Allied & Equity Ltd - Period Ending 2016-08-31

Registration number: 05898776

Allied & Equity Ltd

Unaudited Abbreviated Accounts

for the Year Ended 31 August 2016
 

KRW Accountants Ltd
Chartered Accountants & Tax Advisers
The Mill
Pury Hill Business Park
Alderton Road
Towcester
NN12 7LS

Allied & Equity Ltd
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Allied & Equity Ltd
(Registration number: 05898776)
Abbreviated Balance Sheet at 31 August 2016

		Note			2016 £			2015 £
Current assets
Debtors					16,790			10,000
Cash at bank and in hand					3,171			8,132
					19,961			18,132
Creditors: Amounts falling due within one year					(15,414)			(15,077)
Net assets					4,547			3,055
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					4,447			2,955
Shareholders' funds					4,547			3,055

For the year ending 31 August 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 director acknowledges his 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 director on 24 May 2017

.........................................
Mr Harry Luke Artus
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Allied & Equity Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 August 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Plant & Machinery	20% Straight Line

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 September 2015		2,491			2,491
At 31 August 2016		2,491			2,491
Depreciation
At 1 September 2015		2,491			2,491
At 31 August 2016		2,491			2,491
Net book value
At 31 August 2016		-			-
At 31 August 2015		-			-

Page 2

Allied & Equity Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 August 2016
......... continued

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary Shares of £1 each		100			100			100			100

Page 3