John Grimshaw & Associates Ltd - Period Ending 2016-08-31

Registration number: 07172309

John Grimshaw & Associates Ltd
 
 Unaudited Abbreviated Accounts
 
 for the Year Ended 31 August 2016
 

John Grimshaw & Associates Ltd
Contents

Abbreviated Balance Sheet 1 to 2

Notes to the Abbreviated Accounts 3 to 4

John Grimshaw & Associates Ltd (Registration number: 07172309 )
  Abbreviated Balance Sheet at 31 August 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets					599			642
Current assets
Debtors					13,437			37,011
Cash at bank and in hand					75,498			24,878
					88,935			61,889
Creditors: Amounts falling due within one year					(21,589)			(13,381)
Net current assets					67,346			48,508
Net assets					67,945			49,150
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					67,845			49,050
Shareholders' funds					67,945			49,150

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 notes on pages 3 to 4 form an integral part of these financial statements. ________________________________________________________________________________________ 1

John Grimshaw & Associates Ltd (Registration number: 07172309 )
  Abbreviated Balance Sheet at 31 August 2016 (continued)

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 25 May 2017

.........................................
J R Grimshaw
Director

The notes on pages 3 to 4 form an integral part of these financial statements. ________________________________________________________________________________________ 2

John Grimshaw & Associates Ltd
Notes to the Abbreviated Accounts
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, net of value added tax, 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
Computer equipment	33.3% straight line

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

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.

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John Grimshaw & Associates Ltd
Notes to the Abbreviated Accounts
Year Ended 31 August 2016 (continued)

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 September 2015		3,325			3,325
Additions		417			417
At 31 August 2016		3,742			3,742
Depreciation
At 1 September 2015		2,683			2,683
Charge for the year		460			460
At 31 August 2016		3,143			3,143
Net book value
At 31 August 2016		599			599
At 31 August 2015		642			642

3	Share capital

Allotted, called up and fully paid shares

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

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