Tailored Accountancy Solutions Limited - Period Ending 2016-07-31

Registration number: 08905649

Tailored Accountancy Solutions Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 July 2016
 

Tailored Accountancy Solutions Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Tailored Accountancy Solutions Limited
(Registration number: 08905649)
Abbreviated Balance Sheet at 31 July 2016

		Note			31 July 2016 £			31 July 2015 £
Fixed assets
Tangible fixed assets		2			230			454
Current assets
Debtors					5,753			2,653
Cash at bank and in hand					14,638			16,336
					20,391			18,989
Creditors: Amounts falling due within one year					(12,475)			(13,607)
Net current assets					7,916			5,382
Total assets less current liabilities					8,146			5,836
Provisions for liabilities					(46)			(91)
Net assets					8,100			5,745
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					8,000			5,645
Shareholders' funds					8,100			5,745

For the year ending 31 July 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 10 February 2017 and signed on its behalf by:

.........................................
Mr P Goodman
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Tailored Accountancy Solutions Limited
Notes to the Abbreviated Accounts for the Year Ended 31 July 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 the total invoice value, excluding value added tax, of sales made during the year. Income is recognised based on the date goods are despatched and the level of completion of services.

Depreciation

Tangible fixed assets are initially recorded at cost. Depreciation is provided on tangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Computer equipment	33% straight line

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, with certain limited exceptions as required by the financial reporting standard for smaller entities. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 August 2015		678			678
At 31 July 2016		678			678
Depreciation
At 1 August 2015		224			224
Charge for the year		224			224
At 31 July 2016		448			448
Net book value
At 31 July 2016		230			230
At 31 July 2015		454			454

Page 2

Tailored Accountancy Solutions Limited
Notes to the Abbreviated Accounts for the Year Ended 31 July 2016
......... continued

3	Share capital

Allotted, called up and fully paid shares

	31 July 2016						31 July 2015
		No.			£			No.			£
Ordinary A shares of £1 each		51			51			51			51
Ordinary B shares of £1 each		24			24			24			24
Ordinary C shares of £1 each		15			15			15			15
Ordinary D shares of £1 each		10			10			10			10
		100			100			100			100

4	Related party transactions

Directors' advances and credits

	Year ended 31 July 2016 £		21 February 2014 to 31 July 2015 £
R Daw
Shares issued during the period	-		(15)
Balance carried forward	(15)		(15)
J Jones
Balance carried forward	256		3,589
Dividends voted during the period	15,367		17,828

5

Control

The company is controlled by it's parent company, Goodman Financial Group Limited, a company incorporated in England. The ultimate controlling party is Paul Goodman, director.

Page 3