ASHTONS_(LONDON)_LTD - Accounts

ASHTONS ( LONDON ) LTD - Company Information

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Company Registration No. 07063048 (England and Wales)

ASHTONS (LONDON) LTD

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2016

ASHTONS (LONDON) LTD

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

ASHTONS (LONDON) LTD

ABBREVIATED BALANCE SHEET

AS AT

30 JUNE 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

7,663

8,088

Current assets

Debtors

28,393

25,355

Cash at bank and in hand

70,539

36,188

98,932

61,543

Creditors: amounts falling due within one year

(96,096)

(67,145)

Net current assets/(liabilities)

2,836

(5,602)

Total assets less current liabilities

10,499

2,486

Capital and reserves

Called up share capital

100

Profit and loss account

10,399

2,386

Shareholders' funds

10,499

2,486

For the financial year ended 30 June 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 28 March 2017

S E Philipp

Director

Company Registration No. 07063048

ASHTONS (LONDON) LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

The financial statements have been prepared on a going concern basis which assumes that the company will continue to trade. The validity of this assumption is dependent upon the continued support of the company's director who has indicated that he intends to provide necessary facilities to enable the company to continue to trade for the foreseeable future.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for fees and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Computer equipment

33.3% straight line

Fixtures, fittings & equipment

20% reducing balance

Fixed assets

Tangible assets

Cost

At 1 July 2015

16,668

Additions

2,366

At 30 June 2016

19,034

Depreciation

At 1 July 2015

8,580

Charge for the year

2,791

At 30 June 2016

11,371

Net book value

At 30 June 2016

7,663

At 30 June 2015

8,088

ASHTONS (LONDON) LTD

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2016

- 3 -

Share capital

2016

2015

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100