Salloway Property Consultants Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 09092205 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2016

FOR

SALLOWAY PROPERTY CONSULTANTS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

to

3

Notes to the Abbreviated Accounts

4

to

5

DIRECTOR:

S M Salloway

REGISTERED OFFICE:

1 New Park Place

Pride Park

Derby

Derbyshire

DE24 8DZ

REGISTERED NUMBER:

09092205 (England and Wales)

ACCOUNTANTS:

Smith Cooper Limited

Chartered Accountants

St Helen's House

King Street

Derby

DE1 3EE

FIXED ASSETS

Intangible assets

2

32,756

-

Tangible assets

3

925

-

33,681

-

CURRENT ASSETS

Debtors

81,942

42,451

Cash at bank and in hand

89,093

4,478

171,035

46,929

CREDITORS

Amounts falling due within one year

89,935

15,046

NET CURRENT ASSETS

81,100

31,883

TOTAL ASSETS LESS CURRENT
LIABILITIES

114,781

31,883

CAPITAL AND RESERVES

Called up share capital

4

1

Profit and loss account

114,780

31,882

SHAREHOLDERS' FUNDS

114,781

31,883

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 27 January 2017 and were signed by:

S M Salloway - Director

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).

Exemption from preparing a cash flow statement

The financial statements do not include a Cash flow statement because the company, as a small

reporting entity is exempt from the requirement to prepare such a statement under the Financial

Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover is recognised when net invoice sales of goods/services, excluding value added tax are

provided.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on reducing balance

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.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

Additions

35,734

At 30 June 2016

35,734

AMORTISATION

Amortisation for year

2,978

At 30 June 2016

2,978

NET BOOK VALUE

At 30 June 2016

32,756

3.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

1,047

At 30 June 2016

1,047

DEPRECIATION

Charge for year

122

At 30 June 2016

122

NET BOOK VALUE

At 30 June 2016

925

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

1

Ordinary

£1

1