Abbreviated Company Accounts - NEIL MATHEWS ARCHITECTS LIMITED

NEIL MATHEWS ARCHITECTS LIMITED - Company Information

Registered Number NI058362

NEIL MATHEWS ARCHITECTS LIMITED

Abbreviated Accounts

31 March 2016

NEIL MATHEWS ARCHITECTS LIMITED Registered Number NI058362

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	5,141	7,631
		5,141	7,631
Current assets
Debtors		74,195	15,611
Cash at bank and in hand		245	803
		74,440	16,414
Creditors: amounts falling due within one year		(51,680)	(31,523)
Net current assets (liabilities)		22,760	(15,109)
Total assets less current liabilities		27,901	(7,478)
Total net assets (liabilities)		27,901	(7,478)
Capital and reserves
Called up share capital		1	1
Profit and loss account		27,900	(7,479)
Shareholders' funds		27,901	(7,478)

For the year ending 31 March 2016 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 22 December 2016

And signed on their behalf by:
Neil Mathews, Director

NEIL MATHEWS ARCHITECTS LIMITED Registered Number NI058362

Notes to the Abbreviated Accounts for the period ended 31 March 2016

1Accounting Policies

Basis of measurement and preparation of accounts
Accounting policies
The following accounting policies have been used in dealing with items which are considered material in relation to the company’s financial statements.

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

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).

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

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:

Motor vehicles 25% reducing balance
Fixtures, fittings & equipment 20% & 33.33% straight line

2Tangible fixed assets

	£
Cost
At 1 April 2015	38,017
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	38,017
Depreciation
At 1 April 2015	30,386
Charge for the year	2,490
On disposals	-
At 31 March 2016	32,876
Net book values
At 31 March 2016	5,141
At 31 March 2015	7,631