Abbreviated Company Accounts - HALF PENNY ACCOUNTANTS LIMITED

Abbreviated Company Accounts - HALF PENNY ACCOUNTANTS LIMITED

SPRING FINANCIAL SERVICES LIMITED - Company Information

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Registered Number 04182243

HALF PENNY ACCOUNTANTS LIMITED

Abbreviated Accounts

30 April 2016

HALF PENNY ACCOUNTANTS LIMITED Registered Number 04182243

Abbreviated Balance Sheet as at 30 April 2016

Notes 2016 2015
£ £
Fixed assets
Intangible assets 2 - 148,717
Tangible assets 3 5,062 7,644
5,062 156,361
Current assets
Stocks 6,814 18,693
Debtors 176,460 90,694
Cash at bank and in hand 9,305 313
192,579 109,700
Creditors: amounts falling due within one year (144,671) (238,122)
Net current assets (liabilities) 47,908 (128,422)
Total assets less current liabilities 52,970 27,939
Creditors: amounts falling due after more than one year 0 (6,391)
Total net assets (liabilities) 52,970 21,548
Capital and reserves
Called up share capital 15,100 15,100
Profit and loss account 37,870 6,448
Shareholders' funds 52,970 21,548
  • 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 30 January 2017

And signed on their behalf by:
Stephen Yeomans, Director

HALF PENNY ACCOUNTANTS LIMITED Registered Number 04182243

Notes to the Abbreviated Accounts for the period ended 30 April 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 represents net invoiced sale of services, excluding value added tax

Tangible assets depreciation policy
Depreciation is provided at the following rates in order to write off each asset over its estimated useful life as follows
Office equipment - 50% on cost
Motor Vehicles - 25% reducing balance

Intangible assets amortisation policy
Goodwill, being the amount paid in connection with the acquisition of businesses in 2003, 2008 and 2014 is being amortised evenly over its estimated useful life of 20 years

2Intangible fixed assets
£
Cost
At 1 May 2015 201,000
Additions -
Disposals (201,000)
Revaluations -
Transfers -
At 30 April 2016 0
Amortisation
At 1 May 2015 52,283
Charge for the year 10,050
On disposals (62,333)
At 30 April 2016 0
Net book values
At 30 April 2016 0
At 30 April 2015 148,717
3Tangible fixed assets
£
Cost
At 1 May 2015 24,641
Additions 1,788
Disposals (10,429)
Revaluations -
Transfers -
At 30 April 2016 16,000
Depreciation
At 1 May 2015 16,997
Charge for the year 3,432
On disposals (9,491)
At 30 April 2016 10,938
Net book values
At 30 April 2016 5,062
At 30 April 2015 7,644