Abbreviated Company Accounts - ASHBY PROFESSIONAL SERVICES LIMITED

Abbreviated Company Accounts - ASHBY PROFESSIONAL SERVICES LIMITED

ASHBY PROFESSIONAL SERVICES LIMITED - Company Information

Print Friendly Version

Registered Number 03041575

ASHBY PROFESSIONAL SERVICES LIMITED

Abbreviated Accounts

30 April 2016

ASHBY PROFESSIONAL SERVICES LIMITED Registered Number 03041575

Abbreviated Balance Sheet as at 30 April 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 40,023 40,023
Investments 3 31,363 31,363
71,386 71,386
Current assets
Debtors 1,437 37
Cash at bank and in hand 1,011 1,688
2,448 1,725
Creditors: amounts falling due within one year (118) (162)
Net current assets (liabilities) 2,330 1,563
Total assets less current liabilities 73,716 72,949
Total net assets (liabilities) 73,716 72,949
Capital and reserves
Called up share capital 4 2 2
Profit and loss account 73,714 72,947
Shareholders' funds 73,716 72,949
  • For the year ending 30 April 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 16 January 2017

And signed on their behalf by:
MICHAEL ROSEN, Director

ASHBY PROFESSIONAL SERVICES LIMITED Registered Number 03041575

Notes to the Abbreviated Accounts for the period ended 30 April 2016

1Accounting 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 (effective January 2015).

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Fixtures & Fittings - 33% on cost

Other accounting policies
Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

2Tangible fixed assets
£
Cost
At 1 May 2015 41,904
Additions -
Disposals -
Revaluations -
Transfers -
At 30 April 2016 41,904
Depreciation
At 1 May 2015 1,881
Charge for the year -
On disposals -
At 30 April 2016 1,881
Net book values
At 30 April 2016 40,023
At 30 April 2015 40,023

All fixed assets are initially recorded at cost.

3Fixed assets Investments
The investment represents investments in Listed UK companies.

4Called Up Share Capital
Allotted, called up and fully paid:
2016
£		 2015
£
2 Ordinary shares of £1 each 2 2