Company Registration No. 05473511 (England and Wales)
AUSTINS PROPERTY SERVICES LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2016
AUSTINS PROPERTY SERVICES LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
AUSTINS PROPERTY SERVICES LIMITED
ABBREVIATED BALANCE SHEET
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
4,603
7,536
Current assets
Debtors
36,869
25,069
Cash at bank and in hand
28,768
76,523
65,637
101,592
Creditors: amounts falling due within one year
(45,656)
(82,600)
Net current assets
19,981
18,992
Total assets less current liabilities
24,584
26,528
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
24,484
26,428
Shareholder's funds
24,584
26,528
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 member has 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 31 March 2017
Mr S Sharma
Director
Company Registration No. 05473511
AUSTINS PROPERTY SERVICES LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 2016
- 2 -
1
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).
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 goods and services 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
20% Straight line
Motor vehicles
20% Straight line
2
Fixed assets
Tangible assets
£
Cost
At 1 July 2015 & at 30 June 2016
19,555
Depreciation
At 1 July 2015
12,019
Charge for the year
2,933
At 30 June 2016
14,952
Net book value
At 30 June 2016
4,603
At 30 June 2015
7,536
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
100 Ordinary shares of £1 each
100
100
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