Allan Lamb Associates Limited - Accounts to registrar - small 16.3

Allan Lamb Associates Limited - Accounts to registrar - small 16.3

ALLAN LAMB ASSOCIATES LIMITED - Company Information

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REGISTERED NUMBER: 03273937 (England and Wales)





















ALLAN LAMB ASSOCIATES LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2016













ALLAN LAMB ASSOCIATES LIMITED (REGISTERED NUMBER: 03273937)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 4


ALLAN LAMB ASSOCIATES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2016







DIRECTOR: A Lamb





SECRETARY: Mrs L S L Lamb





REGISTERED OFFICE: 22-24 Harborough Road
Kingsthorpe
Northampton
NN2 7AZ





REGISTERED NUMBER: 03273937 (England and Wales)





ACCOUNTANTS: Phipps Henson McAllister
Chartered Accountants
22-24 Harborough Road
Kingsthorpe
Northampton
NN2 7AZ
Page 1
ALLAN LAMB ASSOCIATES LIMITED (REGISTERED NUMBER: 03273937)

BALANCE SHEET
31 DECEMBER 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 740 987

CURRENT ASSETS
Debtors 5 265,081 130,652
Cash at bank 161,861 167,539
426,942 298,191
CREDITORS
Amounts falling due within one year 6 424,211 287,480
NET CURRENT ASSETS 2,731 10,711
TOTAL ASSETS LESS CURRENT LIABILITIES 3,471 11,698

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 3,467 11,694
SHAREHOLDERS' FUNDS 3,471 11,698

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director on 28 March 2017 and were signed by:



A Lamb - Director


The notes form part of these financial statements

Page 2
ALLAN LAMB ASSOCIATES LIMITED (REGISTERED NUMBER: 03273937)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016


1. STATUTORY INFORMATION

Allan Lamb Associates Limited is a private company, limited by shares , registered in England and Wales. The
company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,
rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Office equipment - 25% on reducing balance

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 .

4. TANGIBLE FIXED ASSETS
Fixtures
and Office
fittings equipment Totals
£    £    £   
COST
At 1 January 2016
and 31 December 2016 1,262 14,071 15,333
DEPRECIATION
At 1 January 2016 1,243 13,103 14,346
Charge for year 5 242 247
At 31 December 2016 1,248 13,345 14,593
NET BOOK VALUE
At 31 December 2016 14 726 740
At 31 December 2015 19 968 987

Page 3
ALLAN LAMB ASSOCIATES LIMITED (REGISTERED NUMBER: 03273937)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2016


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2016 2015
£    £   
Trade debtors 87,053 26,430
Prepayments and accrued income 178,028 104,222
265,081 130,652

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2016 2015
£    £   
Trade creditors 199,485 116,046
Corporation tax 4,900 17,566
PAYE and NI contributions - 80
VAT 7,062 16,299
Credit card 3,747 945
Directors' current accounts 5,027 40,871
Deferred income 203,740 95,673
Accrued expenses 250 -
424,211 287,480

7. RELATED PARTY DISCLOSURES

During the year, total dividends of £24,500 (2015 - £58,000) were paid to the director .

8. ULTIMATE CONTROLLING PARTY

The company is controlled by Mr A Lamb and his wife.

9. TRANSITION TO FRS 102 1A

This is the first year that the company has presented its results under FRS 102 1A. The last financial statements
under UK GAAP were for the year ended 31 December 2015. The date of transition to FRS 102 1A was
1 January 2015. No accounting policies have changed and no adjustments made due to the change.

Page 4