Leesamarie Associates Ltd - Period Ending 2016-03-31

Leesamarie Associates Ltd - Period Ending 2016-03-31


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Registration number: 09561118

Leesamarie Associates Ltd

Unaudited Abbreviated Accounts

for the Period from 25 April 2015 to 31 March 2016

 

Booth Parkes & Associates Limited
Chartered Accountant
Southolme
Trinity Street
Gainsborough
Lincolnshire
DN21 2EQ

 

Leesamarie Associates Ltd
Contents

Accountants' Report

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3 to 4

 

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Leesamarie Associates Ltd
for the Period Ended 31 March 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have complied the financial statements of Leesamarie Associates Ltd for the period ended 31 March 2016 which comprise of the Profit and Loss Account, the Balance Sheet, and the related notes from the company's accounting records and from information and explanations you have given to us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Leesamarie Associates Ltd, as a body, in accordance with the terms of our engagement letterdated 21 October 2015. Our work has been undertaken solely to prepare for your approval the accounts of Leesamarie Associates Ltd and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Leesamarie Associates Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Leesamarie Associates Ltd has kept adequate accounting records and to prepare financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Leesamarie Associates Ltd. You consider that Leesamarie Associates Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the accounts of Leesamarie Associates Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

..............................................................

Booth Parkes & Associates Limited
Chartered Accountant
Southolme
Trinity Street
Gainsborough
Lincolnshire
DN21 2EQ

31 January 2017

 

Leesamarie Associates Ltd
(Registration number: 09561118)
Abbreviated Balance Sheet at 31 March 2016

 

Note

   

31 March 2016
£

 

Fixed assets

 

   

 

Tangible fixed assets

 

2

   

1,420

 

Current assets

 

   

 

Debtors

 

   

2,308

 

Cash at bank and in hand

 

   

100

 

 

   

2,408

 

Creditors: Amounts falling due within one year

 

   

(4,836)

 

Net current liabilities

 

   

(2,428)

 

Net liabilities

 

   

(1,008)

 

Capital and reserves

 

   

 

Called up share capital

 

3

   

100

 

Profit and loss account

 

   

(1,108)

 

Shareholders' deficit

 

   

(1,008)

 

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 director acknowledges her 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 director on 30 January 2017

.........................................
Mrs L M Murray
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

 

Leesamarie Associates Ltd
Notes to the Abbreviated Accounts for the Period from 25 April 2015 to 31 March 2016
......... continued

1

Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Going concern

The financial statements have been prepared on a going concern basis.

Turnover

Turnover represents amounts chargeable in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class

Depreciation method and rate

Office equipment

50% straight line basis

Fixtures and fittings

50% straight line basis

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

 

Leesamarie Associates Ltd
Notes to the Abbreviated Accounts for the Period from 25 April 2015 to 31 March 2016
......... continued

2

Fixed assets

   

Tangible assets
£

   

Total
£

 

Cost

           

Additions

 

1,539

   

1,539

 

At 31 March 2016

 

1,539

   

1,539

 

Depreciation

           

Charge for the period

 

119

   

119

 

At 31 March 2016

 

119

   

119

 

Net book value

           

At 31 March 2016

 

1,420

   

1,420

 

3

Share capital

Allotted, called up and fully paid shares

 

31 March 2016

   

No.

   

£

 

Ordinary shares of £1 each

 

100

   

100

 
             

New shares allotted

During the period 100 Ordinary shares having an aggregate nominal value of £1 were allotted for an aggregate consideration of £100.