THE_AFFILIATE_PEOPLE_LTD - Accounts

THE AFFILIATE PEOPLE LIMITED - Company Information

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Company Registration No. 06903071 (England and Wales)

THE AFFILIATE PEOPLE LTD

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2016

THE AFFILIATE PEOPLE LTD

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

THE AFFILIATE PEOPLE LTD

ABBREVIATED BALANCE SHEET

AS AT

30 APRIL 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

1,437

714

Current assets

Debtors

308,977

207,988

Cash at bank and in hand

72,381

64,029

381,358

272,017

Creditors: amounts falling due within one year

(228,336)

(152,837)

Net current assets

153,022

119,180

Total assets less current liabilities

154,459

119,894

Creditors: amounts falling due after more than one year

(12,500)

(17,000)

141,959

102,894

Capital and reserves

Called up share capital

Share premium account

99,998

93,123

Profit and loss account

41,959

9,769

Shareholders' funds

141,959

102,894

For the financial year ended 30 April 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 31 January 2017

Mr Corin Vestey

Director

Company Registration No. 06903071

THE AFFILIATE PEOPLE LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2016

- 2 -

Accounting policies

1.1

Accounting convention

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

1.2

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).

1.3

Turnover

Turnover represents amounts receivable for services provided net of Value Added Tax.

1.4

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:

Fixtures, fittings & equipment

20% reducing balance

1.5

Foreign currency translation

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

Fixed assets

Tangible assets

Cost

At 1 May 2015

2,723

Additions

1,082

At 30 April 2016

3,805

Depreciation

At 1 May 2015

2,009

Charge for the year

359

At 30 April 2016

2,368

Net book value

At 30 April 2016

1,437

At 30 April 2015

714

THE AFFILIATE PEOPLE LTD

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 APRIL 2016

- 3 -

Share capital

2016

2015

Allotted, called up and fully paid

100 Ordinary shares of 1p each

100 Ordinary "2" shares of 1p each