AJP_ASSOCIATES_(SOUTH_WES - Accounts

IAM COMPLIANT LIMITED - Company Information

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Company Registration No. 08087062 (England and Wales)

AJP ASSOCIATES (SOUTH WEST) LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 MAY 2016

AJP ASSOCIATES (SOUTH WEST) LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

AJP ASSOCIATES (SOUTH WEST) LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 MAY 2016

- 1 -

2016

2015

Notes

Fixed assets

Intangible assets

252,890

221,729

Tangible assets

646

1,185

253,536

222,914

Current assets

Debtors

34,670

61,815

Cash at bank and in hand

540

7,187

35,210

69,002

Creditors: amounts falling due within one year

(293,803)

(273,508)

Net current liabilities

(258,593)

(204,506)

Total assets less current liabilities

(5,057)

18,408

Provisions for liabilities

(24,718)

(28,136)

(29,775)

(9,728)

Capital and reserves

Called up share capital

Profit and loss account

(29,776)

(9,729)

Shareholders' deficit

(29,775)

(9,728)

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

Directors' responsibilities:

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

The directors acknowledge their 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 24 May 2017

A L Pargeter

Director

Company Registration No. 08087062

AJP ASSOCIATES (SOUTH WEST) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE PERIOD ENDED 30 MAY 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).

1.2

Going concern

The financial statements have been prepared on a going concern basis. The suitability of this is dependent on the continued support of the directors.

1.3

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).

1.4

Turnover

Turnover represents amounts receivable for services net of VAT over the service period.over the service period.

1.5

Research and development

Research expenditure is written off to the profit and loss account in the year in which it is incurred. Development expenditure is written off in the same way unless the directors are satisfied as to the technical, commercial and financial viability of individual projects. In this situation, the expenditure is deferred and amortised over the period during which the company is expected to benefit.

1.6

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:

Plant and machinery etc

3 years straight line

1.7

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

AJP ASSOCIATES (SOUTH WEST) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE PERIOD ENDED 30 MAY 2016

- 3 -

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 1 June 2015

221,729

2,178

223,907

Additions

31,161

194

31,355

At 30 May 2016

252,890

2,372

255,262

Depreciation

At 1 June 2015

993

Charge for the period

733

At 30 May 2016

1,726

Net book value

At 30 May 2016

252,890

646

253,536

At 31 May 2015

221,729

1,185

222,914

Called up share capital

2016

2015

Allotted, called up and fully paid

100 Ordinary shares of 1p each