Abbreviated Company Accounts - COLIN WHITE ASSOCIATES LIMITED

COLIN WHITE ASSOCIATES LIMITED - Company Information

Registered Number 05784225

COLIN WHITE ASSOCIATES LIMITED

Abbreviated Accounts

31 May 2016

COLIN WHITE ASSOCIATES LIMITED Registered Number 05784225

Abbreviated Balance Sheet as at 31 May 2016

	Notes	2016	2015
		£	£
Fixed assets
Intangible assets	2	-	3,500
		-	3,500
Current assets
Stocks		1,300	2,374
Debtors		7,790	4,040
Cash at bank and in hand		16,025	17,380
		25,115	23,794
Creditors: amounts falling due within one year		(24,720)	(27,065)
Net current assets (liabilities)		395	(3,271)
Total assets less current liabilities		395	229
Total net assets (liabilities)		395	229
Capital and reserves
Called up share capital		100	100
Profit and loss account		295	129
Shareholders' funds		395	229

For the year ending 31 May 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 14 February 2017

And signed on their behalf by:
J Peck, Director

COLIN WHITE ASSOCIATES LIMITED Registered Number 05784225

Notes to the Abbreviated Accounts for the period ended 31 May 2016

1Accounting Policies

Basis of measurement and preparation of accounts
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover policy
Turnover represents the invoiced value of services inclusive of value added tax.

Intangible assets amortisation policy
Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of ten years.

Other accounting policies
Stocks
Work in progress is valued at the lower of cost and net realisable value.
Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

2Intangible fixed assets

	£
Cost
At 1 June 2015	35,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2016	35,000
Amortisation
At 1 June 2015	31,500
Charge for the year	3,500
On disposals	-
At 31 May 2016	35,000
Net book values
At 31 May 2016	0
At 31 May 2015	3,500