Accounts filed on 31-03-2016

Accounts filed on 31-03-2016

STACEY COWEN & ASSOCIATES LIMITED - Company Information

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STACEY COWEN & ASSOCIATES LIMITED

Company Registration Number:
08453998 (England and Wales)

Report of the Directors and Unaudited Financial Statements

Period of accounts

Start date: 01 April 2015

End date: 31 March 2016

STACEY COWEN & ASSOCIATES LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2016

Company Information
Report of the Directors
Profit and Loss Account
Gains and Losses
Balance sheet
Notes to the Financial Statements

STACEY COWEN & ASSOCIATES LIMITED

Company Information

for the Period Ended 31 March 2016




Director: Stacey Cowen
Registered office: 8
Wentworth Avenue
Elstree
Herts
WD6 3PX
Company Registration Number: 08453998 (England and Wales)

STACEY COWEN & ASSOCIATES LIMITED

Directors' Report Period Ended 31 March 2016

The directors present their report with the financial statements of the company for the period ended 31 March 2016

Principal Activities

The company's principal activity during the period was the bookkeeping of other businesses

Directors
 The directors shown below have held office during the whole of the period from
01 April 2015 to 31 March 2016
Stacey Cowen

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on 11 January 2017
And Signed On Behalf Of The Board By:

Name: Stacey Cowen
Status: Director

STACEY COWEN & ASSOCIATES LIMITED

Profit and Loss Account

for the Period Ended 31 March 2016


Notes
2016
£
2015
£
Turnover: 10,844 10,246
Gross profit or (loss): 10,844 10,246
Administrative expenses: ( 5,666 ) ( 5,469 )
Operating profit or (loss): 2 5,178 4,777
Profit or (loss) on ordinary activities before taxation: 5,178 4,777
Tax on profit or (loss) on ordinary activities: 3 ( 1,035 ) ( 660 )
Profit or (loss) for the financial year: 4,143 4,117

The notes form part of these financial statements

STACEY COWEN & ASSOCIATES LIMITED

Statement of total recognised gains and losses

The company does not have any gains and losses other than Profit and Loss for the period to report

STACEY COWEN & ASSOCIATES LIMITED

Balance sheet

As at 31 March 2016


Notes
2016
£
2015
£
Fixed assets
Tangible assets: 5 968 810
Total fixed assets: 968 810
Current assets
Debtors: 6 1,284 164
Cash at bank and in hand: 1,376 848
Total current assets: 2,660 1,012
Creditors: amounts falling due within one year: 7 ( 1,035 ) ( 872 )
Net current assets (liabilities): 1,625 140
Total assets less current liabilities: 2,593 950
Total net assets (liabilities): 2,593 950

The notes form part of these financial statements

STACEY COWEN & ASSOCIATES LIMITED

Balance sheet continued

As at 31 March 2016


Notes
2016
£
2015
£
Capital and reserves
Called up share capital: 8 1 1
Profit and loss account: 9 2,592 949
Shareholders funds: 2,593 950

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 and in accordance with the Financial Reporting Standard for Smaller Entities 2015.

The financial statements were approved by the Board of Directors on 11 January 2017

SIGNED ON BEHALF OF THE BOARD BY:

Name: Stacey Cowen
Status: Director

The notes form part of these financial statements

STACEY COWEN & ASSOCIATES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2016

  • 1. Accounting policies

    Basis of measurement and preparation of accounts

    The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities 2015

    Turnover policy

    the turnover represents amounts receivable for goods and services net of VAT and trade discounts

    Tangible fixed assets depreciation policy

    depreciation is calculated at the following rates to write off the cost of an asset, less its residual value, over its estimated useful economic lifetime - annual deprecation of computer equipment is 20% on reducing balance

STACEY COWEN & ASSOCIATES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2016

  • 2. Operating profit or (loss)

    Operating profit or (loss) before tax as stated after charging the following.


    2016
    £
    2015
    £
    Depreciation - owned assets: 231 202
    Profit or (loss) on disposal of fixed assets: 796

STACEY COWEN & ASSOCIATES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2016

  • 3. Taxation

    The tax charge on the profit on ordinary activities for the period was as follows:


    2016
    £
    2015
    £
    UK Corporation tax: 1,035 700
    Deferred tax: ( 40 )
    Tax on profit or (loss) on ordinary activities: 1,035 660
    Profit or (loss) on ordinary activities before taxation: 5,178 4,777
    Profit or (loss) on ordinary activities before taxation multiplied by the rate(s) of Corporation Tax applicable: 1,035 955
    Any other adjustments: ( 255 )
    Current tax charge or (credit): 1,035 700

STACEY COWEN & ASSOCIATES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2016

  • 4. Dividends


    2016
    £
    2015
    £
    Dividends paid on ordinary shares: 2,500 2,500
    Total dividends paid: 2,500 2,500

STACEY COWEN & ASSOCIATES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2016

  • 5. Tangible assets

    Land and buildings Plant and Machinery Fixtures and fittings Office Equipment Motor vehicles Total
    Cost £ £ £ £ £ £
    01 April 2015: - - - 1,265 - 1,265
    Additions: - - - 1,185 - 1,185
    Disposals: - - - ( 1,265 ) - ( 1,265 )
    Revaluations: - - - - - 0
    Transfers: - - - - - 0
    31 March 2016: - - - 1,185 - 1,185
    Depreciation
    01 April 2015: - - - 455 - 455
    Charge for year: - - - 231 - 231
    On disposals: - - - ( 469 ) - ( 469 )
    Other adjustments: - - - - - 0
    31 March 2016: - - - 217 - 217
    Net book value
    31 March 2016: - - - 968 - 968
    31 March 2015: - - - 810 - 810

STACEY COWEN & ASSOCIATES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2016

  • 6. Debtors


    2016
    £
    2015
    £
    Trade debtors: 1,120
    Other debtors: 164 164
    Total: 1,284 164

STACEY COWEN & ASSOCIATES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2016

  • 7. Creditors: amounts falling due within one year


    2016
    £
    2015
    £
    Taxation and social security: 1,035 863
    Other creditors: 9
    Total: 1,035 872

STACEY COWEN & ASSOCIATES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2016

  • 8. Called up share capital

    Allotted, called up and paid

    Previous period
    2015
    Class Number of shares Nominal value per share (£) Total (£)
    Ordinary shares: 1 1.00 1
    Preference shares: 0
    Total share capital (£): 1
    Current period
    2016
    Class Number of shares Nominal value per share (£) Total (£)
    Ordinary shares: 1 1.00 1
    Preference shares: 0
    Total share capital (£): 1

STACEY COWEN & ASSOCIATES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2016

  • 9. Profit and loss account


    2016
    £
    2015
    £
    Opening balance: 949 ( 668 )
    Profit or (loss) for the period: 4,143 4,117
    Equity dividends paid: ( 2,500 ) ( 2,500 )
    Retained profit: 2,592 949