 2016
2016
2015
£
£
£
Fixed assets
172
230
----
----
Current assets
33,116
49,212
Prepayments and accrued income
614
614
--------
--------
33,730
49,826
Creditors: amounts falling due within one year
19,913
31,262
--------
--------
Net current assets
13,817
18,564
--------
--------
Total assets less current liabilities
13,989
18,794
Accruals and deferred income
12,886
14,658
--------
--------
1,103
4,136
--------
--------
Capital and reserves
1,103
4,136
-------
-------
Notes to the financial statements
1. Director's advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2016
Balance brought forward
Advances/ (credits) to the director
Amounts repaid
Balance outstanding
£
£
£
£
Miss M E Bishop
-
7,316
( 12,207)
( 4,891)
----
-------
--------
-------
2015
Balance brought forward
Advances/ (credits) to the director
Amounts repaid
Balance outstanding
£
£
£
£
Miss M E Bishop
-
-
-
-
----
----
----
----
For the year ending 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 members have 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 financial statements have been prepared in accordance with the micro-entity provisions.
These financial statements were approved by the board of directors and authorised for issue on 29 December 2016 , and are signed on behalf of the board by:
Miss M E Bishop
Director
Company registration number: 06641309
The company is a private company limited by shares, registered in England and Wales.
Accountancy Training Partnership Limited
Management Information
Year ended 31 March 2016
The following page does not form part of the financial statements.
Accountancy Training Partnership Limited
Detailed Income Statement
Year ended 31 March 2016
2016
2015
£
£
Turnover
21,319
21,563
Cost of raw materials and consumables
Purchases
396
-
----
----
396
-
----
----
Staff costs
Wages and salaries
8,812
7,350
Directors fees
4,500
4,500
--------
--------
13,312
11,850
--------
--------
Depreciation and other amounts written off assets
Depreciation of tangible assets
58
76
----
----
Other charges
(7,392)
(9,245)
-------
-------
161
392
-------
-------
Accountancy Training Partnership Limited
Notes to the Detailed Income Statement
Year ended 31 March 2016
2016
2015
£
£
Other charges
Rent
4,250
4,250
Rates and water
163
163
Light and heat
-
900
Travel and subsistence
251
1,175
Postage and Stationery
250
1,100
Subscriptions
701
441
Advertising
1,352
866
Bank charges
308
350
Legal and professional fees
107
-
Other interest payable and similar charges
10
-
-------
-------
7,392
9,245
-------
-------