C B Heslop and Company Limited - Abbreviated accounts 16.1
C B Heslop and Company Limited - Abbreviated accounts 16.1
| REGISTERED NUMBER: |
| ABBREVIATED UNAUDITED ACCOUNTS |
| FOR THE YEAR ENDED 31 MAY 2016 |
| FOR |
| C B HESLOP AND COMPANY LIMITED |
| C B HESLOP AND COMPANY LIMITED (REGISTERED NUMBER: 07910673) |
| CONTENTS OF THE ABBREVIATED ACCOUNTS |
| for the year ended 31 MAY 2016 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| C B HESLOP AND COMPANY LIMITED |
| COMPANY INFORMATION |
| for the year ended 31 MAY 2016 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| C B HESLOP AND COMPANY LIMITED (REGISTERED NUMBER: 07910673) |
| ABBREVIATED BALANCE SHEET |
| 31 MAY 2016 |
| 31.5.16 | 31.5.15 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 2 |
| Tangible assets | 3 |
| Investments | 4 |
| CURRENT ASSETS |
| Stocks |
| Debtors |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
5 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 6 |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| The directors acknowledge their responsibilities for: |
| (a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
| (b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
| C B HESLOP AND COMPANY LIMITED (REGISTERED NUMBER: 07910673) |
| ABBREVIATED BALANCE SHEET - continued |
| 31 MAY 2016 |
| The financial statements were approved by the Board of Directors on |
| C B HESLOP AND COMPANY LIMITED (REGISTERED NUMBER: 07910673) |
| NOTES TO THE ABBREVIATED ACCOUNTS |
| for the year ended 31 MAY 2016 |
| 1. | ACCOUNTING POLICIES |
| Accounting convention |
| 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). |
| Turnover |
| Turnover represents fee income receivable for services rendered. Fee income is based on invoiced value, |
| excluding vat and is adjusted for work in progress. |
| Goodwill |
| Goodwill, being the amounts paid in connection with the acquisition of accountancy practices, is being amortised |
| over periods considered by the directors to be relevant to each acquisition. |
| Tangible fixed assets |
| Fixtures and fittings | - |
| Office equipment | - |
| Stocks |
| Work in progress represents the amount of unbillied client work stated at the lower of cost or net realisable |
| value. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
| sheet date. |
| Hire purchase and leasing commitments |
| Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the |
| period of the lease. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension |
| scheme are charged to the profit and loss account in the period to which they relate. |
| 2. | INTANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 June 2015 |
| Additions |
| At 31 May 2016 |
| AMORTISATION |
| At 1 June 2015 |
| Amortisation for year |
| At 31 May 2016 |
| NET BOOK VALUE |
| At 31 May 2016 |
| At 31 May 2015 |
| C B HESLOP AND COMPANY LIMITED (REGISTERED NUMBER: 07910673) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| for the year ended 31 MAY 2016 |
| 3. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 June 2015 |
| and 31 May 2016 |
| DEPRECIATION |
| At 1 June 2015 |
| Charge for year |
| At 31 May 2016 |
| NET BOOK VALUE |
| At 31 May 2016 |
| At 31 May 2015 |
| 4. | FIXED ASSET INVESTMENTS |
| Investments |
| other |
| than |
| loans |
| £ |
| COST |
| At 1 June 2015 |
| and 31 May 2016 | 3 |
| NET BOOK VALUE |
| At 31 May 2016 |
| At 31 May 2015 |
| The company's investments at the Balance Sheet date in the share capital of companies include the following: |
| Nature of business: |
| % |
| Class of shares: | holding |
| Ordinary | 100.00 |
| Nature of business: |
| % |
| Class of shares: | holding |
| Ordinary | 100.00 |
| 5. | CREDITORS |
| Creditors include the following debts falling due in more than five years: |
| 31.5.16 | 31.5.15 |
| £ | £ |
| Repayable by instalments | 63,992 | 81,996 |
| C B HESLOP AND COMPANY LIMITED (REGISTERED NUMBER: 07910673) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| for the year ended 31 MAY 2016 |
| 6. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31.5.16 | 31.5.15 |
| value: | £ | £ |
| Ordinary | £1 |
| Ordinary T | £1 |
| Ordinary S | £1 |
| Ordinary N | £1 |
| 12,503 | 12,203 |
| The following shares were issued during the year for cash at par : |