Accounts filed on 30-11-2016


Registered number: 4978579






Owens & Associates Limited


ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30/11/2016
























Prepared By:
Owens & Associates Ltd
Chartered Certified Accountants
40A Market Square
St Neots
Cambs
PE19 2AF


ABBREVIATED ACCOUNTS


FOR THE YEAR ENDED 30/11/2016

















INDEX TO THE ACCOUNTS




Abbreviated Balance Sheet		2

Notes to the Abbreviated Accounts		3



The company's registered number is 4978579


Registered Number: 4978579

BALANCE SHEET AT 30/11/2016

			2016		2015
	Notes		£		£

FIXED ASSETS
Intangible assets	2		78,000		79,000
Tangible assets	3		26,850		2,019

			104,850		81,019

CURRENT ASSETS
Debtors (amounts falling due within one year)	4	39,067		18,652
Cash at bank and in hand		15		-
		39,082		18,652
CREDITORS: Amounts falling due within one year		85,872		70,308
NET CURRENT LIABILITIES			(46,790)		(51,656)
TOTAL ASSETS LESS CURRENT LIABILITIES			58,060		29,363


CREDITORS: Amounts falling due after more than one year	5		38,436		18,320

NET ASSETS			19,624		11,043

CAPITAL AND RESERVES

Called up share capital	6		101		101
Profit and loss account			19,523		10,942
SHAREHOLDERS' FUNDS			19,624		11,043

For the year ending 30/11/2016 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 02/02/2017 and signed on their behalf by




Mr J F Owens
Director

1. ACCOUNTING POLICIES


1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).


1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Equipment		reducing balance 25%
Motor Cars		reducing balance 25%


1c. Taxation
Corporation tax payable is provided on taxable profits at the current rates.
Provision is made for deferred taxation in so far as a liability or asset has arisen as a result of transactions that had occurred by the balance sheet date and have given rise to an obligation to pay more tax in the future, or the right to pay less tax in the future. An asset has not been recognised to the extent that the transfer of economic benefits in the future is uncertain. Deferred tax assets and liabilities recognised have not been discounted.


1d. Pension Costs
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.


1e. Turnover
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.


1f. Goodwill
Goodwill arising in connection with the acquisition of businesses is capitalised and amortised over its estimated economic life to a maximum of 20 years. Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.


4. DEBTORS	2016	2015
	£	£

Amounts falling due within one year:
Trade debtors	39,067	18,652
	39,067	18,652


5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
	2016	2015
	£	£
Bank loans and overdrafts	19,705	18,320
Other creditors	18,731	-
	38,436	18,320


Included in other creditors are:
Obligations under hire purchase	18,731	-


6. SHARE CAPITAL	2016	2015
	£	£
Allotted, issued and fully paid:
1 Ordinary shares of £1 each	1	1
100 Class A shares of £1 each	100	100
	101	101