Abbreviated Company Accounts - INCOMPASS ASSOCIATES LIMITED

INCOMPASS ASSOCIATES LIMITED - Company Information

Registered Number 05702811

INCOMPASS ASSOCIATES LIMITED

Abbreviated Accounts

31 March 2016

INCOMPASS ASSOCIATES LIMITED Registered Number 05702811

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	2,844	2,514
		2,844	2,514
Current assets
Debtors		11,263	20,925
Cash at bank and in hand		22,828	26,525
		34,091	47,450
Creditors: amounts falling due within one year		(23,509)	(24,046)
Net current assets (liabilities)		10,582	23,404
Total assets less current liabilities		13,426	25,918
Total net assets (liabilities)		13,426	25,918
Capital and reserves
Called up share capital		2	2
Profit and loss account		13,424	25,916
Shareholders' funds		13,426	25,918

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 30 December 2016

And signed on their behalf by:
AK Walter, Director

INCOMPASS ASSOCIATES LIMITED Registered Number 05702811

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

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover comprises the invoiced value of goods and services supplied by the company, exclusive of value added tax.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their residual value, over their expected useful lives on the following basis:

Fittings and equipment 15% reducing balance

2Tangible fixed assets

	£
Cost
At 1 April 2015	5,833
Additions	832
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	6,665
Depreciation
At 1 April 2015	3,319
Charge for the year	502
On disposals	-
At 31 March 2016	3,821
Net book values
At 31 March 2016	2,844
At 31 March 2015	2,514