Accounts filed on 31-07-2016


ABBREVIATED ACCOUNTS


FOR THE YEAR ENDED 31/07/2016

















INDEX TO THE ACCOUNTS




Abbreviated Balance Sheet		2

Notes to the Abbreviated Accounts		3



The company's registered number is 06547239


Registered Number: 06547239

BALANCE SHEET AT 31/07/2016

			2016		2015
	Notes		£		£

FIXED ASSETS
Intangible assets	2		81,000		102,600
Tangible assets	3		86,668		91,336

			167,668		193,936

CURRENT ASSETS
Stock		2,200		2,100
Debtors (amounts falling due within one year)	4	23,312		11,407
Investments	5	22,822		25,080
Cash at bank and in hand		69,265		61,701
		117,599		100,288
CREDITORS: Amounts falling due within one year		62,359		35,159
NET CURRENT ASSETS			55,240		65,129
TOTAL ASSETS LESS CURRENT LIABILITIES			222,908		259,065


CREDITORS: Amounts falling due after more than one year	6		222,405		258,225

NET ASSETS			503		840

CAPITAL AND RESERVES

Called up share capital	7		100		100
Profit and loss account			403		740
SHAREHOLDERS' FUNDS			503		840

For the year ending 31/07/2016 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 28/04/2017 and signed on their behalf by




Mr Michael Starkey
Director

1. ACCOUNTING POLICIES




1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).




1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Land And Buildings		reducing balance 15%
Plant and Machinery		reducing balance 20%
Equipment		reducing balance 20%




1c. Stocks
Stock and work in progress are valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks.




1d. Taxation
Corporation tax payable is provided on taxable profits at the current rates.




1e. Turnover
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.




1f. Goodwill
Goodwill arising in connection with the acquisition of businesses is capitalised and amortised over its estimated economic life of 10 years. Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.




4. DEBTORS	2016	2015
	£	£

Amounts falling due within one year:
Trade debtors	17,293	-
Other debtors	6,019	11,407
	23,312	11,407




5. CURRENT ASSET INVESTMENTS
	2016	2015
	£	£
Other investments	22,822	25,080
	22,822	25,080

The investments represents the amounts owed to the company by Coleman Starkey LLP.




6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
	2016	2015
	£	£
Bank loans and overdrafts	222,405	258,225
	222,405	258,225




7. SHARE CAPITAL	2016	2015
	£	£
Allotted, issued and fully paid:
100 Ordinary shares of £1 each	100	100
	100	100




8. RELATED PARTY TRANSACTIONS
The Company is a partner in Coleman Starkey LLP. Its profit share in the year, which is included in the Company's turnover, was £198,460 (2015: £193,855). The amount owing to the Company at the year end, shown as an investment in the Company's balance sheet, was £22,822 (2015: £25,080).




9. TRANSACTIONS WITH DIRECTORS
At the Balance Sheet date the Director owed the Company £4,602 (2015: £11,168). The change in the year comprises cash advances, personal payments and other movements of £144,262, less dividends in the year of £150,828. The loan is repayable on demand and bears interest at 3.5% (2015: 4.5%) per annum on the average balance.




10. CONTROLLING PARTY
The controlling party is the directors.