Company Registration No. 07946705 (England and Wales)
COMPANYTHREE LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2016
TWP Accounting LLP
Chartered Accountants
The Old Rectory
Church Street
Weybridge
Surrey
KT13 8DE
COMPANYTHREE LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
COMPANYTHREE LIMITED
Company Registration No. 07946705
ABBREVIATED BALANCE SHEET
AS AT 30 September 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
671
-
Current assets
Debtors
-
5,940
Cash at bank and in hand
7,935
4,804
7,935
10,744
Creditors: amounts falling due within one year
(83,759)
(89,156)
Net current liabilities
(75,824)
(78,412)
Total assets less current liabilities
(75,153)
(78,412)
Capital and reserves
Called up share capital
3
3
3
Profit and loss account
(75,156)
(78,415)
Shareholders' funds
(75,153)
(78,412)
For the financial period ended 30 September 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 30 June 2017
J R Stack
Director
COMPANYTHREE LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2016
- 2 -
1
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 company has made a profit of £ 3,259 and has net liabilities of £ 75,153 . Included in creditors are amounts due to the directors of £59,994 and amounts of £ 13,882 from companies controlled by the directors, who have confirmed their continuing support. The directors are confident about the company's ability to trade as a going concern and meet its financial obligations. Therefore the accounts have been prepared on the going concern basis.profit of £3,259 and has net liabilities of £75,153. Included in creditors are amounts due to the directors of £59,994 and amounts of £13,882 from companies controlled by the directors, who have confirmed their continuing support. The directors are confident about the company's ability to trade as a going concern and meet its financial obligations. Therefore the accounts have been prepared on the going concern basis.
1.3
Turnover
Turnover comprises revenue recognised in respect of real estate services supplied during the period , exclusive of Value Added Tax and trade discounts.recognised in respect of real estate services supplied during the period, exclusive of Value Added Tax and trade discounts.
Income is recognised in the period in which the service is supplied.
1.4
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:
Computer equipment
20%
2
Fixed assets
Tangible assets
£
Cost
At 1 April 2015
-
Additions
774
At 30 September 2016
774
Depreciation
At 1 April 2015
-
Charge for the period
103
At 30 September 2016
103
Net book value
At 30 September 2016
671
COMPANYTHREE LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE PERIOD ENDED 30 SEPTEMBER 2016
- 3 -
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
3 Ordinary shares of £1 each
3
3
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