Needham Accountancy Limited


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Company Registration No. 06674434 (England and Wales)
Needham Accountancy Limited Abbreviated unaudited accounts for the year ended 31 July 2016
Needham Accountancy Limited Abbreviated Balance Sheet as at 31 July 2016
2016 
2015 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,804 
2,009 
Current assets
Debtors
17,855 
5,628 
Cash at bank and in hand
578 
201 
18,433 
5,829 
Creditors: amounts falling due within one year
(13,498)
(4,832)
Net current assets
4,935 
997 
Net assets
6,739 
3,006 
Capital and reserves
Share premium
50 
50 
Profit and loss account
6,689 
2,956 
Total shareholders' funds
6,739 
3,006 
For the year ending 31 July 2016 the company was entitled to exemption from audit 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 director acknowledges her 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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Approved by the board on 27 April 2017
Elizabeth Needham Director Company Registration No. 06674434
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Needham Accountancy Limited Notes to the Abbreviated Accounts for the year ended 31 July 2016
1
Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
33.33% straight line
Fixtures & fittings
33.33% straight line
Computer equipment
33.33% straight line
2
Tangible fixed assets
£ 
Cost
At 1 August 2015
7,096 
Additions
582 
At 31 July 2016
7,678 
Depreciation
At 1 August 2015
5,087 
Charge for the year
787 
At 31 July 2016
5,874 
Net book value
At 31 July 2016
1,804 
At 31 July 2015
2,009 
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